International trade, International Economics

Assignment Help:

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?


Related Discussions:- International trade

Extensions and tests of the classical model of trsde, #question.suppose tha...

#question.suppose that France has a trade surplus with the United Kingdom. What would you expect to happen to price, wages, and commodity price in France? why? What would happen to

Resarch paper, i need to do term paper international economics related. the...

i need to do term paper international economics related. the paper have to be empirical paper. Writing an Empirical Paper in APA Style 1- Title Page 2- Abstract 3- Introduction 4-

Trade theory, discuss the possibility of trade if factor endowment are iden...

discuss the possibility of trade if factor endowment are identical and tasde is different

How much steel could the firm sell domestically, Q . While selling exports...

Q . While selling exports it could also maximize its domestic sales by equating its marginal (opportunity) cost to its marginal revenue of $5. How much steel could the firm sell

Benefits enjoyed by indian companies, "1. Describe the important benefits e...

"1. Describe the important benefits enjoyed by Indian companies through TRIPs. Elaborate the main objectives of WTO in global economy. 2. "Leontiff paradox is proved in the Indian

Explain why a london eurobank has a competitive advantage, Q. Expla...

Q. Explain why a London Eurobank has a competitive advantage over a bank in New York in attracting dollar deposits. Answer: It is able to pay more because the London ba

Land- and labor-intensive, Q.. "A good cannot be both land- and labor-inte...

Q.. "A good cannot be both land- and labor-intensive." Discuss. Answer: In a two good or two factor models for instance the original Heckscher-Ohlin framework and the factor

Capital account liberalization, Q. "Trade liberalization could preced...

Q. "Trade liberalization could precede capital account liberalization." Discuss. Answer: It is probably true. The issue is associated to the theory of second best and

Ricardos classic demonstration of the effects and sources, Q. It is argued...

Q. It is argued that the United States could be foolish to maintain a free-trade stance in a world in which all other countries exploit prisoner or child labor, or are protectioni

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd