some recommendations to strengthen risk management at COMA-IMEX

Trần Minh Phương – CQ503768 – Business English 50A

TABLE OF CONTENTS

TABLE OF ABBREVIATIONS............................................................................

TABLE OF FIGURES ..........................................................................................

Trần Minh Phương – CQ503768 – Business English 50A

TABLE OF ABBREVIATIONS

COMA-IMEX

Construction Machinery Corporation – Import Export

Centre

L/C Letter of Credit

Incoterms International Commercial terms

UCP

The Uniform Customs and Practice for documentary

credits

WTO World Trade Oganization

ISBP International Standard Banking Practice

E/R Earning/Revenue

T/T Telegraphic Transfer

D/P Documents against payment

D/A Documents against acceptance

CIF Cost & Insurance & Freight

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Trần Minh Phương – CQ503768 – Business English 50A

TABLE OF FIGURES

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Trần Minh Phương – CQ503768 – Business English 50A

EXECUTIVE SUMMARY

International payment nowadays is very important yet risky. Risk management

is issue which managers pay much attention to, especially managers of import-export

firms.

The purpose of this study is to detemine the financial risks and commercial

risks which COMA-IMEX, an import-export enterprise now facing with and what

feasible solutions COMA-IMEX should take to solve them.

The report is divided into four chapters.

In chapter 1, the researchers give a brief presentation on the establishment and

development of Construction Machinery Import Export Center (COMA-IMEX) and

introduction about their functions, missions and the company’s structure. In additions,

there are overview of risk management at COMA-IMEX in recent years.

In chapter 2, the researchers present theoretical framework which is supported

to the report. This chapter covers key terms and definitions of risk management, types

and classification of risks, etc.

Then, in chapter 3, by doing research of financial status and business statement

of COMA-IMEX, the researchers gives comments on reality of import/export

business at COMA-IMEX as well as COMA-IMEX’s achievement and failures.

Finally, in chapter 4, the researchers makes some recommendations to

strengthen risk management at COMA-IMEX

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