Rwanda Import Inc

Subject:EconomicsPrice:2.87 Bought7

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Rwanda Import Inc. signed a contract with Zimbabwe Expo! Inc. for the purchase of drilling equipment used in infrastructure development. The Rwandan company is interested in obtaining the product prior to payment but the Zimbabwean company wants to receive the payment up-front to minimize their risk of non-collecting. What is the recommended trade instrument for both companies to use?

A Transferable letter of credit

B Open payment terms

C Letter of credit and letter of guarantee

D Corporate letter of credit