Course Details
Course Information Package
Course Unit Title | GLOBAL TRADE REGULATIONS AND PRACTICE | ||||||
Course Unit Code | ITSM515 | ||||||
Course Unit Details | MSc International Trade and Shipping Management (Elective and Concentration) - MA/LLM Maritime Law and Shipping Management (Elective and Concentration) - | ||||||
Number of ECTS credits allocated | 6 | ||||||
Learning Outcomes of the course unit | By the end of the course, the students should be able to:
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Mode of Delivery | Face-to-face | ||||||
Prerequisites | NONE | Co-requisites | NONE | ||||
Recommended optional program components | NONE | ||||||
Course Contents | • Strategic overview of control of world trade: Role of WTO,control and membership of ICC, influence of WCO & development of ‘SAFE’ concept, development and principles of Commodity trading • Market analysis and segmentation: profitability and cost relationships, international pricing, market entry methods • Modes of Transport: advantages and disadvantages of each, relationship with corporate objectives • Payment methods: different payment systems used in international trade, corporate concerns attached to each, construction of a ‘risk spectrum’ associated with payments • Insurance against international trading risks, methods and management of foreign exchange risks • Incoterms®: corporate and contractual requirements arising out of their use, risks associated with each term • Role of customs in international trade: standard actions of customs regimes, international standardisation, export controls • Trading under sanctions and embargoes | ||||||
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Language of instruction | English | ||||||
Work placement(s) | NO |