Discussion

1. Go to the International Chamber of Commerce (http://www.iccwbo.org/incoterms) Web site. In 200 to 300 words, describe an Incoterm that may not be covered in the text. A good source for such material is in the F.A.Q. section of the Web site.

2. 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