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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,
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. What is the most feasible manner to structure this deal, and why
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