User:Jukeboksi/BBA studies/Entering Target Markets - Revision history

Jukeboksi: rm link to non-existent article

2020-06-30T12:46:04Z

rm link to non-existent article

← Older revision		Revision as of 12:46, 30 June 2020
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	== Export and import practicalities - Lesson 2 - Good sales quotations and Incoterms ==		== Export and import practicalities - Lesson 2 - Good sales quotations and Incoterms ==
	~~'''Recap from [[Business Negotiations and Contracts]]'''~~

	* A '''[[w:sales quote\|sales quote]]''' allows a prospective buyer to see what [[w:cost\|cost]]s would be involved for the work they would like to have done. ( Wikipedia )		* A '''[[w:sales quote\|sales quote]]''' allows a prospective buyer to see what [[w:cost\|cost]]s would be involved for the work they would like to have done. ( Wikipedia )

Jukeboksi: + This article used to be at the address https://GloBBA12.si/wiki/Entering_Target_Markets from 2012 to 2016 and https://wiki.study/regarding/Entering_Target_Markets from 2016 to 2020

2020-06-30T12:35:03Z

+ This article used to be at the address https://GloBBA12.si/wiki/Entering_Target_Markets from 2012 to 2016 and https://wiki.study/regarding/Entering_Target_Markets from 2016 to 2020

← Older revision		Revision as of 12:35, 30 June 2020
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	== Export and import practicalities - Lesson 7 - Costs in import/export ==		== Export and import practicalities - Lesson 7 - Costs in import/export ==


			----
			<center>This article '''used to be''' at the address '''<nowiki>https://GloBBA12.si/wiki/Entering_Target_Markets</nowiki>''' from 2012 to 2016 and '''<nowiki>https://wiki.study/regarding/Entering_Target_Markets</nowiki>''' from 2016 to 2020</center>

	[[Category:realcontent]]		[[Category:realcontent]]

Jukeboksi: Jukeboksi moved page User:Jukeboksi/studied business administration/Entering Target Markets to User:Jukeboksi/BBA studies/Entering Target Markets without leaving a redirect

2020-04-02T17:46:05Z

Jukeboksi moved page User:Jukeboksi/studied business administration/Entering Target Markets to User:Jukeboksi/BBA studies/Entering Target Markets without leaving a redirect

← Older revision		Revision as of 17:46, 2 April 2020
(No difference)

Jukeboksi: 64 revisions imported: Wikinotes from business administration studies at Haaga-Helia UAS 2012-2015

2020-02-22T18:34:46Z

64 revisions imported: Wikinotes from business administration studies at Haaga-Helia UAS 2012-2015

← Older revision		Revision as of 18:34, 22 February 2020
(No difference)

wikistudy>Jukeboksi: various tweaks and fixes

2015-01-23T20:43:35Z

various tweaks and fixes

← Older revision		Revision as of 20:43, 23 January 2015
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			Course code: IBU2LF004

	= Theme 1 - Methods of internationalization =		= Theme 1 - Methods of internationalization =
			Teacher: Päivi Käri-Zein

	* A '''[[w:market entry strategy\|market entry strategy]]''' is the planned method of delivering [[w:good (economics)\|goods]] or [[w:Service (economics)\|services]] to a new '''[[w:target market\|target market]]''' and distributing them there. ( Wikipedia )		* A '''[[w:market entry strategy\|market entry strategy]]''' is the planned method of delivering [[w:good (economics)\|goods]] or [[w:Service (economics)\|services]] to a new '''[[w:target market\|target market]]''' and distributing them there. ( Wikipedia )
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	== Export entry modes ==		== Methods of internationalization - Lesson 1 - Export entry modes ==


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	== Requirements for internationalization ==		== Methods of internationalization - Lesson 2 - Requirements for internationalization ==

	* '''[[w:Internationalization\|Internationalization]]''' has been viewed as a process of increasing involvement of enterprises in international markets. ( Wikipedia )		* '''[[w:Internationalization\|Internationalization]]''' has been viewed as a process of increasing involvement of enterprises in international markets. ( Wikipedia )
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	:*in some jurisdictions [[w:trade secret\|trade secret]]s. ( Wikipedia )		:*in some jurisdictions [[w:trade secret\|trade secret]]s. ( Wikipedia )

	== Licensing and franchising ==		== Methods of internationalization - Lesson 3 - Licensing and franchising ==

	* The verb '''[[w:license\|license]]''' or grant license means to give permission. The noun license refers to that permission as well as to the document recording that permission. ( Wikipedia )		* The verb '''[[w:license\|license]]''' or grant license means to give permission. The noun license refers to that permission as well as to the document recording that permission. ( Wikipedia )
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	* How does the licensor make money? How does the [[w:licensee\|licensee]] make money?		* How does the licensor make money? How does the [[w:licensee\|licensee]] make money?

