Required skills

culturally appropriate communication skills to relate to people from diverse backgrounds and people with diverse abilities

literacy skills to access and interpret documentation

numeracy skills to ensure accuracy of calculations for fees and charges currency conversions and payments required

analysis skills to evaluate knowledge and skills gaps

problemsolving skills to identify information requirements

Required knowledge

identification and overview knowledge of key provisions of relevant legislation from all levels of government that affects business operations codes of practice and national standards such as

contract law

Customs Act

International Commercial Terms INCOTERMS

trade modernisation legislation Customs Legislation Amendment and Repeal Act Import Processing Charges Act Customs Depot Licensing Charges Amendment Act

Trade Practices Act

Warsaw Convention

World Trade Organization determinations

enterprise policies and procedures relating to international trading operations

financial risk and financing options for mitigating risk

regulatory authorities their roles in international trade and penalties for incorrect documentation and declarations

current political events related to countries with which organisation is trading

The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria required skills and knowledge range statement and the Assessment Guidelines for the Training Package

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the following is essential

accessing analysing and applying information related to finance and insurance to international trading operations

completing documentation related to finance and insurance of international trading operations

knowledge of financial risk and financing options for mitigating risk

Context of and specific resources for assessment

Assessment must ensure

access to an actual workplace or simulated environment

access to office equipment and resources

examples of case studies relating to finance and insurance in international trading operations

Method of assessment

A range of assessment methods should be used to assess practical skills and knowledge The following examples are appropriate for this unit

direct questioning combined with review of portfolios of evidence and third party workplace reports of onthejob performance by the candidate

review of development taken to ensure currency and adequacy of knowledge and skills in applying finance and insurance to own work

analysis of responses to case studies and scenarios

observation of presentations on financial and insurance requirements for international transactions

oral or written questioning to assess knowledge of importing and exporting requirements

assessment of research undertaken in determining international finance and insurance requirements

assessment of completed documentation

Guidance information for assessment

Holistic assessment with other units relevant to the industry sector workplace and job role is recommended for example

finance units or other international business units

Available standards may include:

Development may include:

Enterprise resources may include:

Accessing information may include:

Documentation may include:

Originator of documentation may include:

Accuracy and correctness may include: