Exploration of Confirmed, Transferable, and Standby L/Cs
IntroductionLetters of Credit (L/Cs) are critical financial devices in Intercontinental trade, furnishing stability and assurance to parties linked to cross-border transactions. Between the different different types of L/Cs, verified, transferable, and standby L/Cs Engage in certain and essential roles in facilitating trade.Being familiar with Diff