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BBA - International Trade and Law

International Commercial Transaction

Programme Objectives

The programme has the following aims:

  1. To enable the study of organisations, their management and the changing external and international contexts in which they operate.

  2. Equip individuals for and/or development of a career in international business and associated specialized areas in business development, marketing, finance and tourism management at a professional or equivalent level to assume managerial positions in the arena of international business.

  3. Development of the ability to apply knowledge and understanding of international business and management to complex issues, both systematically and creatively, to improve business and management practice.

  4. Enhancement of lifelong learning and personal development so as to be able to work with self-direction and originality and to contribute to business and society at large.

Benefits

On successful completion of the programme, participants will be able to:

  1. Demonstrate understanding of management theories, current issues of management, the development of conceptual frameworks to guide their application within organizations operating in an increasingly global and competitive environment.
  2. Acquire a strong foundation in key functional areas of business management to enable them to succeed as effective managers in an increasingly complex and dynamic environment.
  3. Exhibit a coherent body of knowledge on economic, ethical, environmental, legal, political, sociological and technological factors together with their effects at local, national and international levels upon the strategy, behaviour and management of organisations.
  4. Demonstrate command of a range of competencies relevant to cross-border management, including inter-cultural awareness and understanding.
  5. Acquire and use a range of concepts, tools and techniques for problem solving and decision-making for analyzing complex and inter-related business scenarios.
  6. Demonstrate and apply critical skills enabling the investigation and evaluation of valid and relevant management issues and practices.

Programme Content

Overview

This module allows students:

  • To understand the basic legal and administrative mechanism of international commerce transaction.
  • To build up the ability to do risk management through the understanding and proper application of the strategies from the international commerce transaction to the real international trade with the overseas customers.
  • To build up the potential to apply the principles and skills in international commerce transaction to the students’ real business transactions enforced through the classes of “Administration of International Trade”.

Learning is facilitated via a series of lectures and supplemented with discussions of topics taking place in regular tutorials/ discussion forums. The majority of classroom content is lectures that outline the theory and practice of international marketing communication issues supplemented with relevant case studies.

Learning Outcomes

On completion of this module, students will be able to understand and build up the potential to apply the followings to the practical field.

  • Preparation for the real business transaction in the world market.
  • Contribution to the students’ business performance materialized through the classes “Administration of International Trade”.
  • Increasing efficiency in doing international commerce transaction through the potential to treat with the specified trade issues arising from the practical fields of international trade.

Syllabus

This module covers the legal and administrative issues on the followings:

  • Export-import practice
  • Export-import legal framework
  • Resolving international business disputes
  • International contracts of sale and general conditions
  • Agency, distributorship, franchising and occasional intermediary contracts
  • International payment options
  • Short-term trade finance: factoring and forfeiting
  • Security for international transactions
  • International transport
  • Information and communication technologies and international trade

Resources

  • Jan Ramberg, Guide to Export-Import Basics, ICC Publication No.685 (2008).
  • Carole Murray, Schnitthoff’s Export Trade, Sweet & Maxwell (2007).