Teaching Responsibility
LJMU Schools involved in Delivery:
LJMU Partner Taught
Learning Methods
Lecture
Workshop
Module Offerings
5514YPCBSC-JAN-PAR
Aims
To provide students with:
• the practical knowledge and skills required by business companies in international trade and
• the ability to critically evaluate the major issues/risks faced by exporters and importers and the knowledge and skills to
mitigate those risks.
Learning Outcomes
1.
Evaluate the risks of international trade assessing both probability and impact in order to make detailed recommendations to eliminate/reduce risks where appropriate.
2.
Apply terminology used in international trade and the documentary requirements.
3.
Analyse the international payments systems including the application of the International Chamber of Commerce (ICC) rules governing Collections and Letters of Credit.
4.
Explain the various finance options available to both importers and exporters.
Module Content
Outline Syllabus:• Entering the Export/Import Market
• The Problems & Risks of International Trade
• Managing Exchange Rate Risk using Internal & External Methods
• Managing Commercial Risks & ICC Commercial Terms of Trade
• Letters of Credit & ICC522
• Collection & ICC Uniform Rules
• Financing International Trade
• Bonds & Guarantees
• Insurance against Credit, Political & Economic Risk
Additional Information:The essentials of international trade, providing students with the practical knowledge and skills required by business engaged in international trade and the ability to identify and manage risk.