Exploration of Confirmed, Transferable, and Standby L/Cs
IntroductionLetters of Credit history (L/Cs) are vital fiscal devices in international trade, supplying safety and assurance to get-togethers involved in cross-border transactions. Among the various kinds of L/Cs, confirmed, transferable, and standby L/Cs play certain and very important roles in facilitating trade.Being familiar with Different Type