IntroductionLetters of Credit (L/Cs) are essential economic instruments in Global trade, offering safety and assurance to get-togethers linked to cross-border transactions. Amid the different varieties of L/Cs, verified, transferable, and standby L/Cs play particular and vital roles in facilitating trade.Being familiar with Differing kinds of L/CsV

IntroductionLetters of Credit history (L/Cs) are critical fiscal devices in international trade, furnishing security and assurance to events involved with cross-border transactions. Among the assorted sorts of L/Cs, verified, transferable, and standby L/Cs Participate in certain and very important roles in facilitating trade.Knowing Differing types