International export insurance is an insurance that protects exporters against non-payment risks by foreign buyers. It gives exporters assurance that if the foreign buyer is unable to pay, payment will be made. Currency hedge is a strategy that helps to minimize the risks which are associated with cash flows due to future settlement.
I will advise her to obtain international export insurance under the following circumstances; when she wants to be protected against the risk of non-payments, when she wants to acquire entry to overseas capital, when she want to increase competition, and when she wants to improve cash flow by borrowing in opposition to foreign receivables. The circumstances for obtaining a currency hedge include avoiding risks related to the currency that occur when conversing with foreign money into domestic currency when one wants to get access to foreign investments and when one wants to protect margins.
Reference
Al Amine, M. A. B. M. (2016). Commercial credit takaful. In Takaful and Islamic Cooperative Finance. Edward Elgar Publishing.