International Trade and Inherent Risks

Abstract

Ever since World War II there has been a considerable increase in world trade between independent sovereign states. In international trade, importers and exporters are quite often confronted with problems arising from the movements of goods from one country to another and are simultaneously subject to the different legislation, customs and practices of these countries. Importers and exporters have certain concerns such as:

Exporters want to be certain that they are paid when their goods have been shipped or dispatched because the goods will be out of their control.