Trade finance (I) You intend to export 100 computers worth $2,000 each from Miami, Florida to Cochabamba, Bolivia. This is the first shipment to a new client, and naturally you hope to be paid in USD for the computers. Essentially, your options are cash-in-advance, an open account, or an L/C. List below the advantages and disadvantages of each, spelling out who bears the counterparty risk in each case:

a cash-in-advance b an open account c a letter of credit.