Foreign Trade - Master MIB (e-learning)

Professional Master in International Business (e-learning): Globalisation, Foreign Trade, International Marketing, Adaptation to the Student's Country (Africa, Asia, Middle East, Europe), Internationalisation, World's Economic Areas, Thesis, Career Opportunities

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Module: “Foreign Trade” - Professional Master in International Business (MIB, e-learning)

The Master continues with the module “Techniques of Foreign Trade”. The objective of the module two “Foreign Trade” of the Master Executive in International Business (MIB-E) is to provide all the knowledge, tools, and techniques necessary to manage all the technical aspects related to the foreign trade of an exporting company: Incoterms, transport, customs, documents, letters of credits, international finance, and contracts.

The subjects of the Module two are:

International Trade Master

Introduction to Exporting
Import/Export Documents
Incoterms
Customs Procedures
1. World Customs Organisation
2. Customs and the World Trade Organisation
Methods of payment. Letters of Credit
Finance of International Trade
1. FOREX
2. International bonds
3. Introduction to Islamic Banking
International Contracts
International transport
1. Marine transport
2. Multimodal transport

International Transport

The objectives of the module two “International Trade” of the Master Executive in International Business (MIB-E) are to understand

The nature of exporting and the difficulties that may arise
1. To learn about the Import/Export transactions, difficulties with them and how to overcome these challenges
The different types of documents used in international trade, which documents usually require the customs, the requirements for various documents and how to fill in these documents correctly
The responsibilities of the exporter and importer under the Incoterms 2010 and how the Incoterms are used in international trade transactions
The role and functioning of the customs and the role of a customs agent
1. To become familiar with the import procedures
2. The different customs procedures and methods of products classification
3. To learn how to complete the Customs document.
4. To understand the role of the World Customs Organisation and the World Trade Organisation
Importance of a correct logistics and transport management in the international trade.
1. To analyse the modes of transport (marine, air, road, train, multimodal) and their characteristics as well as the transport documents required for each mode of transport and how to complete them
2. To understand the functioning of the marine transport, the documents required for the sea freight and how to fill them
3. To familiarise the student with the different types of packaging, packaging materials, the use of pallets and containers, packing marks, modes of transport and packaging, and the criteria to be used when selecting an appropriate packaging for particular shipments
The various methods of payments used in the international trade and outlining their differences, advantages, and disadvantages both for the importer and exporter.
1. What Documentary collections are and how they work
2. Export and import collections will be analysed
3. Importance of the Documentary credits (letters of credit) in the international trade
4. How the Documentary credit works and the obligations of the parties involved
The various methods of finance both for exports and imports.
1. Fundamentals of the Foreign Exchange Market.
2. The different types of bonds and guarantees and how they operate
3. The various methods of managing exchange and country risk
4. The forward exchange contracts and currency options will be examined in greater detail
5. Forfeiting, Factoring, and Invoice Discounting will be analysed
6. The different types of international bonds and guarantees and how they operate
The pillars of international contracts as they are used in the international trade transactions