I. Course Prefix/Number: GBS 205
Course Name: Import/Export Basics
Credits: 3 (3 lecture; 0 lab)
III. Course (Catalog) Description
IV. Learning Objectives
1. Identify international regulations regarding transportation of goods between countries and their historical origins.
2. Demonstrate compliance of U. S. government regulations for both imports and exports.
3. Evaluate the use of insurance in protecting both the buyer and the seller against loss.
4. Weigh all methods of payment, letters of credit, drafts and terms--how they are used in negotiation to gain additional sales and how to use them to gain added protection against loss.
5. Calculate freight rates and how to find hidden ways to reduce freight rates for you or your company.
6. Differentiate all foreign trade terms, abbreviations and the many documents used in import/export.
7. Discuss the role of the freight forwarder and how to use forwarders to improve your position.
V. Academic Integrity
• plagiarism (turning in work not written by you, or lacking proper citation),
• falsification and fabrication (lying or distorting the truth),
• helping others to cheat,
• unauthorized changes on official documents,
• pretending to be someone else or having someone else pretend to be you,
• making or accepting bribes, special favors, or threats, and
• any other behavior that violates academic integrity.
There are serious consequences to violations of the academic integrity policy. Oakton's policies and procedures provide students a fair hearing if a complaint is made against you. If you are found to have violated the policy, the minimum penalty is failure on the assignment and, a disciplinary record will be established and kept on file in the office of the Vice President for Student Affairs for a period of 3 years.
Details of the Code of Academic Conduct can be found in the Student Handbook.
VI. Sequence of Topics
1. History of foreign freight forwarding.
2. The political and economic significance of the foreign freight forwarder.
3. The functional position of the foreign freight forwarder in international commerce.
Part two - Legal Principals Applicable to Foreign Freight Forwarding
4. Government regulations affecting forwarders and their practices.
5. Legal status of the foreign freight forwarder.
6. United States export control.
Part three - Ocean Shipping
7. Freedom of the seas
8. Liner and tramp service
9. The conference system
10. Ocean freight rates and tariffs
11. Terminal and port charges
12. Cargo handling
13. Documents required by ocean carriers
14. Documents required by foreign governments
15. Documents used in foreign freight forwarding
Part four - Marine Insurance
16. Marine insurance
17. The forwarder as insurance broker
18. Types of marine insurance policies and certificates
19. Basic fundamentals of coverage
20. Analysis of the insurance policy
21. Adjustments of claim-requirements and procedures
Part five - Export and Import Banking
22. Credit and payment terms
23. Commercial letters of credit
Part six - Procedures in Handling of Export Shipments
25. Transportation to seaboard
26. Part activities
27. Combination shipments
Part seven - Customs Brokerage
28. United States tariff policies
29. The customhouse broker
30. Import procedures
31. The foreign trade zone
Part eight - Accessorial Services and Trade Promotion
33. Air shipping
34. Information and special services
Part nine - The Business Organization of the Foreign Freight Forwarder
35. The structural and financial organization
36. The internal organization
Part ten - Revenue
VII. Methods of Instruction
Course may be taught as face-to-face, media-based, hybrid or online course.
VIII. Course Practices Required
2. Writing Assignments
3. Homework Assignments
IX. Instructional Materials
Varies by instructor.
X. Methods of Evaluating Student Progress
XI. Other Course Information
B. Each instructor will establish policies with respect to make-up exams, incomplete grades, etc.
If you have a documented learning, psychological, or physical disability you may be entitled to reasonable academic accommodations or services. To request accommodations or services, contact the Access and Disability Resource Center at the Des Plaines or Skokie campus. All students are expected to fulfill essential course requirements. The College will not waive any essential skill or requirement of a course or degree program.