Export/Import Practice in the US: Lecture Notes, Topics, and Assignments

Discussion W4: Export/Import Practice in the US Options Menu

Discussion W4: Export/Import Practice in the US Options Menu: Forum Discussion Topics: Please select one topic for your main post 150-250 words and at least two responses, which can be briefer, to the posts of your classmates.

Review the lecture notes, the recommended chapters of the textbook, and additional relevant to Lecture 4 themes sources. Select one of the suggested topics (see below), and contribute to the group discussion W4 with

(i) an initial posting, and

(ii) several (at least two) responses and comments to existing posts made by your classmates.

Lecture 4 Describe some of the risks that an ocean shipment faces. Describe some of the risks that an air shipment faces. What possible risk management strategies can an exporter/importer follow?

Explain each advantages/disadvantages from the prospective of a small E/I company. What insurance coverage is required under the CIF or CIP Incoterms rules?

Explain which risks are not covered, and how an importer can protect itself against them. What are the different main international logistics security programs, implemented either by international agencies or national governments?

What are the problems of a security policy that is based on one-hundred-percent inspection? What are the four areas in which a corporation must enact security measures to protect itself against theft and terrorism?

What is the concept of a Harmonized System number? How is it used? What are the advantages of such a system? Explain the concept of valuation from the prospective of Customs.

Why is it particularly important to have a detailed commercial invoice for valuation? Explain the concept of country of origin. How is it currently determined? Why is it such a difficult concept?

Why is it important? What are non-tariff barriers? Why are they used? Give a few examples.

Assignment 1: Problem Statement and Methodology Selection for the Completion of the Term Project

Task 1: Identify the initial goals and objectives of the newly established fictitious export/import company

Task 2: Identify the selected products for export from the home country, and import from the foreign country

Task 3: Problem statement, Term Project

Task 4: Explain the methodology for the completion of the term project

Task 5: Prepare a managerial report, starting with an executive summary; expected length up to 15 pages APA format excluding cover page, table of content, and appendices.

Assignment 2: Identifying & Measuring of Market Opportunities and Possible Export and Import Operations

Task 1: Identifying and measuring of market opportunities – Export (country research, industry research, companies research)

Task 2: Identifying and measuring of market opportunities – Import (country research, industry research, companies research)

Task 3: Possible export operations – products research, products distribution (from origin to destination), promotion mix, price
determination, L/C as a method of payment.

Task 4: Possible import operations – products research, products distribution (from origin to destination), promotion mix, price
determination, L/C as a method of payment.

Task 5: Prepare a managerial report, starting with an executive summary; expected length up to 15 pages APA format excluding cover page, table of content, and appendices.