BUSN 106 - Freight Forwarding

4 Credits

Focuses on the internal operations of the freight forwarder and the role it plays in the global supply chain, specifically how it interfaces with client companies. This course provides a strong understanding of the strategic management of a freight forwarder, particularly as a company offering a range of services supporting the global supply chain. Elements of an integrated service provider, responsibilities and obligations of the forwarder, invoicing, and both mutual interests and conflict of interests with the client company are explored. Includes in depth coverage of Incoterms and how they are used in international transactions.

Fees

Quarters Typically Offered

Designed to Serve Certificate/AAS International Business & Trade; BAS Global Trade/Logistics pathway; industry
Active Date 2014-03-26

Grading System Decimal Grade
Class Limit 28
Contact Hours: Lecture 44 Lab 0 Worksite 0 Clinical 0 Other 0
Total Contact Hours 44
Degree Distributions:
ProfTech Course Yes
Restricted Elective Yes
Course Outline

Scope of Activities of an International Freight Forwarder
Components of the International Logistics Activity
Construction of Transaction
Mutual Interests of all parties in the transactions
Conflict of Interest Authorization
Understand the legal representations of being a freight forwarder
Implications for the Seller using the Buyer’s Forwarder Being a Freight Forwarder (FF)
Know the requirements to become a FF
Understand the responsibilities of a FF
Discuss the role of a FF
The Business of FF
Understanding the business practices of a FF
Incoterms
Tariff Calculation

Student Learning Outcomes
Explain the possible scope of activities of an international freight forwarder

Define the components of international logistics

Explain the freight forwarders role in the construction and completion of the international transaction

Describe mutual interests of all parties in the transactions

Apply legal issues to specific scenarios faced by Freight Forwarders to recommend appropriate action.

Accurately calculate tariff rates from all modes of international shipping

Explain how Incoterms are used in international commerce

Accurately calculate selling price given different Incoterm scenarios