	== Foreign direct investment ==		== Methods of internationalization - Lesson 1 - Foreign direct investment ==

	* '''[[w:Foreign direct investment\|Foreign direct investment]]''' ('''FDI''') is a direct investment into production or business in a country by an individual or company of another country, either by buying a company in the target country or by expanding operations of an existing business in that country. Foreign direct investment is in contrast to [[w:portfolio investment\|portfolio investment]] which is a passive investment in the securities of another country such as [[w:stock\|stock]]s and [[w:Bond (finance)\|bonds]]. ( Wikipedia )		* '''[[w:Foreign direct investment\|Foreign direct investment]]''' ('''FDI''') is a direct investment into production or business in a country by an individual or company of another country, either by buying a company in the target country or by expanding operations of an existing business in that country. Foreign direct investment is in contrast to [[w:portfolio investment\|portfolio investment]] which is a passive investment in the securities of another country such as [[w:stock\|stock]]s and [[w:Bond (finance)\|bonds]]. ( Wikipedia )
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	* '''[[w:Consolidation (business)\|Consolidation]]''' of an industry or sector occurs when widespread M&A activity concentrates the resources of many small companies into a few larger ones, such as occurred with the [[w:automotive industry\|automotive industry]] between 1910 and 1940. ( Wikipedia on Mergers and acquisitions )		* '''[[w:Consolidation (business)\|Consolidation]]''' of an industry or sector occurs when widespread M&A activity concentrates the resources of many small companies into a few larger ones, such as occurred with the [[w:automotive industry\|automotive industry]] between 1910 and 1940. ( Wikipedia on Mergers and acquisitions )

	= Theme 2 Export and import practicalities =		= Theme 2 - Export and import practicalities =
	* '''[[w:International trade\|International trade]]''' is the exchange of [[w:Capital (economics)\|capital]], [[w:good (economics)\|goods]], and [[w:Service (economics)\|services]] across [[w:international borders\|international borders]] or territories. ( Wikipedia )		Teacher: Pertti Tilli

			* '''[[w:International trade\|International trade]]''' ( [[w:fi:kansainvälinen kauppa]] ) is the exchange of [[w:Capital (economics)\|capital]], [[w:good (economics)\|goods]], and [[w:Service (economics)\|services]] across [[w:international borders\|international borders]] or territories. ( Wikipedia )

	* '''[[w:Import\|Import]]''' / '''[[w:export\|export]]'''		* '''[[w:Import\|Import]]''' / '''[[w:export\|export]]'''

	== Lesson 1 - Basics of import/export ==		== Export and import practicalities - Lesson 1 - Basics of import/export ==

	* A '''[[w:letter of credit\|letter of credit]]''' is a document issued by a financial institution, or a similar party, assuring payment to a seller of goods and/or services provided certain documents have been presented to the bank. ( Wikipedia )		* A '''[[w:letter of credit\|letter of credit]]''' is a document issued by a financial institution, or a similar party, assuring payment to a seller of goods and/or services provided certain documents have been presented to the bank. ( Wikipedia )
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	* '''[[w:Multimodal transport\|Multimodal transport]]''' (also known as combined transport) is the transportation of goods under a single contract, but performed with at least two different means of [[w:transport\|transport]]; the carrier is liable (in a legal sense) for the entire carriage, even though it is performed by several different modes of transport (by rail, sea and road, for example). ( Wikipedia )		* '''[[w:Multimodal transport\|Multimodal transport]]''' (also known as combined transport) is the transportation of goods under a single contract, but performed with at least two different means of [[w:transport\|transport]]; the carrier is liable (in a legal sense) for the entire carriage, even though it is performed by several different modes of transport (by rail, sea and road, for example). ( Wikipedia )

	== Lesson 2 - Good sales quotations and Incoterms ==		== Export and import practicalities - Lesson 2 - Good sales quotations and Incoterms ==
	'''Recap from [[Business Negotiations and Contracts]]'''		'''Recap from [[Business Negotiations and Contracts]]'''

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	* Interest rate risk		* Interest rate risk

	== Lesson 3 NO CLASS ==		== Export and import practicalities - Lesson 3 NO CLASS ==

	== Lesson 4 - Documents and payments in international business ==		== Export and import practicalities - Lesson 4 - Documents and payments in international business ==

