International Trade Practice and Operation

Objective: This course explores the variety of regulations, procedures, financial tools, and documents that are necessary to successfully trade goods from one region of the globe to another.
Content: Market risk analysis; transaction process flow; tools such as credit insurance; internet-based bank documentation; services and resources provided by national and international organizations; international trade law and practice, import and export practice, international finance, international transport and insurance, international arbitration, etc; World Customs Organization (WCO); Relationship between World Customs Organization and World Trade Organization (WTO); Revised Kyoto Protocol; Resolutions of Conflicts Under WCO; Economic/Regional Trading Blocs; Persons Involved in International Trade; Main Steps and Documents in International Trade Transactions in Kenya; International Commercial Terms (INCOTerms); International Forms and Methods of Payment; Remittances and Settlements.