PLEASE SOLVE ANY 3 PARTS FROM 4 IN THIS QUESTION IN DETAILS:

1.What is the financial trust in using L/C as a payment instrument in IF?

2.ABC Ltd purchases 10,000 barrels of Crude Oil from Exxon Oil of US.The contract had been signed for Forward rate payment on 20^th Jan 2019.When the contract was signed, the crude oil price per barrel was $ 60.ABC Ltd settles the money on 25^th Feb 2019.On 25^th Feb 2019, the crude oil price is $ 70.What will be the amount that ABC ltd has to settle Exxon oil as on 25^th Feb 2019?

3.Explain the L/C Process.

4.What are the risks in International Investments?