International Trade Overview
Learning objectives
By the end of this eCourse you will be able to:
Identify the different types of risks of importing and exporting.
Enumerate the sequence of events in a typical export transaction.
Understand the basic role and principles of a documentary credit.
Identify the key international organisations that influence international trade.
Describe how local, regional, and national chambers of commerce affect international business practices.
List the rules and requirements of Incoterms® and how they are used in contracts.
Distinguish the standard documents and systems in international trade.
Recognize the statistical and inforgraphical summary for international trade.
Identify the documents and steps involved in a documentary credit transaction.
Understand the difference between NGOs and IGOs, and their roles in trade.
Describe what Incoterms® are and the classes and adaptation of the terms.
Enumerate the costs, risks, and responsibilities in Incoterms®.
Course curriculum
Lessons
In this lesson, we cover an important concept for international exporters – risk management. You will learn how to manage risks on international transactions by relying on several globally recognised procedures, documents and standard rules.
In this lesson, you will learn about standard documents relevant to both exporters and importers when conducting business. We will also take a look at the role of trade finance in facilitating international transactions.
In this lesson, we will learn about the international organisations involved in the rule-setting and governance of international trade.
In this lesson we will cover the “international commercial terms” (Incoterms® 2020) which enable exporters to quote prices that clearly allocate the costs and risks of international transport between the seller and the buyer.
In this section, we will take a look at three sample case studies that showcase how simple solutions can remedy problems often seen in this sector.
FAQs
Answers to your most commonly asked questions.
This course forms part of the curriculum for the Export/Import Certificate (EIC) but can also be purchased on its own.
If you just complete this course then you will earn a Letter of Completion once you finish (please note there is no exam for this individual course).
However, this course can also be put towards achieving the EIC qualification. More details can be found here.
If you complete the EIC then you will earn a Certificate of Achievement, signed by the ICC Secretary General, once you pass the final exam.
A strong interest in international trade is recommended and all candidates need to be able to read and write in English.
Your purchase includes 12 months to access all 5 lessons. You can access the lessons as many times as you like within the 12-month access period.
This course is accredited by the London Institute of Banking and Finance (LIBF), the Institute of Banking and Finance Singapore (IBF), The Bankers Association for Finance and Trade (BAFT) and the Global Trade Professionals Alliance (GTPA).
Due to the immediate availability of our course content upon registration, ICC Academy has a strict no-refund policy for our courses and certifications. For more details, please refer to our Terms and Conditions.
This online course will take approximately 3-4 hours to complete depending on your level of experience.
Candidates will have 12 months to complete the 5 lessons.
- One-year access to the online course and all 5 lessons
- 3 case studies and 36 assessment questions – we’ll show you how to apply what you learn to real-world scenarios
- 23 animated explainer videos and 1 video lecture
- A printable glossary containing all the key terms for you to refer to throughout the course
- A downloadable study reference guide
- Dedicated, full-time IT support
Yes, all our courses are taken online. This means they are accessible at any time, from anywhere in the world. Learn when and where you want.
This course has been designed for export and import managers, trade finance bankers, freight forwarders and carriers, customs brokers, private and government inspectors and auditors, insurance providers, trade lawyers and trade promotion executives.
