Title: (Optional) Describe the importance of title and insurance as elements of negotiations and contractual agreements.
Course: Opportunities in Global Trade, Advanced (12056-II) > Section: Examining Warehousing and Distribution Strategies

Description should include the ways in which title and insurance are used as leverage in global negotiations.

Description should also include the basic elements of insurance coverage (declaration, insuring agreement, conditions, exclusions, endorsements), and the major types of insurance coverages for international business activities (marine insurance, property insurance, credit risk insurance).

Process/Skill Questions:

- What is the importance of risk reduction for a multinational corporation?
- What are the elements of an insurable risk?
- What is the purpose of an endorsement?
- Why is marine insurance important?
- How can management monitor international business risks?
- How is ownership transferred in global transactions?
- What does the Overseas Private Investment Corporation do?