Q1. You have shipped a consignment of US$ 300,000, covered by BBI, NY L/C. The documents are negotiated by PNB, ND. The details are as follows: Amount Spot Rate Tenor INTEREST= 5% : US$ 300,000 : 1USD= Rs82/82.50 : 60 days Sight Exchange margin: 1% Pre shipment Credit of Rs 10million availed for 65 days. Penal interest: 20% A. Calculate Rs. Equivalent credited to the customer's account? b. Calculate the total interest at both pre & post shipment credit? What is Under Reserve NEGOTIATION? C. Payment is received after 120 days, calculate penalties? What will the financial burden if the exporter fails to ship the goods? (