Question 1 A new exporter client has approached you for advice on payment methods for a first time shipment of manufactured goods to an overseas country. As a financial consultant involved in international trade, explain, using examples, the potential risk(s) associated with different methods of payment to the client.
Question 2 INCOTERMS 2010 present the exporter and importer with a range of options designed to make the contract of sale acceptable to both parties. Discuss:
a) The main issues that need to be considered when determining the most suitable INCOTERM from both the exporters and importers perspective.
b) The main problems facing importers and exporters in relying on INCOTERMS in practise.
The assignment should be presented as a structured essay.
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