Global Trade Financing and Purchasing – Online Short Course

Course Overview

Foreign exchange transactions in an international trading company

• Verifying foreign exchange transactions.
• Carrying out foreign exchange receipt and payment procedures.
• Reporting on foreign exchange transactions.

Gather information and report on client profitability

• The concept of profitability benchmarking.
• Handling rate structure alternatives to those engaged in securing new business and retaining existing business.
• Processing and reporting on actual vs. benchmark profitability results to affected parties.

Generate shipment cost estimates                                                                                   

• Determining cost criteria.
• Selecting routing structure.
• Calculating and communicating estimates.

Perform international purchasing functions    

• Arranging a purchase order with an appointed supplier on receipt of requisitions.
• Following up and expedite international purchase orders.
• Initiating claims procedures in respect of goods that are received lost, damaged or discrepant.

Perform international trade calculations

• Using factorisation techniques for the purpose of allocating costs in international trade transactions involving a number of commodities.
• Applying percentage calculations in pricing negotiations, in order to determine their viability.
• Explaining and converting foreign currencies as part of landed and export costing calculations.
• Calculating interest on amounts owing and owed to the business for the purposes of cash flow management.
• Explaining and calculating landed and export costing using given variables.
• Performing break-even analysis.
• Performing cash flow analysis as part of international project management.

Secure freight forwarding business

• Demonstrating an understanding of the services offered by the company.
• Identifying potential sales targets.
• Quantifying and evaluating client needs.
• Formulating proposal to meet client requirements.
• Negotiating service offerings.
• Finalising service terms and conditions.
• Providing on-going support to clients.

Price and Duration 

This course can be started at anytime and should take approximately 14 weeks to complete on a part time basis.

Course Approval

This course forms part of the  Further Education and Training Certificate: Freight Forwarding and Customs Compliance , Unit Standard ID 59298 as an Elective component and contributes a total of 34 credits. TETA accredited and registered with SAQA.

Course Delivery

The course is delivered through the School of Shipping Learning website and allows you to study at your own pace. You may begin and register any time. A Subject Matter Expert and will provide you with academic support through the learning website and a Course Coordinator will also be available on email and telephone to provide you with administrative support.

Assessment and Award of the Certificate

You are not required to write any exams, assessments are completed online. You will need to achieve a mark of at least 60% for each assessment to receive the certification. Should you not gain competency on your first attempt one more resubmission will be allowed at no additional cost.

Entry Requirements

The only entry requirement for this course is a desire to learn and advance your career. In order to do this course, you will need:

• An email account
• Access to a computer and the internet
• Be able to open and read PDF documents
• Read and write in the English language