Skip to main content

Foreign Trade in PracticeLaajuus (5 cr)

Code: FEK25VIIA01

Credits

5 op

Objective

Student:
-can practically handle export and import transactions in a company
-understands the significance of Incoterms
-knows various payment methods in international trade and can select the most suitable one for the situation
-can prepare the necessary documents for international trade
-can prepare the required instructions for forwarding and customs clearance
-is aware of various risks associated with international trade

Content

-export and import transactions in a company
-Incoterms
-different payment methods in international trade
-documents required for international trade
-forwarding and customs clearance
-risk management

Qualifications

Basics of International Business

Assessment criteria, satisfactory (1)

The students have a basic understanding of export and import activities in a company.
The students are familiar with Incoterms.
The students have basic knowledge of different payment methods in international trade.
The students have an overview of the forwarding and customs clearance process, as well as the documents required for international trade.
They are aware of the risks associated with international trade.
The students have the ability to retrieve information from various sources and understand the importance of the accuracy and reliability of the information.

Assessment criteria, good (3)

The students have a good understanding of export and import activities in a company and are able to apply relevant theories.
The students are well-versed in Incoterms.
The students possess good knowledge of various payment methods in international trade.
The students are familiar with the most common documents used in international trade, forwarding, and customs clearance.
They have a solid understanding of the risks associated with international trade.
The students are able to assess the accuracy and reliability of information.
They can act ethically and communicate professionally.
The students are able to reason and discuss issues related to sustainability and responsible conduct in international trade.

Assessment criteria, excellent (5)

The students have an excellent understanding of export and import activities in a company and the ability to apply relevant theories.
The students have an excellent understanding of Incoterms.
They possess excellent knowledge of various payment methods in international trade and are able to choose the most suitable method.
The students are well-versed in the documents used in international trade, forwarding, and customs clearance.
They have excellent knowledge of the risks associated with international trade.
The students are able to apply their learned knowledge in practice. They have an excellent understanding of the connection between theory and practice.
The students take initiative, act ethically, and communicate professionally in various situations.
They are able to reason and apply their understanding of sustainability and responsible conduct in international trade.