Importer/Buyer Risk (Credit Risk) - e.g., an importer may not pay for the goods due to insolvency or wilful default.
Country Risk - e.g., an importer may be more than willing to pay for goods received but its Government may introduce laws (i.e., exchange controls) which prevent payment being made.
Transit Risk - e.g., the need to insure risks for the movement of goods including damage, loss and theft. loss and/or damage.
This subject is covered in far greater detail within our training module ‘documentary collections in practice' which can be purchased at https://www.tradefinance.training/shop/