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 International Legal Systems and Liabilities

Description should include

- ways title and insurance are used as leverage in global negotiations
- basic elements of insurance coverage
  - declaration
  - insuring agreement
  - conditions
  - exclusions
  - endorsements
- 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, and for whom, is marine insurance important?
- How can management monitor international business risks?
- How is ownership transferred in global transactions?
- What role does insurance play when U.S.-based businesses are doing business overseas?
- What does the Overseas Private Investment Corporation do?