	* '''[[w:International monetary systems\|International monetary systems]]''' are sets of internationally agreed rules, conventions and supporting institutions, that facilitate [[w:international trade\|international trade]], [[w:foreign investment\|cross border investment]] and generally the [[w:redistribution (economics)\|reallocation of capital]] between [[w:nation state\|nation state]]s. They provide means of payment acceptable between buyers and sellers of different nationality, including deferred payment. To operate successfully, they need to inspire confidence, to provide sufficient liquidity for fluctuating levels of trade and to provide means by which global imbalances can be corrected. ( Wikipedia )		* '''[[w:International monetary systems\|International monetary systems]]''' are sets of internationally agreed rules, conventions and supporting institutions, that facilitate [[w:international trade\|international trade]], [[w:foreign investment\|cross border investment]] and generally the [[w:redistribution (economics)\|reallocation of capital]] between [[w:nation state\|nation state]]s. They provide means of payment acceptable between buyers and sellers of different nationality, including deferred payment. To operate successfully, they need to inspire confidence, to provide sufficient liquidity for fluctuating levels of trade and to provide means by which global imbalances can be corrected. ( Wikipedia )
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	* The '''[[w:International Bank Account Number\|International Bank Account Number]]''' ('''[[w:IBAN\|IBAN]]''') is an internationally agreed means of identifying [[w:bank account\|bank account]]s across national borders with a reduced risk of [[w:transcription error\|transcription error]]s. ( Wikipedia )		* The '''[[w:International Bank Account Number\|International Bank Account Number]]''' ('''[[w:IBAN\|IBAN]]''') is an internationally agreed means of identifying [[w:bank account\|bank account]]s across national borders with a reduced risk of [[w:transcription error\|transcription error]]s. ( Wikipedia )

	=== [[w:Document\|Document]]s in [[w:international trade\|international trade]] ===		=== Export and import practicalities - [[w:Document\|Document]]s in [[w:international trade\|international trade]] ===

	[[w:Exporter\|Exporter]]:		[[w:Exporter\|Exporter]]:
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	::::(from teacher's slides)		::::(from teacher's slides)

	=== Methods of [[w:payment\|payment]] ===		=== Export and import practicalities - Methods of [[w:payment\|payment]] ===
	* '''Open account'''		* '''Open account'''
	* '''[[w:Documentary credit\|Documentary credit]]''' -> redirects to '''[[w:L/C\|L/C]]''' as it ensures the payment.		* '''[[w:Documentary credit\|Documentary credit]]''' -> redirects to '''[[w:L/C\|L/C]]''' as it ensures the payment.
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	:::::: Documentary collection is done with the '''[[w:Bill of lading\|Bill of lading]]''' ( jubo-jubo )		:::::: Documentary collection is done with the '''[[w:Bill of lading\|Bill of lading]]''' ( jubo-jubo )

	== Lesson 5 - NO CLASS ==		== Export and import practicalities - Lesson 5 - NO CLASS ==

	== Lesson 6 - Customs, risk management and currency questions ==		== Export and import practicalities - Lesson 6 - Customs, risk management and currency questions ==
	* '''[[w:Customs\|Customs]]''' is an [[w:authority\|authority]] or [[w:Government agency\|agency]] in a country responsible for collecting [[w:Duty (economics)\|customs duties]] and for controlling the flow of goods, including animals, transports, personal effects, and [[w:hazard\|hazard]]ous items, into and out of a country. ( Wikipedia )		* '''[[w:Customs\|Customs]]''' is an [[w:authority\|authority]] or [[w:Government agency\|agency]] in a country responsible for collecting [[w:Duty (economics)\|customs duties]] and for controlling the flow of goods, including animals, transports, personal effects, and [[w:hazard\|hazard]]ous items, into and out of a country. ( Wikipedia )

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	* '''[[w:Foreign exchange risk\|Foreign exchange risk]]''' (also known as '''exchange rate risk''' or '''currency risk''') is a [[w:financial risk\|financial risk]] that exists when a financial transaction is denominated in a [[w:currency\|currency]] other than that of the base currency of the company. ( Wikipedia )		* '''[[w:Foreign exchange risk\|Foreign exchange risk]]''' (also known as '''exchange rate risk''' or '''currency risk''') is a [[w:financial risk\|financial risk]] that exists when a financial transaction is denominated in a [[w:currency\|currency]] other than that of the base currency of the company. ( Wikipedia )

	== Lesson 7 - Costs in import/export ==		== Export and import practicalities - Lesson 7 - Costs in import/export ==

	[[Category:realcontent]]		[[Category:realcontent]]
			[[Category:Mandatory courses in GloBBA]]
			[[Category:Second year studies in GloBBA]]
			[[Category:Umbarella courses in GloBBA]]

wikistudy>Jukeboksi: 62 revisions: new try at importing

2014-07-26T19:36:47Z

62 revisions: new try at importing

← Older revision		Revision as of 19:36, 26 July 2014
(No difference)

wikistudy>Jukeboksi: Category:realcontent

2014-07-26T18:04:51Z

Category:realcontent

← Older revision		Revision as of 18:04, 26 July 2014
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	== Lesson 7 - Costs in import/export ==		== Lesson 7 - Costs in import/export ==

