RISK AND INSURANCE IN INTERNATIONAL TRADE

Course Contents:
Module I: Risk Management Overview Concept of Business Risk Meaning of Business Risk Nature of Business Risk Causes of Business Risk Types of Business Risk including International Risk Module II: Identification of Risk Sources of Risk Measurement of Risk Kinds of exposures Module III: Types of Risk Political Risk Credit Risk Interest Rate Risk Transport Risk Foreign Exchange Risk Module IV: Evaluation of Risk Evaluation of exposures Basic strategies for evaluation of Risk Exercise on evaluation of Risk Module V: Mitigating Risk Management Payment Risk UCP 600 Cases URC 522 Cases Module VI: Marine Insurance Concept of Marine Insurance Content of Marine Policy Laws governing Marine Insurance Kinds of Losses Need for cargo Insurance Principles Governing the Contract of Insurance Types of Insurance Documents Risks Coverage Claim Procedures Liability Insurance Module VII: Modern Techniques of Risk Management Concept of Risk Management Techniques Identifying Risk Management Techniques Types of Techniques Module VIII: Developing Strategies for Alternatives Risk Management Alternatives Strategy Development and Implementation

Business Risk Types of Business Risk International Risk Sources of Risk Measurement of Risk Kinds of exposures Political Risk Political Risk Political Risk Credit Risk Credit Risk Credit Risk Credit Risk Interest Rate Risk Interest Rate Risk Interest Rate Risk Foreign Exchange Risk Foreign Exchange Risk Foreign Exchange Risk Foreign Exchange Risk Transport Risk Management Transport Risk Management Evaluation of Risk Exercise on evaluation of Risk Mitigating Risk Management UCP 600 Cases URC 522 Cases Marine Insurance Principles Governing the Contract of Insurance Marine Insurance Marine Insurance

? Meaning ? Nature ? Relevance & Importance

? Country Risk and Sovereign Risk ? Types of Country Risk ? Country Risk Rating ? Trade and Investment Barrier ? Analysis of Political Risk ? Calculating Political Risk ? Managing Risks in International Business ? Types of lending ? Credit Risk Management Process ? Credit Documentation ? Credit Administration ? Credit Management and Credit Insurance ? Monitoring and Control of Individual Credits ? Credit Risk Management Process in Business Organizations ? Credit Insurance ? Bad Debt Protection ? Factoring and Forfaiting ? Credit Limit ? Credit Risk of Payment Procedures ? The nature and measurement of interest rate exposure ? Measuring Exchange rate exposure ? Gap Analysis ? Average Life Method ? Sensitivity Analysis ? Managing Interest Rate Risk ? Forwards ? Futures ? Swaps ? Options ? Embedded options ? Caps ? Floors ? Collars ? Overview of the foreign exchange markets ? Identifying and assessing foreign exchange risk ? Evaluating foreign exchange rate risk ? Managing foreign exchange risk ? Foreign exchange risk management instruments ? Types of Risks & exposures for corporates, exports, imports, borrowing, competitions ? Measurement and quantifying of Risks ? Transport Insurance ? Scope of Coverage ? Transport Risk Management ? Risk Assessment ? Prioritizing Transportation Risk ? Information Management Evaluation of exposures Basic strategies for evaluation of Risk

Payment Risk

Kinds of Losses Need for cargo Insurance

Concept of Marine Insurance Content of Marine Policy Laws governing Marine Insurance Types of Insurance Documents Risks Coverage

Marine Insurance Concept of Techniques Identifying Techniques Risk Risk Management Management

Claim Procedures Liability Insurance

Types of Techniques Risk Management Alternatives Strategy Development Implementation and