IntroductionLetters of Credit rating (L/Cs) are necessary economical instruments in international trade, delivering protection and assurance to parties associated with cross-border transactions. Amid the different sorts of L/Cs, verified, transferable, and standby L/Cs Perform distinct and vital roles in facilitating trade.Knowing Different Types o

IntroductionLetters of Credit rating (L/Cs) are important economic devices in Worldwide trade, providing stability and assurance to functions involved in cross-border transactions. Between the varied varieties of L/Cs, confirmed, transferable, and standby L/Cs Enjoy distinct and very important roles in facilitating trade.Knowing Different Types of