			[[Category:realcontent]]

wikistudy>Jukeboksi: /* Methods of payment */ fmt

2014-05-22T13:05:26Z

Methods of payment: fmt

← Older revision		Revision as of 13:05, 22 May 2014
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	=== Methods of [[w:payment\|payment]] ===		=== Methods of [[w:payment\|payment]] ===
	* '''Open account'''		* '''Open account'''
			* '''[[w:Documentary credit\|Documentary credit]]''' -> redirects to '''[[w:L/C\|L/C]]''' as it ensures the payment.
			* '''[[w:Advance payment\|Advance payment]]''' ( Teacher )
	* '''[[w:Documentary collection\|Documentary collection]]'''		* '''[[w:Documentary collection\|Documentary collection]]'''
	* '''[[w:~~Documentary credit\|Documentary credit]]''' -> L/C ensures payment~~		:::A '''[[w:documentary collection\|documentary collection]]''' is a process, in which the [[w:seller\|seller]] instructs his [[w:bank\|bank]] to forward [[w:document\|document]]s related to the [[w:export\|export]] of goods to the [[w:buyer\|buyer]]'s bank with a request to present these documents to the buyer for [[w:payment\|payment]], indicating when and on what conditions these documents can be released to the buyer. ( Wikipedia )
	* '''[[w:~~Advance payment\|Advance payment]]'''~~		::::::Documentary Collections facilitate [[w:import\|import]]/export operations. ''They do not provide the same level of security as '''[[w:Letters of credit\|Letters of Credit]]''', but, as a result, the costs are lower.'' ( Wikipedia )
			::::::Unlike the Letters of Credit, for a Documentary Collection the bank acts as a channel for the documents but does not issue any [[w:payment covenant\|payment covenant]]s (does not guarantee payment). The bank that has received a documentary collection may [[w:debit\|debit]] the buyer's account and make payment only if authorised by the buyer. ( Wikipedia )
	* A '''[[w:documentary collection\|documentary collection]]''' is a process, in which the [[w:seller\|seller]] instructs his [[w:bank\|bank]] to forward [[w:document\|document]]s related to the [[w:export\|export]] of goods to the [[w:buyer\|buyer]]'s bank with a request to present these documents to the buyer for [[w:payment\|payment]], indicating when and on what conditions these documents can be released to the buyer. ( Wikipedia )		:::::: Documentary collection is done with the '''[[w:Bill of lading\|Bill of lading]]''' ( jubo-jubo )
	:::Documentary Collections facilitate [[w:import\|import]]/export operations. ''They do not provide the same level of security as '''[[w:Letters of credit\|Letters of Credit]]''', but, as a result, the costs are lower.'' ( Wikipedia )
	:::Unlike the Letters of Credit, for a Documentary Collection the bank acts as a channel for the documents but does not issue any [[w:payment covenant\|payment covenant]]s (does not guarantee payment). The bank that has received a documentary collection may [[w:debit\|debit]] the buyer's account and make payment only if authorised by the buyer. ( Wikipedia )
	::: Documentary collection is done with the '''[[w:Bill of lading\|Bill of lading]]''' ~~( jubo-jubo )~~

	* '''Documentary credit''' redirects to '''[[w:L/C\|L/C]]''' as L/C as it is done with L/C ( jubo-jubo )

	== Lesson 5 - NO CLASS ==		== Lesson 5 - NO CLASS ==

wikistudy>Jukeboksi: headings added and stuff moved around and redundancy removed

2014-05-22T12:59:21Z

headings added and stuff moved around and redundancy removed

← Older revision		Revision as of 12:59, 22 May 2014
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	* A '''[[w:contract of sale\|contract of sale]]''' is a legal [[w:contract\|contract]] an exchange of goods, services or property to be exchanged from seller (or vendor) to buyer (or purchaser) for an agreed upon value in money (or money equivalent) paid or the promise to pay same. ( Wikipedia )		* A '''[[w:contract of sale\|contract of sale]]''' is a legal [[w:contract\|contract]] an exchange of goods, services or property to be exchanged from seller (or vendor) to buyer (or purchaser) for an agreed upon value in money (or money equivalent) paid or the promise to pay same. ( Wikipedia )

			* '''[[w:Multimodal transport\|Multimodal transport]]''' (also known as combined transport) is the transportation of goods under a single contract, but performed with at least two different means of [[w:transport\|transport]]; the carrier is liable (in a legal sense) for the entire carriage, even though it is performed by several different modes of transport (by rail, sea and road, for example). ( Wikipedia )

