This paper constitutes a review of the most important aspects of commercial risks arising from charterparties, operations and claims issues. That means the risks allocated between the shipowner and the charterer throu...This paper constitutes a review of the most important aspects of commercial risks arising from charterparties, operations and claims issues. That means the risks allocated between the shipowner and the charterer throughout the chartering process （pre-fixture, fixture, execution of charter, post-fixture, claims handling）, from a financial, operational and legal perspective. The interpretation of the above mentioned matters is considered of critical importance in chartering practice. The analysis is seen from a commercial stand point. Therefore, it is mostly addressed to the shipping practitioners, maritime economists, academics, students and researchers who seek to form a comprehensive view on the subject. It may also form a basis for further study on chartering aspects （legal, economic, managerial and practical）.展开更多
Economy globalization inevitably requires financial globalization. The interest rate （IR） is decided by the market, which will bring about IR risks to commercial banks （CBs）. This paper discusses the inevitability...Economy globalization inevitably requires financial globalization. The interest rate （IR） is decided by the market, which will bring about IR risks to commercial banks （CBs）. This paper discusses the inevitability of fulfilling market IR in China and what IR risks Chinese CBs have to burden. It also analyzes the formation causes of IR risks from the exterior and the interior aspects.展开更多
Integrated risk management becomes gradually mainstream in worldwide. With China being a member of WTO, it put forward a higher requirement for risk management of Chinese commercial banks. So, it＇s of theoretical and...Integrated risk management becomes gradually mainstream in worldwide. With China being a member of WTO, it put forward a higher requirement for risk management of Chinese commercial banks. So, it＇s of theoretical and practical meaning to study the integrated risk management of Chinese commercial banks. Under the guidance of integrated risk management, it pointed out the identification scope, analysis methods and systematic control strategies of risk management in Chinese commercial banks.展开更多
Rapid internationalization of economic activities following the Second World War has generated an unprecedented increase in international trade and capital flows. For example, only during 1963-1993, exports rose from ...Rapid internationalization of economic activities following the Second World War has generated an unprecedented increase in international trade and capital flows. For example, only during 1963-1993, exports rose from 157 billion to 3.774 billion dollars. Also the flows of foreign direct investment （FDI） have grown exponentially. Although FDI flows are concentrated on developing countries, 80% being targeted towards 10 countries, capital flows towards the Third World have quadrupled only between 1990 and 1993. This trend towards a truly international economy influences also on how companies do business. International business environment provides many opportunities, as well as threats. Romanian companies need to align to this trend. In addition to identifying new opportunities to do business in foreign markets, they have to deal with specific risks, which they did not have to face when working internally. In this context, we consider necessary to launch an investigation, whose main objective would be analyzing the manner in which Romanian companies manage risks specific to international economic affairs. As the complexity of these businesses is great, and the majority of Romanian companies, in their attempt to internationalize, use classical forms of export-import, the analysis took into account only the export activity undertaken by Romanian companies. We mention that we did not take into account the determination of the exposure to these risks of the companies concerned, but an analysis of the management of those risks. For this analysis, data were collected based on the administration of a questionnaire, and these data were used to develop an econometric model analysis. The specific methods of risk analysis of specific export transactions are then interpreted using the GLOBE model.展开更多
文摘This paper constitutes a review of the most important aspects of commercial risks arising from charterparties, operations and claims issues. That means the risks allocated between the shipowner and the charterer throughout the chartering process （pre-fixture, fixture, execution of charter, post-fixture, claims handling）, from a financial, operational and legal perspective. The interpretation of the above mentioned matters is considered of critical importance in chartering practice. The analysis is seen from a commercial stand point. Therefore, it is mostly addressed to the shipping practitioners, maritime economists, academics, students and researchers who seek to form a comprehensive view on the subject. It may also form a basis for further study on chartering aspects （legal, economic, managerial and practical）.
文摘Economy globalization inevitably requires financial globalization. The interest rate （IR） is decided by the market, which will bring about IR risks to commercial banks （CBs）. This paper discusses the inevitability of fulfilling market IR in China and what IR risks Chinese CBs have to burden. It also analyzes the formation causes of IR risks from the exterior and the interior aspects.
文摘Integrated risk management becomes gradually mainstream in worldwide. With China being a member of WTO, it put forward a higher requirement for risk management of Chinese commercial banks. So, it＇s of theoretical and practical meaning to study the integrated risk management of Chinese commercial banks. Under the guidance of integrated risk management, it pointed out the identification scope, analysis methods and systematic control strategies of risk management in Chinese commercial banks.
文摘Rapid internationalization of economic activities following the Second World War has generated an unprecedented increase in international trade and capital flows. For example, only during 1963-1993, exports rose from 157 billion to 3.774 billion dollars. Also the flows of foreign direct investment （FDI） have grown exponentially. Although FDI flows are concentrated on developing countries, 80% being targeted towards 10 countries, capital flows towards the Third World have quadrupled only between 1990 and 1993. This trend towards a truly international economy influences also on how companies do business. International business environment provides many opportunities, as well as threats. Romanian companies need to align to this trend. In addition to identifying new opportunities to do business in foreign markets, they have to deal with specific risks, which they did not have to face when working internally. In this context, we consider necessary to launch an investigation, whose main objective would be analyzing the manner in which Romanian companies manage risks specific to international economic affairs. As the complexity of these businesses is great, and the majority of Romanian companies, in their attempt to internationalize, use classical forms of export-import, the analysis took into account only the export activity undertaken by Romanian companies. We mention that we did not take into account the determination of the exposure to these risks of the companies concerned, but an analysis of the management of those risks. For this analysis, data were collected based on the administration of a questionnaire, and these data were used to develop an econometric model analysis. The specific methods of risk analysis of specific export transactions are then interpreted using the GLOBE model.
