IntroductionLetters of Credit rating (L/Cs) are essential economic instruments in Worldwide trade, giving stability and assurance to functions involved with cross-border transactions. Amid the assorted varieties of L/Cs, confirmed, transferable, and standby L/Cs play unique and very important roles in facilitating trade.Knowledge Differing types of

IntroductionLetters of Credit score (L/Cs) are vital financial devices in international trade, supplying security and assurance to parties linked to cross-border transactions. Among the the varied sorts of L/Cs, confirmed, transferable, and standby L/Cs Participate in distinct and essential roles in facilitating trade.Knowledge Differing types of L