Course Description:
This International Trade course is designed to provide the learners, and those operating within International Trade, an opportunity to broaden their understanding of global trade issues, and to gain a clear understanding of the processes and practicalities of International Trade.
- Duration: 8 Weeks
- Level: 3
- Credit: 4
- Award: Cavendish’s’ Certificate
This import and export course is suitable for all those involved in international business. It is also appropriate for corporate service providers such as banks, forwarders, accountants, and international trade advisers.
Course Content
1- Types of Economic Integration and Trade Agreements
- These blocs offer special concessions to members of the group but impose restrictions on the imports from the non-member countries.
- Free Trade Area
- Custom Union
- Common Market
- Economic Union
- WTO and GATT
2- International Marketing
- International Marketing presents a more complex task than domestic marketing because of the uncontrollable international marketing environment and their heterogeneity. Hence, making international marketing decision is generally more challenging.
- International marketing decision
- Market Selection Decision
- Entry and Operating Decisions
- Marketing Mix Decision
3- Documents & Procedures
- The role of Customs
- Sources of useful information
- The International Sales Contract
- The Export Order
- Delivery Terms (INCOTERMS® 2010)
- Commodity Codes
- The Export Invoice
- Origin and Preference
- Payment Methods
4- Payments & Finance
- Risk assessment
- Bank Guarantees
- Advance Payment
- Open Account
- Documentary Letters of Credit
- Documentary Collections & Bills of Exchange
- Credit Insurance
- Financing export transactions
- Foreign Exchange Risk Management
- Managing the risks – hedging techniques
5- Shipping and Documentation
- The roles of the main third parties involved in international trade i.e., carriers, forwarders, Customs, banks, insurers etc.
- Methods of international transport
- Transport Documents
- Cargo Insurance
- Cost elements in a DDP
- Functions of Bills of Lading, Waybills, and Certificates of Shipment
- Role of Customs regarding export and import declarations
