Types of Payments/Activities

Activity
You are the exporter and have just shipped an order with a letter of credit. Using the following scenarios, determine when you will receive your funds and which bank will send them to you:

Scenario A
Invoice Date: January 15, 2007 Shipping Date: January 22, 2007 Type of LC: 60 Days after Invoice Date

Scenario B
Invoice Date: January 15, 2007 Shipping Date: January 22, 2007 Type of LC: 60 Days after Transport Date

Scenario C
Invoice Date: February 12, 2007 Shipping Date: February 12, 2007 Type of LC: at Sight

Scenario D
Invoice Date: March 19, 2007 Shipping Date: March 24, 2007 Type of LC: 90 days after negotiation by the Confirming Bank

Scenario E
Invoice Date: March 19, 2007 Shipping Date: March 24, 2007 Type of LC: 90 days after negotiation by the Issuing Bank

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