Review the characteristics of a confirmed documentary letter of credit and consider its value to:

a)An exporter in Ghana dealing with an importer in France through BNP Paribas, a majorinternational bank based in France.

b)A transaction involving U.S. exports to Tanzania through the First National Bank of SouthAfrica.In each case above, identify any obstacles which could impact the transaction and the associated risks for the importer and the exporter and consider whether a confirmed letter of credit should be used