	== Lesson 2 - Good sales quotations and Incoterms ==		== Lesson 2 - Good sales quotations and Incoterms ==
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	* Bank risk		* Bank risk
	* Interest rate risk		* Interest rate risk

	* A '''[[w:documentary collection\|documentary collection]]''' is a process, in which the [[w:seller\|seller]] instructs his [[w:bank\|bank]] to forward [[w:document\|document]]s related to the [[w:export\|export]] of goods to the [[w:buyer\|buyer]]'s bank with a request to present these documents to the buyer for [[w:payment\|payment]], indicating when and on what conditions these documents can be released to the buyer. ( Wikipedia )
	:::Documentary Collections facilitate [[w:import\|import]]/export operations. ''They do not provide the same level of security as '''[[w:Letters of credit\|Letters of Credit]]''', but, as a result, the costs are lower.'' ( Wikipedia )
	:::Unlike the Letters of Credit, for a Documentary Collection the bank acts as a channel for the documents but does not issue any [[w:payment covenant\|payment covenant]]s (does not guarantee payment). The bank that has received a documentary collection may [[w:debit\|debit]] the buyer's account and make payment only if authorised by the buyer. ( Wikipedia )
	~~::: Documentary collection is done with the '''[[w:Bill of lading\|Bill of lading]]''' ( jubo-jubo )~~

	* '''Documentary credit''' redirects to '''[[w:L/C\|L/C]]''' as L/C as it is done with L/C ( jubo-jubo )

	== Lesson 3 NO CLASS ==		== Lesson 3 NO CLASS ==
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	* The '''[[w:International Bank Account Number\|International Bank Account Number]]''' ('''[[w:IBAN\|IBAN]]''') is an internationally agreed means of identifying [[w:bank account\|bank account]]s across national borders with a reduced risk of [[w:transcription error\|transcription error]]s. ( Wikipedia )		* The '''[[w:International Bank Account Number\|International Bank Account Number]]''' ('''[[w:IBAN\|IBAN]]''') is an internationally agreed means of identifying [[w:bank account\|bank account]]s across national borders with a reduced risk of [[w:transcription error\|transcription error]]s. ( Wikipedia )

	~~'''~~[[w:Document\|Document]]s in [[w:international trade\|international trade]]~~''' (from teacher's slides):~~		=== [[w:Document\|Document]]s in [[w:international trade\|international trade]] ===

	[[w:Exporter\|Exporter]]:		[[w:Exporter\|Exporter]]:
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	:* [[w:Purchase order\|Purchase order]]		:* [[w:Purchase order\|Purchase order]]
	:* [[w:Letter of Credit\|Letter of Credit]] application		:* [[w:Letter of Credit\|Letter of Credit]] application
	:* [[w:Import\|Import]] declaration		:* [[w:Import\|Import]] declaration
			::::(from teacher's slides)

	~~'''~~Methods of [[w:payment\|payment]]~~'''~~		=== Methods of [[w:payment\|payment]] ===
	* '''Open account'''		* '''Open account'''
	* '''[[w:Documentary collection\|Documentary collection]]''' is a process, in which the [[w:seller\|seller]] instructs his [[w:bank\|bank]] to forward [[w:document\|document]]s related to the [[w:export\|export]] of goods to the [[w:buyer\|buyer]]'s bank with a request to present these documents to the buyer for [[w:payment\|payment]], indicating when and on what conditions these documents can be released to the buyer. ( Wikipedia )		* '''[[w:Documentary collection\|Documentary collection]]'''
	* '''[[w:Documentary credit\|Documentary credit]]''' -> L/C		* '''[[w:Documentary credit\|Documentary credit]]''' -> L/C ensures payment
	* '''[[w:Advance payment\|Advance payment]]'''		* '''[[w:Advance payment\|Advance payment]]'''

			* A '''[[w:documentary collection\|documentary collection]]''' is a process, in which the [[w:seller\|seller]] instructs his [[w:bank\|bank]] to forward [[w:document\|document]]s related to the [[w:export\|export]] of goods to the [[w:buyer\|buyer]]'s bank with a request to present these documents to the buyer for [[w:payment\|payment]], indicating when and on what conditions these documents can be released to the buyer. ( Wikipedia )
			:::Documentary Collections facilitate [[w:import\|import]]/export operations. ''They do not provide the same level of security as '''[[w:Letters of credit\|Letters of Credit]]''', but, as a result, the costs are lower.'' ( Wikipedia )
			:::Unlike the Letters of Credit, for a Documentary Collection the bank acts as a channel for the documents but does not issue any [[w:payment covenant\|payment covenant]]s (does not guarantee payment). The bank that has received a documentary collection may [[w:debit\|debit]] the buyer's account and make payment only if authorised by the buyer. ( Wikipedia )
			::: Documentary collection is done with the '''[[w:Bill of lading\|Bill of lading]]''' ( jubo-jubo )

