International Shipping Business Report

Assignment Summary
Prepare a business report for a hypothetical shipping importer or exporter that critically discusses the essential documents from the standpoint of a trading company shipping goods by sea.
Assignment Tasks
• The purpose of the assignment is to apply the Trade Law taught in the module to export or import scenarios of your choosing so that you can demonstrate how Trade Law works in practice rather than just theory.
• The export (or import) scenario is entirely up to you; perhaps it is a trading activity you would like to do after graduation involving trade between your home country and a country in another region of the world. Whichever scenario you choose, it will involve two specific countries, and importer and exporter and a specific product being shipped. For these you will investigate specific options regarding carriers, banks and insurance companies. Your scenario must involve shipping by sea (not by air) and it must not be solely within the EU. In general, it should be between continents.
• The module sessions will show the key documents, laws and regulations that are relevant for the assignment. In particular, the ‘key documents’ are the documents that will come up in any trading scenario. There are also ‘checklists’ that a trader should follow to achieve success in shipping, getting paid, mitigating risk, and dealing with disputes should they arise. That being said, do not concern yourself with government documents such as customs forms or import licences.
• The paper should follow this checklist approach for your specific scenario. It should be a business report showing that you have investigated the options for your trading scenario and analysed them in the context of the module. As with all business reports, you should recommend specific options and choices based on your scenario, assumptions and the evidence that you provide.
• Examples of how to research shipping options will be covered during the module: You should ‘shop around’ with different carriers and you should get different ‘quotes’ and contracts from them. Is one carrier option better than another in terms of applicable law, dispute resolution or insurance terms? Another example would be to research financial institutions who deal with Letters of Credit and insurance for the countries involved—how should you choose one over another? Your recommendations should reflect and analyse the trade-offs involved and justify your choices with solid arguments.
• Although there is more focus on the application of the law taught in the module to specific business scenarios, the laws themselves should not be ignored, so citing specific laws and/or cases to illustrate your points is important.
• The 2500 word limit (+/- 10%) does not include the references or appendices
Additional points
This assignment is basically acting as a procurement manager of a company whose task is to provide shipping options for a product to his/her employer following all required steps and at the end given a recommendation

Key points
• Shipping Scenario by sea in a container, preferred destination is China – Nigeria. Eg. A Procurement manager in Nigeria sourcing for a product in China
• Identify the product (Volume, Weight and Quantity), include picture of the product, preferred product is Facing Bricks
• Product Sourcing, include quote from at least 4 suppliers, it will also be important to state the reason why the product is being sourced from that region, it could be pricing or quality. Proforma invoices can be included as an appendix
• Picture of container, size and dimension to be included
• Use of tables and graphs to present Data/Information
• Shipping options – FOB or CIF
• Atleast 5 quotes from Carriers (Shipping Company)
• Key documents are Bill of Lading, Drafts or Bills of Exchange, International Sales contracts, Insurance Documents, Letter of Credit
• The terms and conditions, binding laws and jurisdiction on the Bill of Lading must be one of the laws taught in the module (Common Law and Hague Visby Rules) which will serve as a guide to applying the trade laws and address dispute resolution in the report
• Recommendation should include choice of carrier and why

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