IntroductionLetters of Credit score (L/Cs) are important financial instruments in Global trade, supplying protection and assurance to get-togethers involved in cross-border transactions. Amid the different kinds of L/Cs, confirmed, transferable, and standby L/Cs Enjoy specific and important roles in facilitating trade.Comprehension Differing types

IntroductionLetters of Credit rating (L/Cs) are important monetary instruments in Global trade, providing security and assurance to get-togethers involved with cross-border transactions. Between the assorted types of L/Cs, confirmed, transferable, and standby L/Cs Participate in particular and crucial roles in facilitating trade.Understanding Diffe