An Indian company has signed a contract with a Mexican company to import footwear. It is the first time these companies are doing business together. Identify the insurance coverage the Indian company requires.

Your friend$$s company has approached you to consult on an exporting contract it is trying to secure$.$ The company is based in the U$.$K$.,$ and it wants to export cooling sunbeds to the Caribbean. Research the different Export Credit Agencies $($ECAs$)$ for the best fit for your friend$$s company. Explore the coverage it would need, the types of risks and premiums that would need to be covered, and weigh the pros and cons of obtaining a guarantee program from the selected ECA.