Identify 2 payment terms that you will be using for your business. Advanced Payment Open Account Documentary Collection Letter of Credit Confirmed Letter of Credit You are expected to explain what your chosen payment terms are about and why you think they are the best choice for your business. You should also mention possible clauses in your payment terms that will provide you with additional protection. Try to reflect on concepts outlined in the course slides and text book for insight about which payment terms are best for your situation. 3.2 INSURANCE Identify 3 insurance products from Export Development Canada (EDC) that you will be using for your business. Credit Insurance Contract Insurance Political Risk Insurance

1. Bonds & Guarantees

You are expected to explain what your chosen insurance products are about, what type of coverage you are expecting and why you think they are the best choice for your business. Try to reflect on concepts outlined in the course slides and text book for insight about which insurance products are best for your situation.

Identify 1 bond or guarantee that you will be using for your business.

• Performance Bond
• Bid Bond,
• Advance Payment & Progress Payment Guarantee
• Warrant & Retention (Holdback) Guarantee

You are expected to explain what the product you have chosen is about and why you think it is the best choice for your business. Try to reflect on concepts outlined in the course slides and text book for insight about which product is best for your situation.

our product is maple syrup its a canadian company planning to export in united states