	* '''[[w:~~Multimodal transport~~\|~~Multimodal transport~~]]''' ~~(also known~~ as ~~combined transport)~~ is ~~the transportation of goods under a single contract, but performed~~ with at least two different means of [[w:transport\|transport]]; the carrier is liable (in a legal sense) for the entire carriage, even though it is performed by several different modes of transport (by rail, sea and road, for example). ( ~~Wikipedia~~ )		* '''Documentary credit''' redirects to '''[[w:L/C\|L/C]]''' as L/C as it is done with L/C ( jubo-jubo )

	== Lesson 5 - NO CLASS ==		== Lesson 5 - NO CLASS ==

wikistudy>Jukeboksi: fixing link

2014-05-22T12:49:40Z

fixing link

← Older revision		Revision as of 12:49, 22 May 2014
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	:::Documentary Collections facilitate [[w:import\|import]]/export operations. ''They do not provide the same level of security as '''[[w:Letters of credit\|Letters of Credit]]''', but, as a result, the costs are lower.'' ( Wikipedia )		:::Documentary Collections facilitate [[w:import\|import]]/export operations. ''They do not provide the same level of security as '''[[w:Letters of credit\|Letters of Credit]]''', but, as a result, the costs are lower.'' ( Wikipedia )
	:::Unlike the Letters of Credit, for a Documentary Collection the bank acts as a channel for the documents but does not issue any [[w:payment covenant\|payment covenant]]s (does not guarantee payment). The bank that has received a documentary collection may [[w:debit\|debit]] the buyer's account and make payment only if authorised by the buyer. ( Wikipedia )		:::Unlike the Letters of Credit, for a Documentary Collection the bank acts as a channel for the documents but does not issue any [[w:payment covenant\|payment covenant]]s (does not guarantee payment). The bank that has received a documentary collection may [[w:debit\|debit]] the buyer's account and make payment only if authorised by the buyer. ( Wikipedia )
	::: Documentary collection is done with the '''[[w:~~BoL~~]]''' ( jubo-jubo )		::: Documentary collection is done with the '''[[w:Bill of lading\|Bill of lading]]''' ( jubo-jubo )

	* '''Documentary credit''' redirects to '''[[w:L/C\|L/C]]''' as L/C as it is done with L/C ( jubo-jubo )		* '''Documentary credit''' redirects to '''[[w:L/C\|L/C]]''' as L/C as it is done with L/C ( jubo-jubo )

← Older revision		Revision as of 13:05, 22 May 2014
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	=== Methods of [[w:payment\|payment]] ===		=== Methods of [[w:payment\|payment]] ===
	* '''Open account'''		* '''Open account'''
			* '''[[w:Documentary credit\|Documentary credit]]''' -> redirects to '''[[w:L/C\|L/C]]''' as it ensures the payment.
			* '''[[w:Advance payment\|Advance payment]]''' ( Teacher )
	* '''[[w:Documentary collection\|Documentary collection]]'''		* '''[[w:Documentary collection\|Documentary collection]]'''
	* '''[[w:~~Documentary credit\|Documentary credit]]''' -> L/C ensures payment~~		:::A '''[[w:documentary collection\|documentary collection]]''' is a process, in which the [[w:seller\|seller]] instructs his [[w:bank\|bank]] to forward [[w:document\|document]]s related to the [[w:export\|export]] of goods to the [[w:buyer\|buyer]]'s bank with a request to present these documents to the buyer for [[w:payment\|payment]], indicating when and on what conditions these documents can be released to the buyer. ( Wikipedia )
	* '''[[w:~~Advance payment\|Advance payment]]'''~~		::::::Documentary Collections facilitate [[w:import\|import]]/export operations. ''They do not provide the same level of security as '''[[w:Letters of credit\|Letters of Credit]]''', but, as a result, the costs are lower.'' ( Wikipedia )
			::::::Unlike the Letters of Credit, for a Documentary Collection the bank acts as a channel for the documents but does not issue any [[w:payment covenant\|payment covenant]]s (does not guarantee payment). The bank that has received a documentary collection may [[w:debit\|debit]] the buyer's account and make payment only if authorised by the buyer. ( Wikipedia )
	* A '''[[w:documentary collection\|documentary collection]]''' is a process, in which the [[w:seller\|seller]] instructs his [[w:bank\|bank]] to forward [[w:document\|document]]s related to the [[w:export\|export]] of goods to the [[w:buyer\|buyer]]'s bank with a request to present these documents to the buyer for [[w:payment\|payment]], indicating when and on what conditions these documents can be released to the buyer. ( Wikipedia )		:::::: Documentary collection is done with the '''[[w:Bill of lading\|Bill of lading]]''' ( jubo-jubo )
	:::Documentary Collections facilitate [[w:import\|import]]/export operations. ''They do not provide the same level of security as '''[[w:Letters of credit\|Letters of Credit]]''', but, as a result, the costs are lower.'' ( Wikipedia )
	:::Unlike the Letters of Credit, for a Documentary Collection the bank acts as a channel for the documents but does not issue any [[w:payment covenant\|payment covenant]]s (does not guarantee payment). The bank that has received a documentary collection may [[w:debit\|debit]] the buyer's account and make payment only if authorised by the buyer. ( Wikipedia )
	::: Documentary collection is done with the '''[[w:Bill of lading\|Bill of lading]]''' ~~( jubo-jubo )~~

