Summarizing our
MBA of International Trade Management Program
| Total
Cost |
The total cost of
any course are US$ 490.00 in one only payment, or US$ 590.00 in
four payments of US$ 147.50. |
|
Scholarship
|
Our Board
will examine all requests for a partial fully justified
scholarship. We do not issue total scholarship. Any
partial scholarship must be paid in full. |
| Begin |
Any course will
begin five working days after your payment. |
| Duration |
Four and half
months (in Fast Track) or One year. We recommend the Fast Track model. |
| Languages |
All courses are in
English, plus the same lessons in one of the following
translations: Arabic, Bulgarian, Catalan, Chinese, Croatian,
Czech, Danish, Dutch, Filipino, Finnish, French, German, Greek,
Hebrew, Hindi, Indonesian, Italian, Japanese, Korean, Latvian,
Lithuanian, Norwegian, Polish, Portuguese, Romanian, Russian,
Serbian, Slovak, Slovenian, Espanol, Swedish, Ukrainian,
Vietnamese.
|
| Diploma |
After
the final exam, you will receive (through a Priority
Airmail Registered letter) a Diploma and a Transcript, both with
an official Public Notary signature and seal.
|
| Exam |
You
have two options for the final exam, at your choice: Or a
multiple choice test through the Web, or to write a 10-pages
white paper about the studied subject.
|
Brief Notes on International Trade Management - global export
Dr. S. Koner,
MBA Professor
Let’s assume that we havë a buyer, a broker/middleman, and a supplier/manufacturer. At the request of the broker, a buyer applies for a letter of credit, but this time there is no mention of the letter of credit needing to be transferable?
Domestic, regional and multinational corporations are scanning the globe to source and market their products, which is forcing the exporter to critically evaluate the kind and level of adaptation needed for various country markets.
Worst case scenario would be that the supplier goes ahead and ships the merchandise to the buyer but also contacts them proposing that they not use the LC as the method of payment. They might even suggest that instead of the LC, they would be happy to offer open account terms. They may propose that after the buyer has received the merchandise, they could wire transfer payment.
Outline the country or countries in which you plan to do business; identify your export objectives, both immediate and long-term; define the specific tactics you will use to achieve these objectives, such as a marketing and promotional plan and strategies; specify your distribution system and pricing; establish implementation and milestone schedules that reflect your objectives and tactics; and detail your allocation of resources.
The issuing bank needs to track the amendments to determine if the beneficiary has either accepted or rejected the change. If the beneficiary accepts the amendment, it can change the liability the applicant has with the LC.
As the shipment approached Chicago, Lowe’s customs agent, Fritz enterprises, directed Hanjin to release the shipment to a motor carrier so that it could be taken to a U.S. Customs facility for an intensive customs examination. After the inspection had been completed, the container sat for over a week in Channel’s unprotected yard, and was eventually stolen.
Pricing can be one of your most effective competitive weapons, but it is often the most challenging for new exporters to use effectively.
Now that the supplier is holding the Assignment of Proceeds they may feel confident that they will receive payment and release the merchandise to the middleman/beneficiary.
In a survey of 328 of the U.S.'s fastest growing enterprises, globally focused enterprises anticipated 1992 growth rates of 26.4 percent compared to 22.5 percent for firms that aren't involved in selling internationally.
The mere arrival of goods at their destination does not reduce the liability of the carrier where anything remains to be done by the carrier to effectuate delivery. Seaboard Allied Milling Corp. v. Consolidated Rail Corp., unreported, [D. Colo. 1980]; Keystone Motor Freight Lines v. Brannon-Signaigo Cigar Co., 115 F.2d 736 [5th Cir. 1940].
Remember, most letters of credit are freely negotiable, meaning that the beneficiary could present documents to any bank. By endorsing the LC, any bank that might receive documents will know that an assignment has been made.
You need to weigh many of the same factors you would when pricing for domestic markets, such as the costs of production, packaging, transportation and handling as well as promotion and selling expenses.
A thorough corporate self analysis or self audit is needed to understand to what extent the exporter is willing to gather information and invest in adaptation of the product for customers in a specific country market or region of the world.
Transportation is not completed until a shipment has both arrived at its destination and has been delivered. Danciger v. Cooley, 248 U.S. 319, 327 [1919].
What flies off the shelves in Chicago may not necessarily be a great seller in Munich. Cultural differences and varying product standards can present serious barriers if you aren't willing to adapt your commodity to your new target market.
Dr. S Koner is a MBA Professor of the education organization http://itm.mba-low-cost.com, with almost 60 years of experience in the areas of information technology and business management. |
