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International Trade :world_map: - Coggle Diagram
International Trade
:world_map:
Risks International Trade
:red_flag:
Country risk
Political risk
Regulatory risk
credit risk
manage credit risk with appropriate payment methods
International trade settlement methods
Documentary Collections
Open account
Advance Payment
Letter of Credit :newspaper:
Governing Rules
:notebook_with_decorative_cover: ISBP 745
:orange_book: INCOTERMS 2020
:blue_book: UCP 600
:closed_book: ISP98
:green_book: URR 725
:notebook: EUCP V.2
Parties in LC Transaction
Nominated Bank :bank:
Confirming Bank :bank:
Advising Bank :bank:
Reimbursing Bank :bank:
Issuing Bank :bank:
Transferring bank :bank:
Common Documents :moneybag:
:bookmark: Draft / Bill of exchange :
:bookmark: Commercial Invoice
:bookmark: Certificate of Origin
:bookmark: Bills of Lading
:bookmark: Insurance Document
Currency risk
Balance of payment / Balance trade issues
Foreign exchange matters
Free trade agreements / tariffs
Country specific controls
Advantages / Competitive advantages
Trade sanctions & embargoes
$16 trillion Market
Barriers