Question: For this module, you have learned below: International Payment - Letter of Credit 1.Define roles of all parties involved in the execution of a letter

For this module, you have learned below:

International Payment - Letter of Credit

1.Define roles of all parties involved in the execution of a letter of credit

2. Identify types of letters of credit and their usage

3. Identify advantages, disadvantages, and risks of a letter of credit

4. Describe the steps in a simple letter of credit transaction

5. Identify terminology, definitions, and documents contained in UCP 600

6. Read and interpret the conditions on a letter of credit

What do you feel the most difficult part in the document credits and why?

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