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Course Name (English)
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INTERNATIONAL TRADE FRAMEWORK
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| Course Code |
IBM554 |
| Course Description |
International trade which is also termed as foreign trade is an important contributor to the economic development of a country. Therefore, it is crucial for students to know and understand how international trade is carried out. Knowledge in this area would provide added value to the students how firm does its international trade. Thus, this course aims to expose students to the framework of procedures that underlies the international trade. Since export-import has significance influence in international trade, the course will emphasize on the export-import procedures, documents required as well as the current issues/challenges related to the topic. |
| Transferable Skills |
Ethically and Socially Sensitive - Demonstrate practical and contemporary knowledge of relevant professional, ethical and legal frameworks. |
| Teaching Methodologies |
Lectures, Inquiry-based Learning, Field Trip, Case Study, Discussion, Presentation |
| CLO |
| CLO1 |
Analyse the growing significance of international trade activities and the elements involved in performing the international trade transactions. (PLO 2) |
| CLO2 |
Demonstrate good practices and professionalism throughout the international trade transactions framework, from point of origin to the point of destination. (PLO 11) |
| CLO3 |
Discuss current issues, and challenges in real international trade transactions across the world. (PLO 3) |
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| Pre-Requisite Courses |
No course recommendations |
| Topics |
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1. CHAPTER 1.0: Foreign Trade – Institutional Framework and Basics
1.1) 1.1 Introduction
1.2) 1.2 WTO and Trade Liberalization
1.3) 1.3 Exporting as an Entrepreneur – Steps
1.4) 1.4 Role of Government/Semi Government Agencies in Export Promotion
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2. CHAPTER 2.0: Export-Import – Documentation and Steps
2.1) 2.1 Introduction
2.2) 2.2 The International Trade Framework of Procedures
2.3) 2.3 Steps for Successful Exporting
2.4) 2.4 Export-Import Documentation
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3. CHAPTER 3.0: Methods and Instruments of Payment
3.1) 3.1 Introduction
3.2) 3.2 Methods of Payment
3.3) 3.3 Financing Ex-porters and Importers
3.4) 3.4 Instruments of Payment
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4. CHAPTER 4.0: Methods of Financing Exporters
4.1) 4.1 Introduction
4.2) 4.2 Pre-Shipment Finance
4.3) 4.3 Post-Shipment Export Advance
4.4) 4.4 Factoring
4.5) 4.5 Insurance
4.6) 4.6 Roles of Banks in Export-Import Transaction
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5. CHAPTER 5.0: Business Risk Management and Coverage
5.1) 5.1 Introduction
5.2) 5.2 Types of Risks
5.3) 5.3 Quality and Pre-Shipment Inspection
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6. CHAPTER 6.0: Cargo Packaging, Stowage, Marking and Dangerous Cargo Shipments
6.1) 6.1 Introduction
6.2) 6.2 Factor Influencing Type of Cargo Packaging
6.3) 6.3 Types of Packaging
6.4) 6.4 Stowage of Cargo
6.5) 6.5 Dangerous Cargo
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7. CHAPTER 7.0: Containerization and Leasing Practices
7.1) 7.1 Introduction
7.2) 7.2 History of Containerization
7.3) 7.3 Types of Containerization
7.4) 7.4 Benefits of Containerization
7.5) 7.5 Global Trade and Containerization
7.6) 7.6 Containerization Leasing Practices
7.7) 7.7 Inland Container Depots
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8. CHAPTER 8.0: Logistics and Characteristics of Modes of Transportation
8.1) 8.1 Introduction
8.2) 8.2 Planning Physical Distribution
8.3) 8.3 Benefits of an Efficient Logistics System
8.4) 8.4 Marketing Logistics System: The Concept
8.5) 8.5 Critical Elements of a Logistics System
8.6) 8.6 International Transport System
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9. CHAPTER 9.0: International Commercial Terms (INCOTERMS)
9.1) 9.1 Introduction
9.2) 9.2 Incoterms - Terms and Conditions
9.3) 9.3 Purpose and Scope of Incoterms
9.4) 9.4 The Structure of Incoterms
9.5) 9.5 Incorporation of Incoterms into Sales Contract (Incoterms 2000, 2010 and 2020)
9.6) 9.6 Incoterms Groups
9.7) 9.7 Incoterms 2020
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10. CHAPTER 10.0: Customs Clearance of Import and Export Cargo
10.1) 10.1 Introduction
10.2) 10.2 Clearance of Import Cargo
10.3) 10.3 Clearance of Export Cargo
10.4) 10.4 Customs Valuation
10.5) 10.5 The Harmonized System
10.6) 10.6 Carnets
10.7) 10.7 New Developments in Customs Clearance Procedures
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11. CHAPTER 11.0: Issues and Challenges in International Trade
11.1) 11.1 Introduction
11.2) 11.2 Doing Business with Middle East Countries
11.3) 11.3 Doing Business with Asean Countries
11.4) 11.4 Doing Business with Australia and New Zealand
11.5) 11.5 Doing Business with China and Japan
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| Assessment Breakdown | % |
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| Continuous Assessment | 60.00% |
| Final Assessment | 40.00% |
| Details of Continuous Assessment |
| Assessment Type |
Assessment Description |
% of Total Mark |
CLO |
| Assignment |
Assignment 1 (Group) - Innovative Solution for Trade Process Facilitation |
20% |
CLO2
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| Assignment |
Assignment 2 (Individual) - Chapter Exercises |
20% |
CLO1
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| Assignment |
Assignment 3 (Individual) - Export Documentation |
20% |
CLO3
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| Reading List | | Recommended Text | - Justin Paul and Rajiv Asekar 2013, Import Export Management, 2 Ed., Oxford University Press [ISBN: 978-0-19-8089]
- Gerald Albaum and Edwin Duerr 2011, International Marketing and Export Management, 7 Ed., Pearson [ISBN: 978-0-273-743]
- Alan Branch 2006, Export Practice and Management, 5 Ed., Thomson Learning [ISBN: 978-1-84480-0]
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| Article/Paper List | This Course does not have any article/paper resources |
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| Other References | - Book Donna L. Bade 2015, Export/Import Procedures and
Documentation (5th Ed.)
, American Management Association (AMACOM), USA
- Book U.S Department of Commerce, International Trade Administration 2011, Basic Guide to Exporting: The Official
Government Resource for Small and
Medium-Sized Businesses.
, (10th Edition), Washington D.C.
- Book Katzman, J. 2011, Basic Guide to Exporting, Skyshore Publishing Inc. (11th Edition)
- Book Thomas E. Johnson and Donna L. Bade. 2010, Export/Import Procedures and
Documentation
, American Management Association (AMACOM), USA
- Book Nelson, A. Carl. 2008, Import Export: How to Get Started in
International Trade
, McGraw-Hill (3rd. Edition)
- Book Cook, Thomas. A. 2001, The Ultimate Guide to Export Management, American Management Association (AMACOM)
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