1. What are the differences between receiving payment on a collection basis, on an average collection basis, and on a maturity basis?

2. How does an export-import bank work? Who ultimately pays for the services of an export-import bank?

3. What are the major programs of the U.S. Ex-Im Bank?

4. What are the six different types of countertrade? Describe them.

5. How would a clearing arrangement work between the Ukraine and Lithuania, whereby the Ukraine exports grain and Lithuania exports shoes?

6. There are major natural resource deposits in the People's Republic of China (PRC). How might a buyback arrangement work in which the PRC purchases earthmoving equipment from the Japanese firm Komatsu?

7. The Indonesian government is concerned that it may contribute to the country's balance-of-trade deficit if it follows through with plans to import a large order of trucks from Germany that will be used to develop Indonesian timber resources. How might the Indonesian government use a counterpurchase to its advantage?

8. Web Question: Go to the Trade Finance magazine Web site at www.tradefinancemagazine.com and report on the latest innovations in trade finance.

9. Web Question: Visit the following Web site: www. pitc.gov.ph/contracts/qinetiq.pdf. What type of in- ternational trade is described in this contract? What is the rationale for such a contract?