Study Guide

Objective

Students
-are able to handle export and import activities in a company
-know the meaning of Incoterms
-are familiar with different ways of payment in foreign trade and can choose the most suitable
-can draw up contracts concerning foreign trade
-can make instructions for forwarding and custom clearance

Content

-Export and import transactions in a company
-Incoterms
-Different payment methods in foreign trade
-Documents needed for foreign trade
-Instructions needed for freight forwarding and customs clearance

Location and time

Autumn 2024. Lectures according to schedule. Place: Vaasa campus, Wolfsskavägen 33. Kursstart 3.9.2024.

Materials

Recommended course materials:
- Seyoum, Belay (Author)-2013 : Export-Import Theory, Practices, and Procedures. International Business Press
- ICC Chamber of Commerce (Author)-Incoterms®2020
- Electronic materials(webpages)-will be informed later
- course materials in Moodle

Teaching methods

To give the student the knowledge and ability of handling international trade issues such as export and import management. She/he gets familiar with the following issues: export or import process, incoterms, documents, transportation and customs.

- Practically manage transactions related to export and import in a company
- To know the meaning of Incoterms
- Have the ability to prepare documents that are needed in foreign trade
- Have readiness to implement instructions needed in forwarding and customs clearance

Teaching methods:
Lectures, group works and -discussions.

Exam schedules

Exam date will be announced at cours start.
Retakes according to the Novia calendar for official retake exams.

Student workload

135 h of which 60 h lectures, assignments and literature studies in addition.

Evaluation scale

H-5

Assessment criteria, satisfactory (1)

Basic understanding of export and import activities in a company
Basic understanding of incoterms
General picture of different ways of payment in foreign trade
General picture of the shipping and customs clearance process and the documents needed for foreign trade
Students have the ability to retrieve information from various sources and understand the importance of the accuracy and reliability of the information.
Students can act ethically and communicate professionally.
Students are aware of issues related to sustainability and responsible action in international trade.

Assessment criteria, good (3)

Good understanding of export and import activities in a company
Good understanding of incoterms
Good knowledge of different ways of payment in foreign trade
Students are familiar with the most common documents used in foreign trade, freight forwarding and customs clearance.
Students have the ability to assess the accuracy and reliability of the information.
Students can act ethically and communicate professionally.
Students can discuss issues of sustainability and responsible action in international trade

Assessment criteria, excellent (5)

Excellent understanding of export and import activities in a company and ability to utilize theories
Excellent understanding of incoterms
Excellent knowledge of different ways of payment in foreign trade and ability to choose the most suitable method
Students have a good knowledge about the documents used in foreign trade, freight forwarding and customs clearance
Students can apply the things learned in practice.
Students have an excellent insight into the connection between theory and practice.
Students take the initiative, act ethically and communicate professionally in different situations.
Students can discuss use the understanding of issues of sustainability and responsible action in international trade.

Assessment methods and criteria

Course Assessments:
Exam (40 p) - compulsory - 60% of course grade
Grading
Grade 1(20-24), 2(25-28), 3(29-32), 4(33-36), 5(37-40)

Group work/assignments (1-5)- 40% of course grade

Qualifications

Business Skills