Discussion Questions 1 & 2 MGT370

 DQ #1: Incoterm

The Incoterms®2010 rules include 11 trading terms created by the International Chamber of Commerce (ICC). In 200 to 300 words, describe two Incoterms®2010 rules of your choice and explain which of them is more exporter-friendly and why.

DQ #2:  Letter of Credit

The text describes problems exporters have with letters of credit. Since letters of credit transactions are document-based, the slightest discrepancies between documents can snag a transaction. In 200 to 300 words, describe how an organization can mitigate one risk in writing a letter of credit.