Level 6 • Business Management

Course Description

This course examines the basics of exporting and importing management, an introduction to the intricacies of how export and export deal’s function, procedures and documentation, identifying an international trade opportunity and bring the opportunity to fruition.

Course Objectives

- Understand the global trade environment and identify opportunities and challenges in international markets. - Learn the processes and documentation required for importing and exporting goods. - Analyze international trade agreements and their impact on trade. - Examine various payment methods and financing options in international trade. - Explore the logistical aspects of shipping goods across borders, including packaging, transportation, and insurance. - Develop strategies to manage risks associated with international trade.

Key Concepts

1. International Trade: The exchange of goods and services between countries, driven by comparative advantage, trade agreements, and global market demand.
2. Export & Import: Export refers to selling goods/services to a foreign country, while import involves purchasing goods/services from abroad.
3. Trade Barriers: Restrictions on trade imposed by governments, including tariffs (taxes on imports), quotas (limits on quantity), and non-tariff barriers such as product standards and licensing requirements.
4. Trade Agreements: Treaties between countries to facilitate trade, such as WTO agreements, Free Trade Agreements (FTAs), and regional trade blocs (e.g., EU, NAFTA, ASEAN).
5. Import-Export Documentation: Essential documents in global trade, including Commercial Invoices, Bills of Lading, Certificates of Origin, Packing Lists, and Customs Declarations.
6. International Payment Methods: Payment systems used in cross-border trade, such as Letters of Credit (LC), Bills of Exchange, Open Accounts, and Documentary Collections.
7. Logistics and Supply Chain Management: The process of moving goods across borders efficiently, involving transportation (air, sea, land), warehousing, packaging, and customs clearance.
8. Trade Finance and Financing Options: Methods of financing trade transactions, including export credit, trade loans, government-backed guarantees, and factoring.
9. Risk Management in International Trade: Strategies to handle risks like political instability, currency fluctuations, transportation disruptions, and non-payment by buyers.
10. Incoterms (International Commercial Terms): Standardized rules that define responsibilities between buyers and sellers in global trade, such as FOB (Free on Board), CIF (Cost, Insurance, and Freight), and EXW (Ex Works).

Course Outline

Learning Outcomes

1. Understanding the global trade environment and identify opportunities and challenges in international markets.
2. Learning the processes and documentation required for importing and exporting goods.
3. Analyzing international trade agreements and their impact on trade.
4. Examining various payment methods and financing options in international trade.
5. Exploring the logistical aspects of shipping goods across borders, including packaging, transportation, and insurance.
6. Developing strategies to manage risks associated with international trade.