Solution-Describe how an organization can mitigate one risk

Describe how an organization can mitigate one risk

Assignment Help Project Management

Reference no: EM131230799

Question:

The text describes problems exporters have with letters of credit. Since letters of credit transactions are document-based, the slightest discrepancies between documents can snag a transaction.

In 200 to 300 words, describe how an organization can mitigate one risk in writing a letter of credit.

REFERENCE

David, P. (2013). International logistics: The management of international trade operations (4th ed.). Berea, OH: Cicero Books.

Chapter 5: International Contracts

Chapter 6: Terms of Trade or Incoterms Rules

Chapter 7: Terms of Payment

Verified Expert

This assignment talks about Letter of Credit. Importing and exporting involves risks. Exporters run the risk of buyers failing to pay for goods, while importers may risk paying but never receiving anything. Because of the distances involved, it may be difficult to resolve any disputes.One way of reducing the risks is to use a letter of credit - sometime known as ‘documentary credit. This assignment is prepared in MS word and it is about 200 words

Reference no: EM131230799

Questions Cloud

Credit default swap prices : Credit Default Swap Prices : - Explain why the failure of Lehman Brothers caused prices on credit default swap contracts to increase.

Discussion of the public reaction to other examples : Discussion of the public reaction to other examples of public art that supports your position. Examples of public art that, in your opinion, embody what is either good or bad about public art in general.

How the financial reform act of 2010 : Explain how the Financial Reform Act of 2010 attempted to reduce the risk in the financial system resulting from the use of credit default swaps.

Determine the main way the overall needs : Determine two (2) current needs and two (2) current uses of long-term care services. Determine the main way(s) the overall needs and uses of long-term care services have evolved over the past fifty (50) years.

Describe how an organization can mitigate one risk : Describe how an organization can mitigate one risk in writing a letter of credit - Since letters of credit transactions are document-based, the slightest discrepancies between documents can snag a transaction.

Determine dollar amount to be received by the counterparty : Determine the dollar amount to be received by the counterparty on this interest rate swap each year based on the assumed forecasts of LIBOR.

Analyze the challenges medicare faces : Analyze the challenges Medicare faces in terms of improving access to care, quality of care, and reducing the cost of care. Select at least four reputable articles per topic that address the challenges facing Medicare.

Determine the initial fee paid : Determine the initial fee paid, and also determine the expected payments to be received by Northbrook if LIBOR moves as forecasted.

Write a paper on the principles of information system : Write a paper on the Principles of Information System. Laptop is the topic I choose to pick to talk about. Ellaborate on LAPTOP. Must be two pages with a reference page a the third page.

User Account

All Pages

Describe how an organization can mitigate one risk

Reference no: EM131230799

Reference no: EM131230799

Questions Cloud

Reviews

Write a Review

Project Management Questions & Answers

Create a project schedule and align resources

Managerial roles and gap analysis

Questionaire on project management

Describe the market growth rate for product

Prepare a work plan and project schedule - gantt chart

Project risk management approach

Black-scholes options pricing model

Describe the features or characteristics of product

Write paper on inventory management system

Analysis of the overall project risk

Investment and performance analysis

Distribution strategy and project management

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT