Question: Miamma Ltd based in the UK. I has agreed to sell some goods to a buyer in Zambia, HMLB Co Ltd. Miamma Ltd requires payment

Miamma Ltd based in the UK. I has agreed to sell some goods to a buyer in Zambia, HMLB Co Ltd. Miamma Ltd requires payment immediately but HIMLB Co Ltd needs a period of credit before making payment.

Which of the following is the method of payment that is best suited to both parties to this transaction?

A. Cash

B. Letter of credit

C. Export credit insurance

D. SWIFT transfer

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