	* '''Documentary credit''' redirects to '''[[w:L/C\|L/C]]''' as L/C as it is done with L/C ( jubo-jubo )

	== Lesson 5 - NO CLASS ==		== Lesson 5 - NO CLASS ==

← Older revision		Revision as of 12:59, 22 May 2014
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	* A '''[[w:contract of sale\|contract of sale]]''' is a legal [[w:contract\|contract]] an exchange of goods, services or property to be exchanged from seller (or vendor) to buyer (or purchaser) for an agreed upon value in money (or money equivalent) paid or the promise to pay same. ( Wikipedia )		* A '''[[w:contract of sale\|contract of sale]]''' is a legal [[w:contract\|contract]] an exchange of goods, services or property to be exchanged from seller (or vendor) to buyer (or purchaser) for an agreed upon value in money (or money equivalent) paid or the promise to pay same. ( Wikipedia )

			* '''[[w:Multimodal transport\|Multimodal transport]]''' (also known as combined transport) is the transportation of goods under a single contract, but performed with at least two different means of [[w:transport\|transport]]; the carrier is liable (in a legal sense) for the entire carriage, even though it is performed by several different modes of transport (by rail, sea and road, for example). ( Wikipedia )

	== Lesson 2 - Good sales quotations and Incoterms ==		== Lesson 2 - Good sales quotations and Incoterms ==
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	* Bank risk		* Bank risk
	* Interest rate risk		* Interest rate risk

	* A '''[[w:documentary collection\|documentary collection]]''' is a process, in which the [[w:seller\|seller]] instructs his [[w:bank\|bank]] to forward [[w:document\|document]]s related to the [[w:export\|export]] of goods to the [[w:buyer\|buyer]]'s bank with a request to present these documents to the buyer for [[w:payment\|payment]], indicating when and on what conditions these documents can be released to the buyer. ( Wikipedia )
	:::Documentary Collections facilitate [[w:import\|import]]/export operations. ''They do not provide the same level of security as '''[[w:Letters of credit\|Letters of Credit]]''', but, as a result, the costs are lower.'' ( Wikipedia )
	:::Unlike the Letters of Credit, for a Documentary Collection the bank acts as a channel for the documents but does not issue any [[w:payment covenant\|payment covenant]]s (does not guarantee payment). The bank that has received a documentary collection may [[w:debit\|debit]] the buyer's account and make payment only if authorised by the buyer. ( Wikipedia )
	~~::: Documentary collection is done with the '''[[w:Bill of lading\|Bill of lading]]''' ( jubo-jubo )~~

	* '''Documentary credit''' redirects to '''[[w:L/C\|L/C]]''' as L/C as it is done with L/C ( jubo-jubo )

	== Lesson 3 NO CLASS ==		== Lesson 3 NO CLASS ==
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	* The '''[[w:International Bank Account Number\|International Bank Account Number]]''' ('''[[w:IBAN\|IBAN]]''') is an internationally agreed means of identifying [[w:bank account\|bank account]]s across national borders with a reduced risk of [[w:transcription error\|transcription error]]s. ( Wikipedia )		* The '''[[w:International Bank Account Number\|International Bank Account Number]]''' ('''[[w:IBAN\|IBAN]]''') is an internationally agreed means of identifying [[w:bank account\|bank account]]s across national borders with a reduced risk of [[w:transcription error\|transcription error]]s. ( Wikipedia )

	~~'''~~[[w:Document\|Document]]s in [[w:international trade\|international trade]]~~''' (from teacher's slides):~~		=== [[w:Document\|Document]]s in [[w:international trade\|international trade]] ===

