International Trade Finance Essay Example | Topics and Well Written Essays - 2500 words

International Trade Finance - Essay Example This report looks into various aspects of international trade finance in relation to Stainless Cookware Ltd. The report will first analyse import/inward documents against payment collection in international trade since the company also engages in inward trade that requires inward financing and documentation. The report will also identify an appropriate banking product that Mr. Gupta, the director of the company can use to finance imports. The Incoterm that is currently used in the Saudi contract will also be evaluated, and recommendation will be given on whether another alternative may be used. Furthermore, the report will highlight how else the bank may protect the company. Advantages of invoicing using the USD will also be discussed while at the same time providing the three quotes alongside their sterling equivalent. This will demonstrate a deep application of international finance in the case study. There are also some documentation and other e-commerce financial aspects that can be used in international trade. Methods of payment in international trade will further be analysed. The Stainless Steel Cookware records its imports on documents against payment (DP) collection. The DP mechanism involves the release of import documents upon payment by the buyer. It is a crucial method of payment in international transactions which can enhance faster and effective payment for Stainless Steel Cookware. In this mechanism, the exporter asks the bank to present shipping and title documents to the importer only when he pays for the bill of exchange or draft. This is cash against documents, and it ensures that the importer pays for the goods as he takes possession of them (Carr & Stone, 2013). DP is therefore an effective method of payment for Stainless Steel Cookware because it ensures that the importers of its goods pay for their imports as

The best presents are those that cost the least Essay

The best presents are those that cost the least - Essay Example On the other hand, it has now become a social practice to give presents on birthdays, anniversaries, etc that is the reason that every other retail business is now putting efforts to showcase and sell a huge range of gifts. Such range of presents varies from baby toys to diamond necklaces, or in other words, shops offer gifts from a dollar to thousands of dollars. In such significance of presents, and especially in this era, people believe that expensive items can be the best presents to give to someone, or to acquire someone’s love and affection. Although gold and diamond have always remained a weakness of women, however, few people believe that sometimes, even a small greeting card can be the best present for someone rather than even a diamond ring. From a different perspective, people criticize that money cannot buy everything, especially love, and thus, feelings and emotions are the major factors that count more as compared with physical presents. Even from personal experiences, it is observation that sometimes a 1000-dollar present only brought temporary smiles, whereas, a handmade photo frame costing less than ten dollars made the whole day, and continued to bring smiles for rest of the life. In this regard, I believe that money does not matter when it comes to presents, but the feelings do. In other words, humans are emotional machines, and although these machines run after the notion of money and expensive things, however, during most times, emotional aspect of humans dominate the materialistic side that inclines individuals towards sentiments and feelings rather than cost of the present. Lastly, it will not be wrong to state that although expensive gifts can be attractive, exotic, and striking, but they usually result in temporary smiles and few moments of fun. On the other hand, real and best present can be something