MCCCD Program Description

Risk Management and Loss Control

Course: IBS111

First Term: 1997 Fall

Lecture 1 Credit(s) 1 Period(s) 1 Load
Subject Type: Occupational
Load Formula: S

Description: Covers transportation and delivery alternatives focused on risk and loss reduction with emphasis on: pro-formas, invoices, estimated shipping, insurance methods, INCO terms (International Terms of Sale), container transportation options; inland, air and ocean freight services, best and fastest way to ship, export packing

MCCCD Official Course Competencies
1. Define international risk as it relates to exporters. (I) 2. Outline the formula of an international country, business or personal risk. (I) 3. State basic cultural differences relating to overseas travel. (I) 4. Identify most common mistakes of exporting corporations. (I) 5. Identify the three classifications of international trade risk: commercial, political and foreign exchange. (II) 6. Describe and evaluate the primary methods of payment including open account cash in advance, letters of credit, and bank drafts. (II) 7. Analyze reasons for export controls. (III) 8. Identify which countries are safe trading partners. (III) 9. Identify potentially illegal export schemes. (III) 10. Demonstrate practical knowledge of export laws as they apply to national security, foreign policy, and short supply of domestic products. (III) 11. Utilize internet connections to gather information about country risk factors from USDOC and the State Department. (III) 12. Identify and explain common marine insurance coverages. (IV) 13. Identify strategies for container transportation. (III)
MCCCD Official Course Competencies must be coordinated with the content outline so that each major point in the outline serves one or more competencies. MCCCD faculty retains authority in determining the pedagogical approach, methodology, content sequencing, and assessment metrics for student work. Please see individual course syllabi for additional information, including specific course requirements.

MCCCD Official Course Outline
I. International Risk Management A. Comprehensive overview 1. Political, legal, cultural 2. Health, financial, environmental 3. Intellectual Property Rights B. Worldwide insurance services 1. Liability, coverages 2. Medical, financial C. Business travel 1. Cultural 2. Carnets D. Common mistakes II. International Finance and Collection Risks A. Commercial risks B. Sources of credit information C. Insuring against international risk 1. Foreign Credit Insurance Association (FCIA) 2. Overseas Private Investment Corporation (OPIC) 3. Transportation 4. Letters of credit (L/C) III. Export Compliance and Regulations A. Government concerns B. Document requirements C. Types of licenses D. Documentation and enforcement E. Internet sources of information F. Strategies for container transportation IV. Marine Insurance A. All risk and optimal provisions B. General average C. Time frames

MCCCD Governing Board Approval Date: 10/22/1996

All information published is subject to change without notice. Every effort has been made to ensure the accuracy of information presented, but based on the dynamic nature of the curricular process, course and program information is subject to change in order to reflect the most current information available.