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This course is specially designed for students from overseas who wish to
learn how international trade operates, and how increased exports can help to
increase the prosperity of their own countries. The course will also outline
clearly how imports and exports may be handled in a practical way.
This course is also the second part in the three part series of courses
leading to the International Diploma in International Trade and Maritime
Studies.
Entry Qualifications Students must have a good knowledge of the English
Language. No other formal qualifications are required.
Entry will be given to students who have completed a course leading to the (CIT)
Certificate in International Trade
Duration of course The duration of the course is 24 weeks. There is
normally only one intake of students per year, commencing in late September and
ending in March the following year.
Syllabus There are five subjects: International Trade. European,
North American Middle East, Far East, Latin America, China, and South Africa.
Major commodity flows. Economic/ Trade blocs ASEAN, NAFTA,EU, MERCOSUR,
CIS.International Trade Agencies, - WTO, OECD, UNCTAD, ICC, OPEC. Future trends
focusing on globalisation of markets and product out-sourcing.International
Physical Distribution.
Characteristics of International Transport modes and their application. -
Full understanding of the 13 terms found in INCO terms 1990. - Role/application
of the major documentation involved in the execution of the export sales
contract embracing transport, customs, insurance, commercial, finance. -
Comprehend the range of funding options of the export sales contract. - Focus on
cargo insurance, packing, and freight rates.International Marketing &
Advertising. What is International Marketing? Exploring Needs, Wants and
Desires in the International environment.International Market Research
Exploration of Primary and Secondary Data to find the answers to Research
problems. Sources of data. Construction of Questionnaires. Problems in research.
Use of published statistics.
International Market Segmentation. Finding out about the characteristics of
the people in the local market place. Demographic profiling techniques,
traditional and contemporary. The International Environments. Social, Cultural,
Economic, Political, Legal and Technological aspects. Comparing and contrasting
each in developing and developed countries.
International purchasing behaviour. Exploration of the factors involved in
the purchasing process and the factors which may change them. Product
Standardisation v Modification.
Trade Blocs. The role of supranational trade bodies in the changing
development of global trade. Their effect on selecting which markets to enter
and their changing nature. Pricing. Pricing policies for FMCG and Industrial
products and individual and business consumers. Understanding the role of
currency, exchange rates and methods of countertrade. Hedging.
International Marketing in the Distribution chain. upply chain management
from manufacturer to consumer.International Communications.The roles of
Advertising, Public Relations, Cinema, Sales Promotion and Direct arketing in
the integrated communication process. Creating material in each method for FMCG
and business communications.
International Law. The nature of Law. Sources/Origins - Common, Equity,
Statute, Case (precedent) Different roles of practitioners. Court hierarchy.
- Basic difference between Tort & Contract, Civil & Criminal Law.
European (et al), Necessity for international convention.
Buyer & Seller obligations/rights, including incoterms, Intellectual
property. Different types of company formation: partnerships, private limited,
plc's Mem & Art's Shares. Director's duties.
Negligence & tort: duty of care, with case examples. Moralities, cruelty,
divorce. Conflict of laws & jurisdiction - international arbitration: New
York convention/UNCITRAL/ Arb Act 1996.
The Law of contract: elements of a contract, offer, acceptance, types Of
consideration, terms condition Vs warranties. Futures trading/right to sell
property not owned. Sale of Goods Act/Sale of Goods & Services Act.
"Donaghue v Stevenson" (1932) & "Hedley Bryne v Heller" (1964) Mistake and
remedies. Misrepresentation. Frustration. Illegality. Structure of a proforma
offer and a commercial contract. Use shipping and sales contracts as examples.
Agency law: obligations and duties of an agent. (Un) disclosed principal - (dis)
advantages.Different types of Authority: as broker and principal: ostensible et
al. Case examples throughout.
International finance via Letters of Credit/bankers drafts. Freight (land and
shipping) legislation: introduction to Hague-Visby and Hamburg Rules.
Controlling organisations.
Information Technology. Introduction to computer terminology. Basic
design of a computer system. Choice of input devices and their application
areas.
Output devices and Backing Storage devices. Computer networks, Disabled and
Centralised Processing, Batch and Real-time processing.
Types of computer systems. Software - its importance and types. Data
security, data integrity, data confidentiality. The Data Protection Act and its
implications. Files, records and fields. Different types of files.
Word processing using Microsoft Word for Windows. Spreadsheet methods using
Microsoft Excel. Database design, record storage and retrieval using Microsoft
Access.
Searching for information using various computer based data sources like
Microsoft Encarta, Times, CD-ROM and World Atlas.
Students will be continually assessed on course work, assignments (both
written and oral) and a final integrated project based on an international theme
covering all five areas of study.
Success in this course will enable students to obtain certification entitled
the Professional Development Award in International Trade from BTEC. In
addition, College Diplomas will be awarded to successful students, showing the
subjects taken, and the degree of achievment attained - Pass, Merit or
Distinction. |