Question: Please help me , i will like it and give a good feedback. I need it asap. PART 2: GENERAL KNOWLEDGE (3pts) 1. How many

Please help me , i will like it and give a good feedback. I need it asap.

PART 2: GENERAL KNOWLEDGE (3pts) 1. How many steps are there in the process of payment by Letter of credit? What are they? (1.5pts) 2. Indicate the differences and similarities between FOB and CIF rules? If you are an importer which term should you choose? Explain your choice. If you are an exporter which term should you choose? Explain your choice. (1.5pts)

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