their costs impact the ability of an exporter to enter a foreign market and potentially compete in both credit terms and pricing. ◆ See what organizations and resources are available for exporters to aid in managing trade risk and financing. ◆ Examine the various trade financing alternatives. The purpose of this chapter is to explain how international trade‚ exports and imports‚ is financed. The contents are of direct practical relevance to both domestic firms that just import and export and to multinational
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BP Oil Spill Background The British Petroleum Oil Spill incident is the largest in history that raises various issue environmental and ethical issues. On 20th of April 2010‚ an explosion of the drilling rig caused the oil spill close to the coast of Louisiana in the Gulf of Mexico‚ in which 11 employees were killed. It took around five months for the oil well to exert no further risk and be concealed‚ where many controversies arose throughout the period. BBC‚ 2010. Timeline: BP Oil Spill. BBC
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The debentures are having a great significance as a means of corporate financing. Through debentures‚ the company is enabled to have the capital without giving any control over their holders. There is a certainty of finance for a specific period and the company can adjust its financial plan accordingly By issuing the debentures‚ the company gets an opportunity to trade on equity. Consequently‚ it results in increasing the return for the equity shareholders. There are certain individuals and institutional
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Introduction: BP has been operating in Russia since the early 1990s. In 1997‚ it purchased a 10 per cent stake in Sidanco‚ the Russia’s 4th largest oil company. The stake was subsequently increased to 25 per cent plus one share in 2002. In 2003‚ BP merged its interests in Russia with those of TNK to create TNK-BP‚ a hugely successful joint venture employing around 50‚000 people and operating in nearly all of Russia’s major hydrocarbon regions. Since its formation‚ TNK-BP went on to become Russia’s
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REFINERY & PETROCHEMICALS LTD. (BRPL) At INDIAN OIL CORPORATION LIMITED Submitted in partial fulfillment of requirement of PGDM program of JIMS SUBMITTED BY: SHRUTI (FB10111) JAGAN INSTITUTE OF MANAGEMENT STUDIES‚ ROHINI EXECUTIVE SUMMARY I‚ Shruti‚ student of batch 2010-12 at Jagan Institute of Management Studies (JIMS)‚ Rohini‚ did my Summer Internship Programme with Project Department of Indian Oil Corporation Ltd for 9 months. Project Title and Summary I
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LEARNERS DEVELOPMENT PROPILE PHYSICAL DEVELOPMENT The learner is physically fit/normal‚ she doesn’t have any deficiency. She is very active and alert in their home and school. And she is also participative in school. SOCIAL DEVELOPMENT The learner’s social development is well developed for she is friendly and easy to be with. She is allowed to play outside the house and go out with friends‚ but with limitations and rules to be followed. She is being loved by the people around her for she
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ALTERNATIVE FINANCING PLANS Current assets – permanent current assets = temporary current assets $800‚000 – $350‚000 = $450‚000 Short-term interest expense = 5% [$450‚000 + ½ ($350‚000)] = 5% ($625‚000) = $31‚250 Long-term interest expense = 10% [$600‚000 + ½ ($350‚000)] = 10% ($775‚000) = $77‚500 Total interest expense = $31‚250 + $77‚500 = $108‚750 Earnings before interest and taxes $200‚000 Interest expense 108‚750 Earnings before taxes $ 91‚250 Taxes
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I. CASE SYNOPSIS TNK–BP is a joint venture company between TNK (Tyyumen Oil Company) and BP (British Petroleoum) in Russia. British Petroleum‚ was the world’s third largest oil and gas supermajor who was founded as the Anglo Persia Oil Company. BP’s upstream business operated in various countries (USA‚ UK‚ Australia‚ Angola‚ Azerbaijan‚ Canada‚ Egypt‚ Russia‚ Trinidad‚ Tobago and Indonesia). BP’s production growth was constrained by its mature oil fields‚ so BP was aggressively looking for new
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1. Do you agree or disagree with Tony Hayward’s quote at the end of the case? Was this disaster strictly a BP failure or an industry accident? (One of my biggest mistakes was that I allowed myself to become the lightning rod for hatred and anger.” He went on to say‚ “I genuinely feel that this could have happened to anyone. This is not BP. It is an industry accident.) I mostly agree with Tony Hayward because an accident of that size is a result of a complex combination of mechanical failures‚
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and Medium Enterprises in Malawi’‚ GEMINI Technical Report No 53. PACT Publications‚ New York. 3) Gibson‚ H. and Tsakalotos‚ E.(1994) “The Scope and Limits of Financial Liberalization in Developing Countries: A Critical Survey.” The Journal of Development Studies. 30‚ 578–62. 4) The world Bank Group (1994)‚ Findings reports on ongoing operational‚ economic and sector work carried out by the World Bank and its member governments in the Africa Region. 11 5)World Bank‚1992‚ `Malawi: Financial Sector
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