TRADE FINANCE An Indian manufacturer of high-quality galvanised iron sheeting has received a confirmed sale order worth USD 100,000/- from a well reputed construction company in the United Arab Emirates to meet the requirements of an ongoing real estate project. Both parties are known to each other and over a period of several years, have developed immense trust and confidence in doing business to their mutual advantage and satisfaction. As bulk, dry, non-perishable goods, the consignment will be transported by sea in sealed containers "lashed on deck" using the services of an approved shipping company's vessel. As per the shipping terms, the consignment will be loaded on board ship at JNPT Port near Mumbai on 8th January 2022, with delivery in Dubai on 15th January 2022. As the ship's route involves direct, non-stop sailing between India and Dubai, it does not run the risk of transiting through the port of any country that faces economic and trade sanctions by the USA and there by satisfies the stringent requirements of the US Department of Treasury's Office of Foreign Assets Control (OFAC) with regard to US denominated international commercial transactions. The terms of the deal entail issue of a Letter of Credit specifying payment in full in US Dollars, ninety (90) days after delivery of the goods and subject to final checking of quality, specifications and quantity by the construction company. Describe the flow of the above international trade transaction and name the parties involved in it. Indicate also why an international trade transaction is co-dependent on the presence of insurance cover and foreign exchange facilities to ensure its smooth and final settlement?