Question: Your company has recently signed a contract with a Peruvian importer. You are expected to export one million T-shirts over a period of ten months.

Your company has recently signed a contract with a Peruvian importer. You are expected to export one million T-shirts over a period of ten months. The Peruvian importer has requested a delivery on a monthly basis. You are considering asking for payments via letters of credit (L/C). What conditions would you, as the exporter, prefer having on the L/Cs? What conditions would you like to avoid on the L/Cs

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