Essay
You are the manager of international markets for Algoma Steel.You have received an offer to purchase 3000 metric tons of wire rods (used to draw wire for the manufacture of nails)from a large nail manufacturer in Panama.What are the most appropriate terms of payment and export conditions given the following information?
Panama's currency has been extremely unstable,with its value depreciating by more than 25% in the last three months.
The legal system is extremely weak in Panama,with many examples of corruption.
Rain and summer heat and humidity can cause the product to deteriorate if stored outside.
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