International trade procedures and documentation
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This document provides information about an International Trade Procedures and Documentation course taught at IILM Graduate School of Management in Greater Noida, India. The course is designed to give students a clear understanding of international trade frameworks, export and import documentation procedures, export shipment processes, export financing, and incentives. Over 24 sessions, the course will cover topics such as institutional frameworks, documentation, strategies, payment methods, financing, incentives, and shipping. Upon completing the course, students will be able to understand issues related to globalization and apply skills related to export management and documentation.
International trade procedures and documentation
- 1. IILM Graduate School of Management, Greater Noida. Course Manual : International Trade Procedures and Documentation Academic Year : PGDM(IB) 2011-2013 Dr. Himanshu Mohan : himanshu.mohan@iilmgsm.ac.in
- 2. INTRODUCTION TO THE COURSE During the last few decades world trade has grown phenomenally in terms of volume as well as value. After liberalization their has been a gradual increase in the classification and direction of exports and imports. Superior commodities, services at competitive prices has opened the doors of world markets for goods and services. The spurt in world trade has evoked interest to many to learn about different dimensions of international trade. This course has been designed to enable the students to have a clear understanding of framework of Export Import Trade , various documents related to procedures in exporting and importing ,export shipment procedures, export finance and export incentives. In a nutshell the course will prepare the students for exporting and importing. Following are the key elements of this course 1. Foreign Trade – Institutional Framework and Basics 2. Export Import Documentation 3. Export Shipment Procedure 4. Methods and Instruments of Payment and Pricing Inco terms 5. Methods of Financing Exporters 6. Export Incentives 7. Shipping and Containerization On successful completion of this course you will be able to: -- Understand the various issues related to globalization and their importance to make an organization successful. --Understand the steps, procedures and formalities in export business and its applications. -- Be able to develop exporting skills
- 3. -- Analyze and solve cases in globalization and export management. INTRODUCTION TO THE TUTOR Dr Himanshu Mohan : He is a B.Tech, MBA & PhD. He has seventeen years of teaching , and corporate experience wherein he has offered courses in International Business and Marketing areas namely Export Import Documentation, International Marketing, International Sales Management, International Business Management, Marketing Management, Logistics Management, Global Services & Outsourcing. His research interest is in the area of Sales Management and Green Marketing. He has also handled training programmes in the area of Sales Management and Customer Services. Has been associated with various academic institutions like IILM GSM, Greater Noida , IILM Lucknow ,IMS Dehradun, Jaipuria Institute of Management, Ghaziabad in various capacities as Program Director, Deputy Director and Director . In the Corporates he has worked with LG Electronics and Hindustan Lever Ltd(Industrial Division) for around six years handling engineering, marketing, applications functions and business operations for Uttar Pradesh and some other parts of North India. BOOKS AND REFERENCES: Main Text Book 1) Export and Import Management by Justin Paul and R. Aserkar, Oxford Press Reference Readings 1) International Business - Competing in the Global Market place by Charles Hill and Arun Jain, Tata McGraw Hill 2) Export and Import Management by Aseem Kumar, Excel Publications, 3) International Trade and Export and Management by Francis Cherunilam, Himalaya Publishing . 4) International Marketing and Export Management by Gerald Albaum, Edwin Duerr and Jesper Strandskov, Pearson Journals:
- 4. Journal of International Business Foreign Trade Review WTO Focus Journal of World Trade
- 5. Session Plan – Lectures S.No TOPICS LECTURE TOTAL . S 1 Foreign Trade – Institutional Framework and Basics 3 3 2 Export Import Documentation 6 6 3 Export Import Strategies 3 3 4 Methods and Instruments of Payment and Pricing Inco 3 3 Terms 5 Methods of Financing Exporters 2 2 6 Export Incentives 3 3 7 Shipping and Containerization 4 4 TOTAL 24 24 Weekly Plan Weeks Topic Covered Sessions 1-3 1, 2 1- 9 4-5 3,4 10-15 6-9 5,6,7 16-24
- 6. Detailed Session Plan – International Trade Procedures and Documentation Topic 1 : Foreign Trade – Institutional Framework and Basics Sessions 1-3 : In these sessions there will be discussions about the role and impact of various Global and Indian Institutions reqd. for foreign trade. Pre-Reading CH 1, Export Import Management by Paul and Aserkar Question for discussion in class “Effect of Govt. Bodies on export Scenario. Learning Outcomes: At the end of the session, the student should be able to identify the role of Govt, Semi-Govt and Private Institutions and . organizations in promoting exports Topic 2 : Export Import Documentation Sessions 4-9 : In this sessions initially there will be discussions on the various steps in an export process sequentially. Further their will be detailed discussions on the registration process with various bodies , commercial documents required for exporting, regulatory documents required for exporting and importing various commodities and services. Pre-Reading : CH 2 and 5, Export Import Management by Paul and Aserkar Questions for discussion in class : “ How to become an export oriented entrepreneur?” “Is IEC No a must for everyone who wants to be in export business ? Or there are exceptions also.” “Different Invoices , Different Importing Countries, Discuss.” Case discussions : Caselet : Steering the Indian Seafood Industry Ahead Case: A global manufacturing hub in the making. Caselet: Kelkar and Alpha Tyres
- 7. Learning Outcomes: At the end of the sessions, the students should be able to understand the step by step procedures of exporting business. The students would be knowing the registration requirements to obtain an IEC number to be entitled for export business. They will also be able to make and use proper and accurate commercial and regulatory documents and their applications required for export and import business. Topic 3 : Export Import Strategies Sessions 10-12 : In these sessions the students will be understanding the business plans and various export-import strategies adopted by organizations. Pre-Reading CH 4 , Export Import Management by Paul and Aserkar Question for discussion in class : “Export Strategies for Dairy products in India”. Learning Outcomes: At the end of these sessions, the students would be able to formulate successful export strategy to achieve global competitiveness. Topic 4 : Methods and Instruments of Payment and Pricing Incoterms Sessions 13-15 : In these sessions the students will be understanding the various methods and aspects of Instruments of Payments . Also they will understand the various International Contract Terms used. Pre-Reading CH 3 , Export Import Management by Paul and Aserkar Case discussions : Caselet : “Pricing EXIM Incoterms”. Learning Outcomes: At the end of these sessions, the students would be able to formulate various types of Letters of Credit and other Instruments of Payments and apply the various International Contract Terms in export usage.
