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 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. Please provide your answer, by giving factual evidence, of utilizing trade finance rules, role of documents, and credibility of the banks involved? Further, should the sight L/C be discounted, or not? ( Finally, what are the risks faced by the issuing, and paying banks in the process