International trade guidelines and information
In this module, you will research information related to
international finance, documents, and logistics.
Without financial resources, your company will not be able
to purchase goods and services. In your opinion, how does a company finance
international transactions?
When dealing with foreign countries, financial transactions
can be risky. Before your company ships goods to a company located in La
Republica de Caspa, you need to ensure that the foreign country will pay your
company for the goods. Similarly, if your company orders goods from a company
located in Russavia, you need to ensure that your company will receive the
products it ordered instead of boxes filled with rocks.
Research letter of credit transactions, the uniform customs
and practice for documentary credits (UCP), sources of trade financing, and
other topics related to finance. Interview someone involved in international
finance at your company. Prepare a paper evaluating the various methods of
financing and the risks of financial transactions when buying and selling goods
and services to foreign countries.
In addition, research the documents involved in
international transactions. Provide the names and purposes of the most
important documents. Analyze the legal requirements for these documents. Relate
the use of Incoterms to import and export contracts. Considering the audience
of your practical guide, include copies of documents for reference in your
guide.
The final part of this module’s paper should address the
transportation of goods. What laws govern the transportation of goods from one
country to another? Analyze the roles and responsibilities of the buyer,
seller, carrier and freight forwarder? Evaluate which party is liable in the
event goods are damaged in transit. Interview someone from risk management at
your company to obtain information related to insurance and risk management.
Also, analyze how finance, documents, and logistics are
affected by culture, ethics, and e-commerce. Make note of any pending
regulations or laws that could affect your company in the future.
Write a 2-4 page paper showing your research on finance,
documentary requirements, and logistics. Include links, references, and sources
you have used and follow the proper guidelines for citing legal texts. Also
provide a statement regarding which specific topics related to your research
would be appropriate for inclusion in the International Business Law and
Practices Guidelines document you are developing. Provide a rationale for your
decisions.
Present your work in Microsoft Word document format.