- 8. Topic 5 : Methods of Financing Exporters Sessions 16-17 : In these sessions the students will be understanding the Basics of Export Financing and develop a deep knowledge about pre-shipment and post–shipment finance patterns. Pre-Reading CH 6 , Export Import Management by Paul and Aserkar Learning Outcomes: At the end of these sessions, the students would be able to know the ways to arrange finance pre and post shipment for the various export obligations. Topic 6 : Export Incentives Sessions 18-20 : In these sessions the students will be knowing about the various export incentive schemes given by the Govt of India and its allied bodies for various export obligations. Pre-Reading CH 15 , Export Import Management by Paul and Aserkar Learning Outcomes: At the end of these sessions, the students would be able to know the ways to benefit from the various export incentive schemes while exporting various commodities and services to different countries. Topic 7 : Shipping and Containerization Sessions 21-24 : In these sessions the students will be understanding the various characteristics of shipping industry and the role of intermediaries involved in logistics and shipping industry. The students will also be learning about the various concepts in containerization. Pre-Reading
- 9. CH 10,11,12 , Export Import Management by Paul and Aserkar Case discussions : Caselet : Shipping Conference VS Shippers Council Learning Outcomes: At the end of these sessions, the students would be able to know the structure and benefits accruing from shipping industry. They will also be learning about the various types of containers and their usage and advantages.
- 11. ASSESSMENT PLAN Assessment Method Weight age ( %) 1. Class Test 20 2. Project /Viva Voce 20 2. End Term Examination 60 TOTAL 100 DETAILS OF ASSESSMENT COMPONENT 1: CLASS TEST (20%) A Class Test of 1 Hour comprising of a Caselet and applicatory questions to test the understanding and application based knowledge of the student. COMPONENT 2 : PROJECT /VIVA VOCE (20%) FORMAT FOR SUBMISSION OF PROJECT Project components must be submitted according to the deadline specified in the table below, or by the instructor at the beginning of the module. The documents must be submitted to the instructor before 4 pm on the day of submission. Failure to submit without good cause (illness supported by a medical certificate or similar) will result in a zero mark. Submissions are to be made in hard copy or soft copy - as instructed by the faculty. When submitting coursework in hard-copy, you must include a cover page which specifies: • The component name • Your name / group member names • Student ID number (s) • Your section • The Module title • The name of the module instructor When sending documents on e-mail, you must ensure the following: • Subject Line to read "component name_your name_your section" • Body of the email specifying the enclosed attachments and your details (name (s), student ID number (s), section) COMPONENT 3 : END TERM EXAM (60%) A three-hour, closed book end term examination will be held at the conclusion of the course. The examination will test students' theoretical understanding through questions and their ability to apply various concepts to business problems, through case-lets. Feedback on students' performance in the exam will be provided when answer scripts are shown to students after a month of the exam.
- 12. Assessment Map This table shows main assessment methods which are used across module and its stages: Methods of Assessment Module A1 A2 A3 A4 A5 * * * * Notes: A1: Individual test/ Assignment A2: Group Assignment/ Project A3: Open Book Examination A4: Close Book Examination A5: Group Presentation Teaching Map This table shows main delivery methods which are used across module and its stages: Methods of Delivery Module T1 T2 T3 T4 T5 T6 * * * * Notes: T1: Lectures T2: Seminar/ Tutorials T3: Live Projects & Presentations T4: Case Discussion T5: Guest Lectures/ Industrial Visits T6: Lab Session Curriculum Map This table shows the main learning outcomes which are developed and/or assessed in this module: Methods of Delivery Module L1 L2 L3 L4 L5 L6 L7 L8 L9 * * * * * * * * Notes: L1: An understanding of organizations, their external context and their management. L2: An awareness of current issues in business & management which is informed by
- 13. research & practice in the field. L3: An understanding of appropriate techniques sufficient to allow investigation into relevant business & management issues. L4: The ability to acquire & analyze data and information. L5: The ability to apply relevant knowledge to practical situation. L6: The ability to work & lead effectively in a team based environment. L7: An improvement in both oral & written communication skills. L8: Be cognizant of the impact of their individual & corporate actions on society and recognize ethical business practices. L9: Be sensitive to the social economic and environmental responsibilities of business.