IntroductionLetters of Credit (L/Cs) are important financial devices in Worldwide trade, delivering protection and assurance to get-togethers involved in cross-border transactions. Between the different varieties of L/Cs, confirmed, transferable, and standby L/Cs play unique and essential roles in facilitating trade.Comprehension Differing kinds of

IntroductionLetters of Credit (L/Cs) are essential fiscal instruments in international trade, delivering stability and assurance to events involved in cross-border transactions. Among the the various kinds of L/Cs, verified, transferable, and standby L/Cs Enjoy certain and essential roles in facilitating trade.Being familiar with Differing types of