![Illustration: Confirmed Letter of Credit Advantages & Disadvantages Illustration: Confirmed Letter of Credit Advantages & Disadvantages](https://easy-peasy.ai/cdn-cgi/image/quality=80,format=auto,width=700/https://fdczvxmwwjwpwbeeqcth.supabase.co/storage/v1/object/public/images/89406604-6db7-49ec-a897-d5209e0801d3/7c0dfa0f-5be1-4b85-a914-865144bdf4b7.png)
Illustration of Using Confirmed Letter of Credit: Advantages & Disadvantages
Prompt
Create a detailed illustration visualizing the process of using a Confirmed Letter of Credit. Illustrate the advantages such as enhancing trust between parties, showcasing secure payment methods, and demonstrating mitigation of risks. Then, depict the disadvantages including both parties incurring additional costs and the potential of not eliminating all risks. Use a balance of icons, arrows, and symbols to convey these concepts effectively.
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