Broaden your awareness of global trade issues and get a clear understanding of the processes and practicalities of International Trade.
This introductory level qualification aims to help people get started in international trade; no formal qualifications are required for entry on this course. Designed to fit around a full-time career, with online study supported by contact with tutors, webinars, video sessions and podcasts.
No formal qualifications are required for this course.
The Certificate in International Trade consists of four modules:
A student will be learn to distinguish between different types of channels of distribution applicable to different types of products and services; describe the financial objectives of business; identify the sources of finance for business; explain the basic concepts of financial accounts and the nature of costs and profit; explain the elements of the banking system, how it works globally and how money is transmitted; identify the origins of exchange risk and the basic methods of managing such risk.
A student will learn to describe the basic elements of a business plan and the processes of implementation; explain the ‘marketing concept’; identify the main elements of the ‘marketing mix’; list the main sources of information both inside and outside companies; describe the methods available for collection of information; create, use and analyse information in the form of spreadsheets; explain the basic elements of business finance with particular relevance to cash flow; identify the legal issues within business operations; explain the main elements of contract law; explain the role and importance of INCOTERMS 2010; list the current INCOTERMS and the respective duties of the seller and buyer.
Students will learn to distinguish between developed and developing countries; identify the major religions and languages and main centres of population; identify the main trading blocs in global trade; describe the origins, objectives and future developments of the European Union; analyse the structure of the UK Balance of Payments; list the UK’s main export markets; explain the basic structure and function of the Internet.
List the main elements of the export order process from the original enquiry to payment collection; describe the roles of the main third parties involved in international trade i.e. carriers, forwarders, Customs, banks, insurers etc.; tabulate the main elements of an export quotation in the form of a pro-forma invoice; identify the cost elements in a DDP export price; list the main methods of international transport and the factors which affect their selection; explain the functions of Bills of Lading, Waybills and Certificates of Shipment; describe the requirements of HM Customs & Excise regarding export and import declarations; list the different types of export invoices used and the importance of description, origin and value to Customs authorities; explain the basic operations of cargo and credit insurance policies; list and explain the operation of the various methods of payment used in international trade.
As a guide you should expect to study for around 54 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.
You will be expected to submit a written piece of work following each module. Assessments usually comprise of a 1600 word report linked to the practical application of international trade in the working environment. Students have 6 weeks to research and complete the assessment.
Enrolment fee £975
Student Registration (two years student membership) £130
Assessment fees (per module, not required to be paid until assessments are taken) £95
Alternatively, you can take specific modules individually priced at £300 per module, also subject to membership and assessment fees.
All study is delivered through Supported Distance Learning.