QUERY FROM ELEGANTSilent L/C & STAND BY L/C I have 2 questions. They are as below. Please define: (i) SILENT L/C. (ii) STAND BY L/C. Thanking you in advance. —————— COMMENT Silent Confirmation & Stand-by LC Hi, Silent LC I’m afraid that the phrase “Silent LC” does not exist in practice. You may have mistaken it with “Silent Confirmation” or …