IntroductionLetters of Credit history (L/Cs) are vital fiscal instruments in international trade, supplying security and assurance to get-togethers involved with cross-border transactions. Among the the varied types of L/Cs, confirmed, transferable, and standby L/Cs Perform precise and critical roles in facilitating trade.Knowing Differing kinds of

IntroductionLetters of Credit (L/Cs) are vital money instruments in Intercontinental trade, providing stability and assurance to get-togethers associated with cross-border transactions. Amongst the various types of L/Cs, verified, transferable, and standby L/Cs Perform specific and very important roles in facilitating trade.Understanding Different