EXPLORATION OF VERIFIED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are essential monetary devices in Worldwide trade, offering security and assurance to parties involved with cross-border transactions. Amid the various types of L/Cs, verified, transferable, and standby L/Cs Engage in specific and essential roles in facilitating trade.Being familiar with Differing types of L/CsC