| 1.
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Describe three classifications of international trade risks
(commercial risks, political risks, foreign exchange risks) and
insurance options available as protection form those risks. (I)
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| 2.
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Describe and evaluate the primary methods of payment including cash in
advance, open account, sight and time drafts, and letters of credit.
(I)
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| 3.
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Evaluate the risks for the buyer and seller, how and when each payment
method should be used, how to establish a buyer's credit rating, and
how to determine the amount of credit to offer. (II)
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| 4.
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Name and describe the sources of export financing that are available,
including state, local, federal, and commercial banking programs. (II)
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| 5.
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Evaluate the various methods of financing export transactions,
including their availability and cost. (II)
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| 6.
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Explain the mechanics, terminology, conditions and payment terms of
the several types of letters of credit. (III)
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| 7.
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Describe terms for negotiating an irrevocable letter of credit. (IV)
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| 8.
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Outline role of foreign freight forwarder. (IV)
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| 9.
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Outline documentation needed for most export shipments. (IV)
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| 10.
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Outline a typical letter of credit transaction. (V)
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| 11.
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Describe common errors when using letters of credit. (V)
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| 12.
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Interpret hazards of dealing in foreign currency. (V)
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| 13.
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Define country risk analysis. (V)
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