IB 150 Lecture Notes - Lecture 19: Marine Insurance, International Trade Administration, Negotiable Instrument
31 May 2017
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Document Summary
International financing: how to pay and get paid. International freight/shipping: how to get the goods to their destinations. International cargo insurance: how to protect oneself from losses during transit. Don"t chase orders, select a market and build up distribution network. Export management company (emc):export specialists who act as the international department, or the export marketing department for their client firms. Start exporting for a firm, then give back. Start exporting, emc continues the job to sell products on behalf of the firm. Strategies for entering a foreign market with emcs. Enter on small scale to reduce risks. Two forms of government-backed assistance prospective u. s. exporters can draw on for financing. Makes commercial banks more willing to lend cash to foreign enterprises. Lends money to foreign borrowers to purchase u. s. exports. Provided by foreign credit insurance association (fcia) Consists of private commercial institutions operating under the guidance of export-import. Provides credit insurance in case importer defaults in payment.
