Maricopa Community Colleges  IBS111   19946-19975 
Official Course Description: MCCCD Approval: 04/26/94
IBS111 19946-19975 LEC 1 Credit(s) 1 Period(s)
Risk Management and Loss Control
Covers shipping and delivery alternatives with emphasis on pro-formas, estimated shipping, insurance costs, INCO shipping terms and international terms of sale, standard carrier containers, inland, air and ocean freight services, best and fastest way to ship, export packing costs. Prerequisites: None.
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MCCCD Official Course Competencies:
 
IBS111   19946-19975 Risk Management and Loss Control
1. Define international risk as it relates to exporters. (I)
2. Outline the formula of an international country, business or personal risk. (I)
3. State basic cultural differences relating to overseas travel. (I)
4. Identify most common mistakes of exporting corporations. (I)
5. Identify the three classifications of international trade risk: commercial, political and foreign exchange. (II)
6. Describe and evaluate the primary methods of payment including open account cash in advance, letters of credit, and bank drafts. (II)
7. Analyze the reasons for export controls. (III)
8. Identify which countries are "safe" trading partners. (III)
9. Identify potentially illegal export schemes. (III)
10. Demonstrate practical knowledge of export laws as they apply to national security, foreign policy, and short supply of domestic products. (III)
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MCCCD Official Course Outline:
 
IBS111   19946-19975 Risk Management and Loss Control
    I. International Risk Management
        A. Comprehensive overview
          1. Political, legal, cultural
          2. Health, financial, environmental
        B. Worldwide insurance services
          1. Liability, coverages
          2. Medical, financial
        C. Business travel
          1. Cultural
          2. Carnets
        D. Common mistakes
      II. International Finance and Collection Risks
          A. Commercial risks
          B. Sources of credit information
          C. Insuring against international risk
            1. Foreign Credit Insurance Association (FCIA)
            2. Overseas Private Investment Corporation (OPIC)
            3. Transportation
            4. Letters of credit (L/C)
        III. Export Compliance and Regulations
            A. Government concerns
            B. Document requirements
            C. Types of licenses
            D. Documentation and enforcement
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