online event
How to: Manage risk and get paid when selling overseas
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Learn how to navigate the risks around payment when exporting your goods and services. We will also cover some key areas of concern for both sellers and buyers before discussing contract performance.
What you’ll learn
- learn how to navigate the payment risks of international sales with confidence
- learn how to manage risks associated with currency exchange
- how to access possible support available through UK Export Finance (UKEF)
Description
This session is designed for goods and services companies concerned with payment risks.
We will begin by identifying key concerns for sellers and buyers, focusing on the export cycle and contract performance. Using the 'payment risk ladder,' we'll explore various payment options like letters of credit and open accounts, discussing their implications for contract negotiations.
We'll also address currency exchange considerations and strategies to mitigate these risks.
Finally, we'll highlight services from UK Export Finance (UKEF), the UK's export credit agency, that can help you access more opportunities and provide best practice recommendations.
Speakers
Irina Shmakova
UK Export Academy Adviser, Department for Business and Trade
Irina has worked in the private and public sectors, both in the UK and overseas. She has helped businesses of all sizes to develop their sales overseas, working across multiple sectors and markets.
With a particular interest in international market research, international communications and cultural awareness, Irina has led delegations of UK businesses on market visits and trade missions organised by Chambers of Commerce and DBT.