IntroductionLetters of Credit (L/Cs) are necessary money devices in Global trade, giving stability and assurance to events involved in cross-border transactions. Between the different sorts of L/Cs, verified, transferable, and standby L/Cs play distinct and critical roles in facilitating trade.Knowing Different Types of L/CsVerified L/CsA verified

IntroductionLetters of Credit history (L/Cs) are crucial economical devices in Intercontinental trade, offering safety and assurance to parties linked to cross-border transactions. Amongst the assorted forms of L/Cs, confirmed, transferable, and standby L/Cs play unique and important roles in facilitating trade.Being familiar with Different Types o