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.
Course Details and registration
Benefits
The course is suitable for all those involved in importing and exporting. 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 covered in International Trade Course
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 covered in International Trade Course
- 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
Credit: 4 Award: Educators’ Certificate —————————–
Useful links for international trade:
- The British International Freight Association (BIFA): http://www.bifa.org
- HM Revenue & Customs: http://www.hmrc.gov.uk/
- Government information on Import and Export business in UK: https://www.gov.uk/browse/business/imports-exports
- World Customs Organisation: http://www.wcoomd.org
- The World Bank: http://www.worldbank.org/
- The list of Regional Trade Agreements in force: http://rtais.wto.org/UI/PublicAllRTAList.aspx
- The World Trade Organization: http://www.wto.org
