Question
1. You are a growing business based in Canada and exploring other countries to establish an export transaction. Describe about your company, product and services
1. You are a growing business based in Canada and exploring other countries to establish an export transaction. Describe about your company, product and services and choose a country that you would like to export your products. Explain why have you chosen a particular country? What research have you done in that country? (3 points, 1 page)
2. Pick 2 major risk (Political, economic, currency, default risk, industry risk etc) that you feel are most relevant for your business and how do you plan on mitigating it. (2 points, half a page)
3. What will be the business transactions? Which parties will be involved in signing of the contract and their role? (2 points, half a page)
4. How do you plan on involving ECA in your transaction and what will be the financial need from them? Do you plan on taking insurance from them? (2 points, half a page)
5. What delivery factors will be most relevant to your business and how do you plan on using them through out your business transaction. (2 points, half a page)
6. What is the preferred payment option that you have chosen and why? what is the frequency of payment that you expect importer to pay in and why? (2 points, half a page)
7. What kind of letter of credit do you expect importer to provide you and why? what bond/guarantee to do you plan on providing to exporter and why? ( 2 points, half a page)
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