Dubai offers exporter training

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26 January 2010

Dubai Export Development Corporation (DEDC), an agency of the Dubai Department of Economic Development, is set to offer the first in a series of seminars to encourage UAE firms to export

Dubai Export Development Corporation (DEDC), an agency of the Dubai Department of Economic Development, Government of Dubai, is set to conduct the first in its 2010 series of Exporter Training through its newly established DEDC Training Academy on 27th January 2010 at the...

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Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.

No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.

23%

No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.

23%

Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.

46%