Acquire an understanding of how to avoid pitfalls, tricks, and traps in international trade
Businesses across national borders and territories engage in international trade when there is a demand for or supply of a particular commodity or service. In many economies, this kind of trade makes up a significant percentage of total output (GDP). Although commerce across borders has long existed, it has only gained significance economically, socially, and politically in the last few centuries. When compared to domestic trade, foreign trade is a more involved procedure. Currency, government policies, economy, the justice system, laws, and markets are just some of the aspects that come into play when two or more states engage in commerce with one another. How to Avoid Pitfalls and Traps in International Trade certification is made available by Udemy to students who wish to learn how to avoid pitfalls, snares, and traps in international trade
How to Avoid Pitfalls and Traps in International Trade online training features 13 downloadable resources and a digital certificate after viewing 1.5 hours of video.
How to Avoid Pitfalls and Traps in International Trade online classes consist of case studies, bankruptcy, pitfalls, and traps, risk of using FOB, Letter of Credit, backdating, Article 14 of UCP500, triad syndicates, insurance for damaged goods, and how importing under CIF can be risky.
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Udemy
How to Avoid Pitfalls and Traps in International Trade certification course, the participant will get insights from real-life case studies on fraud and dangers experienced by exporters, importers, and merchants from the startling bankruptcy of the Hanjin shipping line. The aspirant will discover how using a letter of credit to pay for a genuine past shipment of goods can hurt the seller, how fake documents can cost a trade financier, and how backdating a bill of lading is fraud. The applicant will learn how the bank lost USD 1.2 Million due to noncompliance with the UCP, how triad syndicates defrauded exporters, how an exporter suffered losses under a confirmed letter of credit, how an importer was unable to claim for damaged goods under insurance in a CIF contract, how things can go wrong for both seller and buyer on a transaction using Incoterms DAP, and unexpected clauses in insurance policies for export import management.
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