This discussion will take place this week in the LM12 International Trade Finance Forum on your Group Discussion Board. Your participation will be worth up to two points. In order to earn the full points, you must fully participate in the group discussion and show that you have an understanding of the material being discussed. The total costs for a U.S. company to export to a buyer in a foreign country include the transaction costs of trade financing, import/export duties, and the logistics of delivering to a foreign market penetration which includes distribution, inventory and transportation expenses. To better understand international trade, I would like you to read through the case of "Crosswell International and Brazil" on pages 392-395 of the 5th edition text; pdf of case pdf of case - Alternative Formats Note 1: the case does not mention anything about bank commission or fee related to the time draft (even though there usually is one); so proceed as if there is not a bank commission or fee related to the time draft. Note 2: this case is very straightforward and does not require you to make calculations (don't make it harder than it has to be!). (1) By Thursday night: If your last name begins with N - Z, create a new thread in this forum, and post your answer to the following questions: Question 1. To export diapers to Material Hospitalar, Crosswell International requires that Material Hospitalar will either pay in full in advance of shipment, or provide a confirmed irrevocable letter of credit from a US bank. Explain the protection that this letter of credit will provide to Crosswell.