Describe some of the risks that an air shipment faces.

Submit your responses to the questions below (taken from the textbook’s questions for discussion and review). Chapter 9: Question 1 – There are three types of invoices mentioned in this chapter. Explain each one of them and tell which is truly an invoice and which is not. Question 3 – What documents are necessary for exporting from the United States? Question 7 – What are the advantages of conducting international trade using electronic document transmissions, such as EDI, Bolero, and TradeCard? Chapter 10: Question 1 – Describe some of the risks that an ocean shipment faces. Question 2 – Describe some of the risks that an air shipment faces. Question 5 – What possible risk management strategies can an exporter/ importer follow? Explain each strategy’s advantages and disadvantages from the perspective of a small exporter. Question 8 – Explain the concept of international credit insurance and explain how it is possible to contract a policy covering commercial and political risks.