Oman Fisheries LLC received a first time export order from Yasaki Import Co, Tokyo, on 10 May 2006, for 50,000 cans of fish. As per the original quote, the price of each can is 10 Euros ( 1 EURO = .410 OMR). The consignment (goods) have to be sent through Maersk Shipping company so as to reach Japan by 10 July 2006. Oman Fisheries banker in Muscat is Sohar National Bank, and Yasaki's banker in Tokyo is the Sanwa Bank Advise Oman Fisheries on which one of the following trade finance methods they should use. 1. Which one of the following three methods will you recommend and why ?: Documents Against Payment, Documents Against Acceptance and Letter of Credit. Choose only one. 2. Give a step by step explanation (or a diagram) explaining the method you have selected, using the Oman Fisheries information 3. What documents will be used in the above situation. Only names -explanation not required 4. With reference to the method you have selected: Is a draft required? If yes, using the Oman Fisheries information what will you write in AAA, BBB, CCC, DDD Date: For (Amount) At AAA Pay this Sole of Exchange DDD to the order of the sum of To For and on behalf of BBB (Signed) Oman Fisheries LLC received a first time export order from Yasaki Import Co, Tokyo, on 10 May 2006, for 50,000 cans of fish. As per the original quote, the price of each can is 10 Euros ( 1 EURO = .410 OMR). The consignment (goods) have to be sent through Maersk Shipping company so as to reach Japan by 10 July 2006. Oman Fisheries banker in Muscat is Sohar National Bank, and Yasaki's banker in Tokyo is the Sanwa Bank Advise Oman Fisheries on which one of the following trade finance methods they should use. 1. Which one of the following three methods will you recommend and why ?: Documents Against Payment, Documents Against Acceptance and Letter of Credit. Choose only one. 2. Give a step by step explanation (or a diagram) explaining the method you have selected, using the Oman Fisheries information 3. What documents will be used in the above situation. Only names -explanation not required 4. With reference to the method you have selected: Is a draft required? If yes, using the Oman Fisheries information what will you write in AAA, BBB, CCC, DDD Date: For (Amount) At AAA Pay this Sole of Exchange DDD to the order of the sum of To For and on behalf of BBB (Signed)