Sang Man Kim is a Professor of International Trade, in South Korea. He is also an attorney at law (New York, USA), and an arbitrator and mediator at the Korean Commercial Arbitration Board. In his former role as a Deputy Director at the Korea Trade Insurance Corporation (a Korean Government-owned official export credit agency), Professor Kim worked as an underwriter and legal consultant for Korean international trade for a period of 15 years (1995-2010).

Professor Kim holds a B.A. in Law and an M.D. in International Business Transactions Law and a Ph.D. in Commercial Law from Korea University. He also holds an LL.M. (M.D.) from the University of Minnesota Law School.

Over the past 25 years, Professor Kim has practiced and researched international trade and has published over 80 articles and 11 books on the topic.

Discusses precise concepts of international trade

Covers guarantees, forfaiting, factoring, construction finance, and export credit insurance (or export credit guarantee)

Explains both payment methods and trade finance, which is rare in academic literature

Offers authoritative insights based on firsthand legal knowledge and practical experience

1. Concept of international trade

2. Purposes of international trade

3. Characteristics of international trade

4. Risks in international trade

Chapter 2 International Trade Contracts

2. Formation of a contract

3. Performance of a contract

Chapter 3 Documents for International Trade

2. Commercial documents

3. Financial documents

Chapter 4 Overview of Payment Methods

2. Basic types of payment method

Chapter 5 Payment in Advance (Cash in Advance)

1. Introduction

3. Advantages/disadvantages

Chapter 6 Open Account

1. Introduction

2. Operation of an open account

3. Features and advantages/disadvantages

Chapter 7 Documentary Collection

1. Introduction

2. Operation of a documentary collection

3. Features and advantages/disadvantages

4. The Uniform Rules for Collections

Chapter 8 Documentary Credits

1. Introduction

2. Operation of a documentary credit

3. Various types of a credit

5. Issuing a documentary credit through SWIFT

Chapter 9 UCP and L/C Examples

1. UCP

2. Examples of L/C

1. Bank payment obligation (BPO)

3. Netting

Chapter 11 Independent Guarantee (demand guarantee, standby L/C)

1. Introduction

3. Independence principle and fraud exception

Chapter 12 Trade Finance for International Sale of Goods

1. Introduction

2. Export working capital financing (for pre-shipment)

3. Negotiation (or purchase) of bills of exchange

4. Export factoring (International factoring)

5. International forfaiting

Chapter 13 Financing an Overseas Construction

1. Introduction

2. Supplier credit and buyer credit

3 Project finance

Chapter 14 Export Credit Insurance or Guarantee

1. Introduction

2. Main types of export credit insurance or guarantee