Course Overview
This course enables professionals and managers involved in importing or exporting to protect the company from many risks associated with international deals, shipment acceptance, non-payment, and political interference with revenue repatriation. The course familiarizes students with the risk management tools such as importer financing and insurance offerings available from a variety of public and private sources.
Prerequisite(s)
Credits
1.5
- Not offered this term
- This course is not offered this term. Notify me to receive email notifications when the course opens for registration next term.
Learning Outcomes
Upon successful completion, the student will be able to:
- Describe the business and regulatory constraints and risks likely to be encountered in international trade.
- Describe how a Canadian company would evaluate its preparedness to export to or enter a foreign market.
- Describe how a Canadian company would prepare for and conduct a negotiation over international payment methods, terms, and beneficial incoterms in order to maximize net returns and minimize risks.
- Describe how a Canadian company would protect itself in advance from non-payment risks.
- Describe the common causes of international trade disputes (payment issues, shipment acceptance, and so on) and the best methods of prevention or mitigation using resources (Letter of Credit, Importer financing etc.) available from their banks or agencies such as Export Develop Canada (EDC) to protect themselves in international transactions.
Effective as of Fall 2021
Related Programs
Import and Export Procedures and Risk Management (GTTM 4335) is offered as a part of the following programs:
- Indicates programs accepting international students.
- Indicates programs eligible for students to apply for Post-graduation Work Permit (PGWP).
School of Business + Media
- Global Supply Chain Management
Diploma Full-time
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