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CUS104 International Trade Terms and Documentation (16)

Abstract

This subject introduces students to the international sale of goods which necessarily involves the transport of goods by sea, air or land across borders. The carriage of those goods generates both risks and costs. The contractual and documentary aspects of international trade, including how such issues, risks and costs impact on customs activities in areas such as declaration processing and customs valuation will be addressed. In addition, students will learn to identify sources of information on international business transactions and to apply this information in the workplace.

+ Subject Availability Modes and Location

Session 1
OnlineCanberra Campus
Session 2
OnlineCanberra Campus
Continuing students should consult the SAL for current offering details: CUS104
Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject information

Duration Grading System School:
One sessionHD/FLCentre for Customs and Excise Studies

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to demonstrate an in-depth knowledge and understanding of the terminology used in international trade, with particular emphasis on international commercial terms of trade or Incoterms.
  • be able to demonstrate an in-depth knowledge of the key commercial documents generated in an international sales transaction.
  • be able to discuss the importance of particular commercial documents to effective border management.
  • be able to discuss key aspects of international trade contracts, including the relevant documents and the associated commercial risks facing the various members of the international trade and transport community, and their mitigation.
  • be able to demonstrate a knowledge and understanding of the underlying legal framework that supports international trade transactions.
  • be able to discuss the contractual relationships formed in international trade transactions.
  • be able to evaluate the commercial and regulatory benefits of Carnets, Single Administrative Documents (SAD) and Single Goods Declarations (SGD

Syllabus

The subject will cover the following topics:
  • Contracts of Carriage Sea: Air, Land, Multimodal
  • International Contracts of Sale Legal: Framework and relevant Conventions
  • Incoterms: International payments and financing
  • Key documents used in international trade: Commercial invoice, Bills of Lading and Airway Bills, Packing List, Certificates of Origin, Cargo Manifests
  • International commercial terms (Incoterms)
  • insurance and financial settlements
  • Carnets
  • Single Administrative Document (SAD)
  • Single Goods Declaration (SGD)

Back

The information contained in the 2018 CSU Handbook was accurate at the date of publication: 04 September 2017. The University reserves the right to vary the information at any time without notice.