1. Letter of Credit with Deferred Payment opened by Bank A in Country A: Payment will be made 40% after shipment, 60% after 90 days from shipment, and notified without confirmation via Bank B (informing bank). The seller sent the goods and delivered the documents to Bank B. Bank B sent the documents directly to Bank A. Bank A has decided that it is appropriate after examining the documents and 40% of the cost of the goods has been paid to the seller through Bank B after 40 days from the shipment. 60% of the cost of the goods was not paid by A Bank 90 days after the shipment. According to the information received by Bank B from A Bank, the goods are defective; The letter of credit has been canceled by A Bank.

Questions: 1. Does Bank A have a payment obligation? Explain. (15 points)

2. Can Bank A cancel the letter of credit based on the quality of the goods? Explain. (15 points)

2.Turkish Eximbank Credits: You are a small and medium size enterprise and intend to export your product. But you need export preparation finance. You found out that Turkish Export and Import Bank gives this kind of loan.

Question 1) What could be the name of credit?

Qustions 2) How can you meet the application requirements?

Question 3) What could the warranties be?

Question 4) What are the conditions (maturity, F/X and TL. interest rates) of this credit after accepting the application?

Question 5) How is your companys intelligence done? (50 points)

3. Letter of Counter Guarantee: Please prepare a counter guarantee according to the provisions below:

The principal: Gama Holding

The Instructing Bank: Isbank The Guarantor Bank: Deutsche Bank

The Beneficiary: Frankfurt Airport Authorities/Germany

The Amount: 1.000.000.- Euro

Date: 10th April 2023

Expiry Date of Counter Guarantee: 10th April 2025

Counter-guarantee No. 125985

Documents to claim for compensation: Letter of failure Place for presentation: Frankfurt/Germany

The party responsible for all the expenses: Principal (20 points)