As a Canadian Exporter, you have received an order from India, covering twelve, 20' containers, of

grade A apples, to be exporter under one contract, but 12 different shipments. Shipment from

Montreal port to Mumbai port and value of each container is USD 50,000 FOB Montreal.

Canadian exporter is requesting a letter of credit at sight, supported by a red-clause letter of credit, as

well, covering twelve shipments. The Indian importer wants to issue a cumulative revolving letter of

credit, covering each shipment, and value to be negotiated upon clean documents, and discrepant fee.

question: Please provide your answer, by giving factual evidence, of utilizing trade finance rules, the role of

documents, and the credibility of the banks involved.