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Oman Fisheries LLC received a first time export order from Suzuki Import Co. Tokyo. on 10 May 2006, for 50,000 cans of fish. As per

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Oman Fisheries LLC received a first time export order from Suzuki 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) will to be sent through Maersk Shipping company so as to reach Japan by 10 July 2006. Oman Fisheries banker in Muscat is Salalah International Bank, and Suzuki's banker in Tokyo is the Mitsubishi 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 to the order of DDD the sum of

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