International Trade Operations (5 cr)

Objective

The student
• understands the development and structure of international trade and import and export processes and is able to recognise the obligations, costs and risks of the seller and the buyer
• is able to compare forwarding and logistics services and analyse transport options for shipments based on delivery terms, freight costs, time, transport risks and sustainability
• understands what documentation is needed and how customs fees are determined
• is able to analyse risks of international trade and how to protect against them e.g. by applying more secure payment methods or with sufficient insurance cover.

Content

- Import and export processes
• International transport
• Freight forwarding
• Freight and cargo shipping services and prices
• Risks and liabilities and managing them
• Delivery terms, Incoterms
• Documents related to international trade
• Customs procedures and duties
• Supply chain costs related to import and export
• Methods of international payments (CAD, Letter of Credit)
• Insurances

Location and time

Classes and workshops according to the schedule, on campus and during possible company visits.

Materials

ICC Guide to Export-Import - Global Standards for International Trade ( written by Guillermo C. Jimenez, published by ICC palvelu Oy, 5th edition, 2018), Chapters 1, 2, 3, 4, 11, 12, 15, 16, 17, glossary

Logistiikan Maailma portal in English: Contracts, Transport, Logistics Operators, Trade & Customs

John Manners-Bell: Introduction to Global Logistics (2017), KoganPage, 2nd edition, Chapters 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11

Incoterms 2020 by ICC: ICC rules for the use of domestic and international trade terms

Teaching methods

Interactive lectures and exercises in class
Lectures and workshops on campus
Guest speakers, company visits
Individual study using Moodle

Employer connections

Guest lectures and company visit.

Exam schedules

Final exam on week 17

Completion alternatives

100% self study and exam

Student workload

1 cr = 27 h

Evaluation scale

0-5

Assessment criteria, satisfactory (1)

The student
• has achieved the objectives of the course to a satisfactory level
• is able to identify, define and use concepts and models in the subject area of the course
• understands the conditions and principles of the development of expertise.

Assessment criteria, good (3)

The student
• has achieved the objectives of the course well, although there are still areas where knowledge and skills need to be improved
• has a good understanding of the concepts and models of the subject matter of the course and is able to carry out a reasoned analysis
• is able to apply what they have learned in leisure, learning and working life situations
• understands the importance of expertise in business and is able to analyse their own expertise.

Assessment criteria, excellent (5)

The student
• has achieved the objectives of the course with excellent marks
• has an excellent command of the concepts and models of the subject matter of the course
• is able to analyse clearly and reasonably and propose practical development measures
• has a good ability to apply what they have learned in leisure, learning and working life situations
• is able to analyse expertise in business and their own development towards expertise.

Assessment criteria, approved/failed

The student
• has achieved the objectives of the course to a satisfactory level
• is able to identify, define and use concepts and models in the subject area of the course
• understands the conditions and principles of the development of expertise.

Assessment methods and criteria

Individual work 70%:
- Moodle assignments 20%
- Exam 50%
Group assignments (import/export cases) 30 %

Qualifications

Supply Chain Management or equivalent basic studies