International trade, International Economics

International business involves the management of international risk. To minimize risks commercial parties utilize independent guarantees and standby letters of credit.

(a)  Discuss and compare independent guarantees and standby letters of credit, their use and significance in international trade.

(b)  Discuss and compare the URDG (Uniform Rules for Demand Guarantees) and the ISP98 (International Standby Practices). Which would you advise a commercial party to use in international trade, and provide reasons?

(c)  The United Nations Convention on Independent Guarantees and Standby Letters of Credit (Convention) has been adopted by eight nations. Compare the operation of the Convention with the URDG and the ISP98. Should [Australia] ratify the Convention?

Posted Date: 2/20/2013 6:03:30 AM | Location : United States







Related Discussions:- International trade, Assignment Help, Ask Question on International trade, Get Answer, Expert's Help, International trade Discussions

Write discussion on International trade
Your posts are moderated
Related Questions



Q. Using the DD - AA framework, show the phenomenon of overshooting.  Use a figure to explain when it is taking place. Answer: The figure below illustrates the phenomenon of ov

Q. Economic theory in general and trade theory in particular are replete with equivalencies. For illustration, it is argued that for any specific tariff one can search an equival


how does the buying and selling of stock fit the model for perfect competition