About the course

This course was created as a brief overview into the intricacies and excitement of the global trade environment. To provide the participant with the necessary foundational knowledge required when entering into the world of trade.

This course encompasses basic freight industry terminology, understanding of how global trade came into existence and the rules, regulations and authorities governing global trade.  This course also covers INCOTERMS ® 2010 as set out by the International Chamber of Commerce – covering the obligations of the seller and buyer regarding risk and payment on each of the terms. Lastly this course will illustrate the workings of the Import and Exports Cycle as well as the required documentation within these processes.

Key outcomes

• Industry Jargon
• Global Trade environment
• Freight Forwarding Operation in International Trade
• Role of the freight forwarder and clearing agent
• Regulatory bodies and trade agreements
• Incoterms ® 2010 – History and application of each of the terms
• Import and Export Processes
• Import and Export Documentation
• Explaining local and international trade and the protecting of the integrity of international borders.
• Demonstrating an understanding of the international trade cycle and the various roles.
• Examining international logistics mechanisms including modes of transport.
• Explaining the different methods of international payment for goods, and the use of foreign currencies. 

Ideal candidate

Any person working within the trade environment. Be it importers/exporters of persons within the freight environment. From juniors entering the industry to sales people, operations or finance.

Duration

1/2  day

Unit Standards

252429 - Explain the concept of international trade Level 3 Credits 6

Course Code: INT