	[[w:Exporter\|Exporter]]:		[[w:Exporter\|Exporter]]:
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	:* [[w:Purchase order\|Purchase order]]		:* [[w:Purchase order\|Purchase order]]
	:* [[w:Letter of Credit\|Letter of Credit]] application		:* [[w:Letter of Credit\|Letter of Credit]] application
	:* [[w:Import\|Import]] declaration		:* [[w:Import\|Import]] declaration
			::::(from teacher's slides)

	~~'''~~Methods of [[w:payment\|payment]]~~'''~~		=== Methods of [[w:payment\|payment]] ===
	* '''Open account'''		* '''Open account'''
	* '''[[w:Documentary collection\|Documentary collection]]''' is a process, in which the [[w:seller\|seller]] instructs his [[w:bank\|bank]] to forward [[w:document\|document]]s related to the [[w:export\|export]] of goods to the [[w:buyer\|buyer]]'s bank with a request to present these documents to the buyer for [[w:payment\|payment]], indicating when and on what conditions these documents can be released to the buyer. ( Wikipedia )		* '''[[w:Documentary collection\|Documentary collection]]'''
	* '''[[w:Documentary credit\|Documentary credit]]''' -> L/C		* '''[[w:Documentary credit\|Documentary credit]]''' -> L/C ensures payment
	* '''[[w:Advance payment\|Advance payment]]'''		* '''[[w:Advance payment\|Advance payment]]'''

			* A '''[[w:documentary collection\|documentary collection]]''' is a process, in which the [[w:seller\|seller]] instructs his [[w:bank\|bank]] to forward [[w:document\|document]]s related to the [[w:export\|export]] of goods to the [[w:buyer\|buyer]]'s bank with a request to present these documents to the buyer for [[w:payment\|payment]], indicating when and on what conditions these documents can be released to the buyer. ( Wikipedia )
			:::Documentary Collections facilitate [[w:import\|import]]/export operations. ''They do not provide the same level of security as '''[[w:Letters of credit\|Letters of Credit]]''', but, as a result, the costs are lower.'' ( Wikipedia )
			:::Unlike the Letters of Credit, for a Documentary Collection the bank acts as a channel for the documents but does not issue any [[w:payment covenant\|payment covenant]]s (does not guarantee payment). The bank that has received a documentary collection may [[w:debit\|debit]] the buyer's account and make payment only if authorised by the buyer. ( Wikipedia )
			::: Documentary collection is done with the '''[[w:Bill of lading\|Bill of lading]]''' ( jubo-jubo )

	* '''[[w:~~Multimodal transport~~\|~~Multimodal transport~~]]''' ~~(also known~~ as ~~combined transport)~~ is ~~the transportation of goods under a single contract, but performed~~ with at least two different means of [[w:transport\|transport]]; the carrier is liable (in a legal sense) for the entire carriage, even though it is performed by several different modes of transport (by rail, sea and road, for example). ( ~~Wikipedia~~ )		* '''Documentary credit''' redirects to '''[[w:L/C\|L/C]]''' as L/C as it is done with L/C ( jubo-jubo )

	== Lesson 5 - NO CLASS ==		== Lesson 5 - NO CLASS ==

← Older revision		Revision as of 12:49, 22 May 2014
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	:::Documentary Collections facilitate [[w:import\|import]]/export operations. ''They do not provide the same level of security as '''[[w:Letters of credit\|Letters of Credit]]''', but, as a result, the costs are lower.'' ( Wikipedia )		:::Documentary Collections facilitate [[w:import\|import]]/export operations. ''They do not provide the same level of security as '''[[w:Letters of credit\|Letters of Credit]]''', but, as a result, the costs are lower.'' ( Wikipedia )
	:::Unlike the Letters of Credit, for a Documentary Collection the bank acts as a channel for the documents but does not issue any [[w:payment covenant\|payment covenant]]s (does not guarantee payment). The bank that has received a documentary collection may [[w:debit\|debit]] the buyer's account and make payment only if authorised by the buyer. ( Wikipedia )		:::Unlike the Letters of Credit, for a Documentary Collection the bank acts as a channel for the documents but does not issue any [[w:payment covenant\|payment covenant]]s (does not guarantee payment). The bank that has received a documentary collection may [[w:debit\|debit]] the buyer's account and make payment only if authorised by the buyer. ( Wikipedia )
	::: Documentary collection is done with the '''[[w:~~BoL~~]]''' ( jubo-jubo )		::: Documentary collection is done with the '''[[w:Bill of lading\|Bill of lading]]''' ( jubo-jubo )

	* '''Documentary credit''' redirects to '''[[w:L/C\|L/C]]''' as L/C as it is done with L/C ( jubo-jubo )		* '''Documentary credit''' redirects to '''[[w:L/C\|L/C]]''' as L/C as it is done with L/C ( jubo-jubo )