Assessor Resource

BSBINT407
Prepare business advice on export Free-on-Board Value

Assessment tool

Version 1.0
Issue Date: May 2024


This unit describes the skills and knowledge required to accurately determine and prepare business advice on export entry or declaration Free-on-Board (FOB) Value on goods exported from Australia.

It applies to individuals with a broad knowledge of international trade who contribute well-developed skills to preparing business advice for a client on the FOB value field on an export entry declaration.

No licensing, legislative or certification requirements apply to this unit at the time of publication.

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)


Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Identify relevant export invoice

1.1 Identify the buyer and seller

1.2 Identify the relevant contract and export invoice

1.3 Consider definitions and differences in definitions of FOB value in determining FOB value of goods being exported from Australia

1.4 Identify the International Commercial Terms (INCOTERMS) relevant to contract

1.5 Identify the party to the sales contract responsible for Australian export formalities from INCOTERMS

2 Interpret invoice terms and currency

2.1 Identify the components that constitute the price, in Australian or foreign currency, paid or payable and appearing on the invoice

2.2 Identify INCOTERMS relevant to the invoice

2.3 Identify currency used

3 Adjust invoice price

3.1 Identify adjustments

3.2 Make additions and subtractions to the price

4 Calculate export FOB value, applying currency conversion principles

4.1 Apportion costs against exported goods using organisational requirements/policies/procedures

4.2 Apply appropriate rate of exchange

5 Finalise business advice on export FOB value

5.1 Complete advice on FOB value field on export entry or declaration

5.2 Check calculations for accuracy and verify as required

5.3 Retain and file completed documentation with relevant personnel in the enterprise

5.4 Pass relevant business advice to client

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Identify relevant export invoice

1.1 Identify the buyer and seller

1.2 Identify the relevant contract and export invoice

1.3 Consider definitions and differences in definitions of FOB value in determining FOB value of goods being exported from Australia

1.4 Identify the International Commercial Terms (INCOTERMS) relevant to contract

1.5 Identify the party to the sales contract responsible for Australian export formalities from INCOTERMS

2 Interpret invoice terms and currency

2.1 Identify the components that constitute the price, in Australian or foreign currency, paid or payable and appearing on the invoice

2.2 Identify INCOTERMS relevant to the invoice

2.3 Identify currency used

3 Adjust invoice price

3.1 Identify adjustments

3.2 Make additions and subtractions to the price

4 Calculate export FOB value, applying currency conversion principles

4.1 Apportion costs against exported goods using organisational requirements/policies/procedures

4.2 Apply appropriate rate of exchange

5 Finalise business advice on export FOB value

5.1 Complete advice on FOB value field on export entry or declaration

5.2 Check calculations for accuracy and verify as required

5.3 Retain and file completed documentation with relevant personnel in the enterprise

5.4 Pass relevant business advice to client

This section specifies different work environments and conditions that may affect performance. Essential operating conditions that may be present (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) are included.

Organisational requirements/policies/
procedures refer to:

factorisation where costs are proportioned over a line value (each line of the invoice for which there is a separate classification)

other relevant requirements outlined in policies and procedures for calculating FOB

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Identify the buyer and seller 
Identify the relevant contract and export invoice 
Consider definitions and differences in definitions of FOB value in determining FOB value of goods being exported from Australia 
Identify the International Commercial Terms (INCOTERMS) relevant to contract 
Identify the party to the sales contract responsible for Australian export formalities from INCOTERMS 
Identify the components that constitute the price, in Australian or foreign currency, paid or payable and appearing on the invoice 
Identify INCOTERMS relevant to the invoice 
Identify currency used 
Identify adjustments 
Make additions and subtractions to the price 
Apportion costs against exported goods using organisational requirements/policies/procedures 
Apply appropriate rate of exchange 
Complete advice on FOB value field on export entry or declaration 
Check calculations for accuracy and verify as required 
Retain and file completed documentation with relevant personnel in the enterprise 
Pass relevant business advice to client 

Forms

Assessment Cover Sheet

BSBINT407 - Prepare business advice on export Free-on-Board Value
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:

Assessment Record Sheet

BSBINT407 - Prepare business advice on export Free-on-Board Value

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: