Please answer below three questions:

1) List at least 3 issues that must be addressed by parties negotiating payment by letter of credit.

2) What is the role of a bill of exchange in a letter of credit arrangement? What is particularly significant about a negotiable instrument? What is the significance of this for the drawer, and for the holder of the bill?

3) Please identify any other 3 methods for international trade payment other than a Letter of Credit.

Please Right Answers.