In 2010, Oil Parts Inc., an Australian company specializing in oil machinery parts, sign a contract with a Libyan oil and gas company to supply replacement parts for equipment used in oil fields. The Australian company asked the payment to be made via an irrevocable letter of credit issued by an accredited bank in the country. The buyer's bank was the Libyan Arab Foreign Bank, which was unacceptable to the exporter as per company guidelines. As such, the Australian company requested the payment be made using a confirmed letter of credit and at the cost of confirmation will be assumed and by the issuing company - the Libyan oil and gas company. As the contract was in process, Libya faced political turmoil due to civil war during the Arab Spring. The Libyan Arab Foreign Banks rating was degraded, and the bank remained closed for months. The Australian company had just made its last shipment when the war broke out, the buyer accepted the goods. Do you think the Australian Company will receive the payment in this case?

a) The Australian Company will receive the money directly from the Confirming Bank, although the Confirming Bank cannot collect the funds from Libyan Arab Foreign Bank until the war is over.

b) The Australian Company will not receive the payment until the Libyan Arab Foreign Bank makes payment to the Confirming Bank.

c) The Australian Company will receive the money directly from Libyan Arab Foreign Bank.

d) The Australian Company will have to wait till the war is over and collect the money directly from the Libyan oil and gas company