EXPLORATION OF VERIFIED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are critical fiscal devices in Global trade, supplying safety and assurance to events associated with cross-border transactions. Amid the different different types of L/Cs, verified, transferable, and standby L/Cs play certain and critical roles in facilitating trade.Knowing Different Types of L/CsVerified L/CsA