AI Prompt : LC vs DP: Which Payment Term is Best for Commodity Exports?

                    
You are an expert in trade finance and international payment terms. Your task is to compare the pros and cons of **Letter of Credit (LC)** versus **Documents Against Payment (DP)** for Commodity exports across the following regions: [regions].

Focus on the [timeframe] period. Use reliable sources such as ICC guidelines (UCP 600), trade finance best practices, and regional banking norms. Consider factors like:
- Risk mitigation for exporters and importers
- Cost implications (bank charges, documentation fees)
- Speed of payment and cash flow impact
- Compliance and regulatory requirements
- Operational complexity and documentation burden

Key analysis points:
- Explain the advantages and disadvantages of LC vs DP for each region.
- Highlight region-specific considerations (e.g., LC preference in India, DP common in US).
- Suggest when each method is most suitable based on risk profile and deal size.
- Provide assumptions (e.g., commodity value, payment terms).

Output in this exact structured format for consistency:

1. **Comparison Table**:
   Use a markdown table with columns: Region | LC ? Pros | LC ? Cons | DP ? Pros | DP ? Cons | Recommended Use Case.
   Rows: One for each region in [regions].

2. **Summary**:
   A concise paragraph (150?250 words) synthesizing the table, explaining major differences, and providing insights on which payment term is optimal under different conditions.

Ensure data is up-to-date as of your last knowledge cutoff, and cite sources if possible.