1. List the major categories of financial risk that need to be considered in an international transaction? (5 marks) 2. Explain the key differences between Documents Against Payments (D/P) and Documents Against Acceptance (D/A). (5 marks) 3. Your company has recently signed a contract with a Peruvian importer. You are expected to export one million T-shirts over a period of ten months. The Peruvian importer has requested a delivery on a monthly basis. You are considering asking for payments via letters of credit (L/C). What conditions would you, as the exporter, prefer having on the L/Cs? What conditions would you like to avoid on the L/Cs? (5 marks)