Definitions[ edit ] Firefighters at work The Oxford English Dictionary cites the earliest use of the word in English in the spelling of risque from its from French original, 'risque' as ofand the spelling as risk from It defines risk as: Exposure to the possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or situation involving such a possibility. This definition, using project terminology, is easily made universal by removing references to projects.
Introduction Export pricing is the most important factor in for promoting export and facing international trade competition.
It is important for the exporter to keep the prices down keeping in mind all export benefits and expenses. However, there is no fixed formula for successful export pricing and is differ from exporter to exporter depending upon whether the exporter is a merchant exporter or a manufacturer exporter or exporting through a canalising agency.
Like any business transaction, risk is also associated with good to be exported in an overseas market. Export is risk in international trade is quite different from risks involve in domestic trade.
So, it becomes important to all the risks related to export in international trade with an extra measure and with a proper risk management. The various types of export risks involve in an international trade are as follow: Credit Risk Sometimes because of large distance, it becomes difficult for an exporter to verify the creditworthiness and reputation of an importer or buyer.
Any false buyer can increase the risk of non-payment, late payment or even straightforward fraud. So, it is necessary for an exporter to determine the creditworthiness of the foreign buyer. An exporter can seek the help of commercial firms that can provide assistance in credit-checking of foreign companies.
Poor Quality Risk Exported goods can be rejected by an importer on the basis of poor quality.
So it is always recommended to properly check the goods to be exported. Sometimes buyer or importer raises the quality issue just to put pressure on an exporter in order to try and negotiate a lower price.
So, it is better to allow an inspection procedure by an independent inspection company before shipment. Such an inspection protects both the importer and the exporter.
Inspection is normally done at the request of importer and the costs for the inspection are borne by the importer or it may be negotiated that they be included in the contract price.
Alternatively, it may be a good idea to ship one or two samples of the goods being produced to the importer by an international courier company.
The final product produced to the same standards is always difficult to reduce.The site covers latest news, articles, caselaws on Life Insurance, General Insurance, Health Insurance, Crop Insurance, Insurance Claims, Risk Management, Ulip Nav, Insurance Statistics, Insurance Training.
It also covers Grievances and Complaint procedures, insurance institute of india. Insurance Industry Risk and Compliance Hyderabad, 26th April, CA P R RAMESH. Agenda 1. Introduction 2.
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According to the definition by The Council of Supply Chain Management Professionals, logistics is the “process of planning, implementing, and controlling procedures for the efficient and effective transportation and storage of goods including services, and related information from the point of origin to the point of consumption for the purpose of conforming to customer.
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The purpose of this page is to define flood zones, a commonly used term in floodplain management. Definition/Description. Flood hazard areas identified on the Flood Insurance Rate Map are identified as a Special Flood Hazard Area (SFHA).