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

Expansion of international trade, Q. Even though it is very clear in the c...

Q. Even though it is very clear in the context of the Specific Factors model that an expansion of international trade will make losers as well as winners, economists still claim t

Documentary collection used in international trade, Question: Tire Co L...

Question: Tire Co Ltd, a Mauritian company, is engaged in the import and distribution of tyres from TZ Co Ltd established in Mozambique. Tire Co Ltd trades since 10 years under

What are the rationales for interest and currency swaps, Question : (a)...

Question : (a) What are the rationales for interest and currency swaps? (b) Suppose a Swiss firm, SandyCom Ltd, wants to invest in the U.S. The Swiss firm needs US dollars

Process of monetary unification, Q. "Given that labor remains relatively im...

Q. "Given that labor remains relatively immobile within Europe, the European Union's success in liberalizing its capital flows may have worked perversely to worsen the economic sta

Reverse effect on terms of trade, Q. An export subsidy has the reverse eff...

Q. An export subsidy has the reverse effect on terms of trade to the effect of an import tariff. Domestically a tariff will raise the price of the import good, deteriorating the

International trade, why is international trade important for south africa

why is international trade important for south africa

SRC, What does SRC stand for?

What does SRC stand for?

How were the initial members of emu chosen, Q. How were the initial members...

Q. How were the initial members of EMU chosen? How will new members be admitted? What is the structure of the complex of financial and political institutions that govern economic

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