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An alternative to using a letter of credit is export credit insurance. What are the advantages and disadvantages of using export credit insurance rather than a letter of credit for exporting (a) a luxury yacht from California to Canada, and (b) machine tools from New York to Ukraine?

I expect each discussion will be at least two paragraphs and about 150 to 200 words in length. Responses to two peers should be 150 words. Be sure to cite references.