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Level 4 Diploma in International Trade
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 Diploma

 

Learn about the practical aspects of international trade with our Level 4 Diploma in International Trade.

The Diploma in International Trade is the core operational qualification for international trade professionals. Designed to fit around a full-time career, with online study supported by contact with tutors, webinars, video sessions and podcasts.

You'll get a detailed knowledge of all the principles, procedures and documentation you need to know for a successful career in international trade. 

After you have passed the Level 4 Diploma in International Trade you can apply for Associate Membership of the Institute, use the suffix of AMIEx and proceed to the Level 5 Diploma Qualification.

 

 

 

Entry Requirements

You can enter the Level 4 Diploma in International Trade if you are 18 years of age or over and have 4 GCSE/GCE O Levels A-C Grades including English Language and 1 A level or equivalent OR have NVQ Level 2 in International Trade Services OR 21 years of age or over with 3 years practical experience in international trade.

Modules

The Level 4 Diploma in International Trade consists of four modules:

This module has been designed to provide a broad knowledge and understanding of the conditions under which international traders must operate their business and how business is affected by changes in the political, economic, social, and technological environment both nationally and internationally. Students will also be provided with a basic knowledge of the law relating to international trade with a focus on the law of contract, sale of goods and agency law.

Learning Outcomes

By the time you have finished this module you will be able to:

  • 1. Categorise different types of economy and the structure of industry in the UK
  • 2 Explain how the structure of UK industry has changed and the effects of this on the international trade of the UK
  • 3. Identify how competitors’ and suppliers’ activities affect market structures
  • 4. Describe the workings of the business cycle, the operation of the multiplier and accelerator processes and the effects of inflation and deflation on the economy
  • 5. List the reasons for international trade and be able to describe the conditions under which international trade occurs
  • 6. Contrast developing and developed economies with particular reference to international trade
  • 7. List the main trading blocs, the differences between types and the reasons for their formation
  • 8. Tabulate the advantages and disadvantages of trading blocs
  • 9. Identify the sources and types of law
  • 10. Describe the types of contract and outline the features of a valid simple contract and its terms
  • 11. Distinguish between international, consumer and other sales and the relevant legislation and decisions dealing with the sale of goods
  • 12. Describe the various forms of agency used in international trade and the contractual implications to both parties
  • This module provides students with an understanding of the keys to profitability in their business, and the most appropriate sources of finance to maximise such profits. Students are also required to evaluate and attempt to reduce the various risks that are common to all international trade, including exchange risk and country and buyer credit risk and to choose and operate the most appropriate methods of payment.

    Learning Outcomes

    By the time you have finished this module you will be able to:

  • 1. Explain the form and significance of the company's financial structure
  • 2. List the choices of methods of finance and the consideration relevant to the selection
  • 3. Use cost data for the planning, monitoring and control of a business
  • 4. Recommend, for any market, optimum mixes of trade finance
  • 5. Suggest measures to avoid trading losses arising from FX sources
  • 6. Select appropriate procedures to secure payment for consignments of goods or services
  • 7. Identify country and buyer risks in any export plan
  • 8. Select and operate successfully the range of methods of payment available to international traders
  • This module introduces the basic marketing concept and the principles and practices of international marketing developing an understanding of the part culture plays in the sales process. Students learn to interpret the market environment, carry out appropriate research, analyse information accurately and devise appropriate marketing plans for the international environment.

    Learning Outcomes

    By the time you have finished this module you will be able to:

  • 1. Explain the significance of the marketing concept
  • 2. Demonstrate an awareness of how customer needs are identified and the classifications of goods and services
  • 3. Describe the component elements of the marketing mix and the factors affecting management decisions in formulating marketing plans
  • 4. Identify demographic and technological changes and how they affect the demand for goods and services
  • 5. Demonstrate an awareness of the environmental influences on international marketing
  • 6. Explain the rationale for market segmentation in international marketing
  • 7. Identify and use relevant sources of information and appropriate methods of collection
  • 8. Conduct effective research and analyse and present the results of such research
  • As your fourth module you can choose from either of the following modules:

    a) International Physical Distribution

    This module addresses the merits of the different modes of transport, including factors relating to the choice of transport, provides an understanding of the different Incoterms, and recommends the appropriate term for a company’s international business. Students will also learn to manage the administration of a company’s international trade, understanding a range of documents and their functions and appreciate the need for correct packing and insurance of goods, as well as having an effective relationship with international service providers.

    Learning Outcomes

    By the time you have finished this module you will be able to:

  • 1. Use appropriate technical language in relation to export/import procedures
  • 2. Identify the merits of the different modes of transport and the factors relating to the choice of transport
  • 3. Select and organise the most cost-effective means of transporting goods to, or from, an overseas country
  • 4. Organise and manage the administration of a company’s export and import procedures
  • 5. List the different Incoterms and be able to recommend the most appropriate term(s) to be used for a company’s international business
  • 6. Demonstrate a thorough understanding of the commercial, financial and official forms that are used in international trade
  • 7. Comply with all statutory requirements of Customs authorities for both exports and imports
  • 8. Explain the need for the correct packing and marking of goods with particular reference to dangerous goods
  • 9. Arrange appropriate cargo insurance for international consignments
  •  

    b) Selling Services, Skills and Software Overseas

    This course is an obvious choice for those working or intending to work in ‘pure’ service industries - such as finance, legal, software, tourism etc., as well as in the ‘manu-services’ sector, in which manufacturers combine their goods with services to competitively satisfy their customers’ needs. Using case studies from services as diverse as the English football league to M&S this course will stimulate ideas and bring solutions to everyday issues businesses face when selling overseas.

    Learning Outcomes

    By the time you have finished this module you will be able to:

  • 1. Understand the development of international services
  • 2. Be able to market international services effectively
  • 3. Understand the legal and regulatory aspects of the development of services for international markets
  • 4. Understand how to market and deliver services internationally
  • 5. Understand the additional costs of developing, marketing and delivering international services
  • 6. Understand how to develop a customer-focused service when developing international services
  • Study commitment

    As a guide you should expect to study for around 68 hours for each of the four modules. The course has to be completed within 4 years, but the usual period of study is 15 months. These are recommended hours only, as the completion time will vary from student to student.

    Assessment

    Each module is completed by means of an assessment linked to the practical application of international trade in the working environment. The length of the assessments vary by module ranging from 2300 word assessments to 3000 words. Students have 6 weeks to research and complete the assessments.

    Fees

    Enrolment fee £1575

    Student Registration (two years student membership) £130

    Assessment fees (per module, not required to be paid until assessments are taken) £130

    Alternatively, you can take specific modules individually priced at £480 per module, also subject to membership and assessment fees.

     

    Register

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    To discuss our qualifications:
    Call +44 (0)1733 404400
    Email qualifications@export.org.uk

     

     

     

    Why choose an Institute of Export & International Trade qualification?

    Our career-boosting qualifications equip students with the professional and academic skills to succeed in international business.

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