Unit of competency details

BSBINT407 - Prepare business advice on export Free-on-Board Value (Release 1)

Summary

Releases:
ReleaseStatusRelease date
1 1 (this release)Current 25/Mar/2015

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to BSBINT407B - Prepare business advice on export Free on Board ValueUpdated to meet Standards for Training Packages 24/Mar/2015


Training packages that include this unit

Classifications

SchemeCodeClassification value
ASCED Module/Unit of Competency Field of Education Identifier 080311 International Business  

Classification history

SchemeCodeClassification valueStart dateEnd date
ASCED Module/Unit of Competency Field of Education Identifier 080311 International Business  30/Jul/2015 
The content being displayed has been produced by a third party, while all attempts have been made to make this content as accessible as possible it cannot be guaranteed. If you are encountering issues following the content on this page please consider downloading the content in its original form

Unit Of competency

Modification History

Release 

Comments 

Release 1

This version first released with BSB Business Services Training Package Version 1.0.

Application

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.

Unit Sector

Business Development – International Business

Elements and Performance Criteria

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

Foundation Skills

This section describes language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance.

Skill 

Performance 

Criteria 

Description 

Reading

1.1-1.5, 2.1-2.3, 3.1, 4.1, 5.1, 5.2

  • Identifies relevant information in documents
  • Interprets and comprehends requirements from organisational documents

Writing

3.2, 4.1, 4.2, 5.1, 5.2, 5.4

  • Completes documentation according to specific organisational requirements

Oral Communication

5.4

  • Uses appropriate language and features in spoken exchanges with clients
  • Elicits views and opinions of others by listening and questioning

Numeracy

1.2-1.4, 2.1-2.3, 3.1, 3.2, 4.1, 4.2, 5.2

  • Uses mathematical information from invoices and performs calculations to convert currencies and determine FOB values

Navigate the world of work

4.1

  • Applies organisational policies and procedures to daily work

Interact with others

5.4

  • Selects the appropriate form, channel and mode of communication for a specific purpose relevant to own role

Get the work done

1.1-1.5, 2.1-2.3, 5.3

  • Uses logically sequenced steps to plan and implement own work

Range of Conditions

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

Unit Mapping Information

Code and title  

current version 

Code and title 

previous version 

Comments 

Equivalence status 

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

BSBINT407B Prepare business advice on export Free on Board Value

Updated to meet Standards for Training Packages

Equivalent unit

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10

 

Assessment requirements

Modification History

Release 

Comments 

Release 1

This version first released with BSB Business Services Training Package Version 1.0.

Performance Evidence

Evidence of the ability to:

  • interpret a range of export documentation to determine export Free-on-Board (FOB) value as required for goods exported from Australia
  • accurately document export FOB calculations and advice as required by client.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

  • explain the importance of the International Commercial Terms to international trade
  • explain the differences in definitions of FOB values
  • identify legislation, codes of practice or standards relevant to exporting of goods
  • explain relevant organisational policies and procedures relating to exporting
  • explain the penalties that apply to goods where the export FOB value is incorrect.

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the business development – international business field of work and include access to:

  • office equipment and resources
  • relevant workplace documents
  • case studies and, where possible, real situations.

Assessors must satisfy NVR/AQTF assessor requirements.

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10

Training component details
The following details are displayed for each different NRT:-

Training packages

- Training package details
- Training package components

Qualifications

- Qualification details
- Qualification components

Accredited courses

- Accredited course details

Modules

- Module details

Units of competency

- Units of competency details
- Unit components

Skill sets

- Skill set details
- Skill set components

Click on the Export link to export the NRT information to MS Word or PDF.

Click on the Manage notification link to create or change a notification for this NRT.

When selecting the Display history check box a set of tables will appear displaying a log of historical values describing what has changed and when over time.

If you have access to make changes to an NRT, click on the Edit link on the upper right hand side of the summary box.