INTERNATIONAL TRADE OPERATIONS
Shandong University of Finance and Economics
Course Code：
Total Number of Instruction Hours: 32
Number of Credits：2+3
About this Course
International Trade Operations, which is one of the basic courses for college students majoring in International Trade and Business, intends to study the business related to international trade. Nowadays, the international trade is coming through a great change, i.e. the Economic Globalization and Regional Economic Integration. With the unceasing update of the contents of the international trade, many new modes, laws and practices of the international trade come into being. For this regard, the purpose of this course has been designed to high qualified international trade specialists, who will possess necessary knowledge in both international trade theories and practices. During the class, the students will learn a comprehensive knowledge system consisting of international sales contract clauses, the INCOTERMS, the conclusion and performance of the international import and export contracts, traditional and new trade forms in the international business. The focus of the course is on the practical operation of various international trade theories and customs.
Prerequisites and Preparation
International Economics, International Business Negotiation, International Marketing
Course Goals
After completing this course, students should have developed a range of knowledge enabling them to understand international trade operation and use those theories and practices to analyze specific trade affairs
By the end of this course, students should be able to:
·         To master the procedure of International Trade Operation
·         To learn how to make required documents
·         To learn to do business in accordance with the trade policy, the laws and regulations of the world and the international trade conventions
Course Components and Requirements
·         Business Contract
·         Quality and Quantity of Goods
·         Packing of Goods
·         Price of Goods (Incoterms 2010)
·         Delivery of Goods
·         Cargo Transportation Insurance
·         Payment of Purchase Price
·         Disputes, Claim, Arbitration and Force Majeure
·         Business Negotiation and Conclusion of Contract
Teaching Methods
·         Lectures
·         Case Studies
·         Class Discussion
Deliverables and Grading
Method of evaluation and grading:
1）There will be three mandatory questions sets which will be individually graded. At the end of the term students will have the best two homework grades cumulated up and this will count for 10% of the final course grade.
2）There will be many case studies in the class. Students should participate in the discussion and give their opinions, which count as 20% of the grade.
3）Finally the students will be asked to present a paper in the range of international trade, which will count as the remaining 70% of the grade.