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Question: Business at your Campus Coffee is good. Very good. You decide to expand the product line by introducing a line of gourment coffees and want to buy a $50,000 Espresso machine, the best of the best. The company that makes it, Internazionale Immobiliare, is a small company in Palermo, Sicily. You've tasted their coffee and it is heavenly! But how do you buy it? You don't know the company and you don't want to pay first (what if they don't send you a good machine?). But they don't know you, and won't send you the machine until they get paid. How you gonna pay for it without risking delivery? You heard there is something called a "Letter of Credit". You heard there is even a Bank of America branch in Palermo too.
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