Credit Risk Management and Control in a Maritime Supply Chain Trade Network

Maritime transport is the link of international trade. In recent years, China's international trade volume has increased dramatically, and its marine transportation business has expanded rapidly. Its supply chain risk control system should also be upgraded to meet the market demand. This study finds that contract performance ability is the biggest source of risk. Through the comprehensive suggestions put forward in this paper, the risk rate of supply chain can be effectively controlled through property insurance, credit derivatives, and a reasonable project packaging scheme. At the same time, this paper suggests that the marine transportation supply chain should get rid of the limitation of the purchase contract and launch the supply chain products for retail to advantageous customers, which can reduce the comprehensive risk of the supply chain to a greater extent.