We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Global Trade Operations - Essay Example

Comments (1) Cite this document
Summary
International trade is one of the greatest contributors in the development of any country. However, due to the differences in rules and regulations, it becomes fundamentally vital to develop a framework of guidelines that are generally acceptable by the international trading community. …
Download full paper
GRAB THE BEST PAPER
Global Trade Operations
Read TextPreview

Extract of sample
Global Trade Operations

Download file to see previous pages... The International Commercial Terms (Incoterm) are rules and regulations that govern international trade because when two parties are involved in international trade disputes or misunderstanding may arise hence making Incoterm a central component in the development of international trade across the globe (Branch 2009, p.4). The International Chambers of Commerce (ICC) established these guidelines in the year 1936. However, they have greatly evolved since that time. The main aim of these international trade guidelines is to spell out the legal obligation of the two parties involved in the trade. Additionally, this minimizes misunderstandings and conflict between the two parties. International trade can prove difficult when the two parties face obstacles such as language barrier and other limitations. This makes the International Commercial Terms (Incoterm) a very important aspect of the trade. The International Commercial Terms (Incoterm) apply globally hence making them generally acceptable by all countries. The contract of the sale of goods is the area of focus in the International Commercial Terms (Incoterm). Additionally, the International Commercial Terms (Incoterm) covers all the aspects of transportation of goods, obligation of both parties and other requirements such as insurance. The International Commercial Terms (Incoterm) entails eleven terms that are fundamental in international trade. Furthermore, these terms fall under four major divisions these include “C” terms “D” terms “E” terms and “F” terms. The seller or exporter has to follow the International Commercial Terms (Incoterm) in order to complete a successful business transaction. Additionally, the procedures under International Commercial Terms (Incoterm) follow each other sequentially and in order of the degree of responsibility. However, one can better understand the terms used in the International Commercial Terms (Incoterm) when using a typical example of a business transaction between an importer and an exporter hence making the application of these terms relevant. An international business transaction has to involve two different countries and in order to use all the applicable procedures in the International Commercial Terms (Incoterm) it is important to use two different countries that are not on the same bloc due some waivers, trade agreements and other issues like memorandum of understanding Description of the business Transaction The main business transaction that is most appropriate and fits the criteria of the International Commercial Terms (Incoterm) is importation and exportation of Japanese cars. This has been a very successful trade between Japan and other countries of the world. Additionally, most of the cars manufactured in the world come form Japan hence making a study on how the business transactions take place very informative. However, one main reason as to why this particular trade meets the criteria is that very many legal formalities are involved in the importation and exportation of vehicles from one country to another. Additionally, this kind of trade deals with incredibly many different nationalities hence providing readily available information that is useful. However, several countries have different rules and regulations that govern the importation of cars. For instance, in other countries one cannot import a car that is more than eight years old or the vehicle must be in a certain condition. All these rules and regulations involved when importing or exporting a vehicle make the trade more sophisticated. Countries involved in the business transaction The two main countries that we are going to focus on are the United ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Global Trade Operations Essay Example | Topics and Well Written Essays - 2250 words”, n.d.)
Retrieved from https://studentshare.org/business/1393242-global-trade-operations
(Global Trade Operations Essay Example | Topics and Well Written Essays - 2250 Words)
https://studentshare.org/business/1393242-global-trade-operations.
“Global Trade Operations Essay Example | Topics and Well Written Essays - 2250 Words”, n.d. https://studentshare.org/business/1393242-global-trade-operations.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
za
zackerylynch added comment 8 days ago
Student rated this paper as
This essay was always my weak point. I could never finish it on time. Still, after I found this precise essay, I understood how it should be completed. So, I performed my research afterward and completed the essay in several hours, instead of weeks as it was previously.
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
International Trade Operations
The paper throws light on the international trade as the exchange of goods and services across the worldwide borders or provinces. The significant factors affecting international trade can be identified as continuous industrialization, advanced transportation, increased tariff rates and launching of markets by WTO among others.
4 Pages(1000 words)Essay
International Trade Operations in US
The research is to investigate the rate parity theory and how it is used to predict future exchange rates; calculation of the current Forward Exchange Rate for the US and Egypt and relationship between monetary policy, interest rates, and exchange rates. With a very good knowledge on exchange rate therefore, it puts one at a very good position to having fair trade and also giving off fair trade to clients.
6 Pages(1500 words)Essay
Is WTO a Necessasity for Global Trade
In conclusion, this paper agrees that the WTO is a necessity to the modern day global trade, which has become too competitive in different aspects. This competitiveness have led to some compromises in business and trade operations and thus the need for a neutral, independent, international body to regulate the trade operations without fear and favourism.
13 Pages(3250 words)Essay
An interest group
What is the name of your interest group? You need to make this catchy so as to get people’s attention. A slick acronym works best.  ?What is the issue that your group concerned with?  ?How are you going to organize and mobilize? In other words, how are you going to get people to join your group?
4 Pages(1000 words)Essay
Global Trade Operations
International trade opens new market for many companies across the world that could not have been accessed in domestic market. Therefore, international trade has helped many companies to increase their sales significantly. In many countries, value of goods transacted through the international trade has significantly increased.
8 Pages(2000 words)Essay
International trade Operations individual 5
While free trade focuses more on large corporations and countries, fair trade focuses more on the marginalized people and small companies. For a business to succeed in the international trade, it must have a good corporate management strategy. There are many things that may have an effect on the business international markets.
4 Pages(1000 words)Essay
Global Trade
The process of economic globalization has arguably been an enormous boost to many of the advanced countries of the world. However, there is strong evidence that globalization and free trade has enabled the developed world to take advantage of the resources and markets of the developing world without providing the benefits of real economic development to those countries.
9 Pages(2250 words)Essay
The Global Drug Trade
Advances in communications and transportation, as well as increases in international trade and economic relations, have contributed to the development of a global drug network. Over the past 20 years, the trafficking of illegal drugs has undergone significant change with both the production and consumption of drugs reflecting global economic realities.
5 Pages(1250 words)Essay
Global Trade operations
It is from the customs that any other necessary statistics are carried out and the movement for delivery
3 Pages(750 words)Essay
Global Operations Management
Precision Parts based in Wagga Wagga, has grown rapidly and currently dominates the market of Australia with a total market share of 85%. In the past five years the company had 125 people, who were engaged in making three
5 Pages(1250 words)Essay
Let us find you another Essay on topic Global Trade Operations for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us