Google Links

Follow the links below to find material targeted to the unit's elements, performance criteria, required skills and knowledge

Elements and Performance Criteria

  1. Identify relevant export invoice
  2. Interpret invoice terms and currency
  3. Adjust invoice price
  4. Calculate export FOB value, applying currency conversion principles
  5. Finalise business advice on export FOB value

Required Skills

Required skills

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

numeracy skills to calculate FOB value

learning skills to maintain relevant knowledge of client products and services to be exported

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

Customs Act

Australian Harmonized Export Commodity Classification AHECC introduction and explanatory notes

INCOTERMS

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

Trade Practices Act

contract law

World Trade Organisation determinations

organisational policies and procedures relating to business operations in importexportcustoms brokeragefreight forwarding contexts

penalties and the infringement notice scheme as it applies to goods where the export FOB value is incorrect

Evidence Required

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

interpreting a range of export documentation to determine export FOB value as required for goods exported from Australia

documenting export FOB calculation as required by client

knowledge of legislation codes of practice and national standards relevant to work role

Context of and specific resources for assessment

Assessment must ensure

access to an actual workplace or simulated environment

access to office equipment and resources

access to relevant workplace documents

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 advice completed on FOB value field on export entry or declaration

oral or written questioning to assess knowledge of penalties and the infringement notice scheme as it applies to goods where the export FOB value is incorrect

assessment of business advice passed on to the client

Guidance information for assessment

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

BSBINTB Prepare business advice on the taxes and duties for international trade transactions

BSBINT408B Prepare business advice on the taxes and duties for international trade transactions.

Range Statement

The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.

Differences in definition of FOB value may include:

INCOTERMS definition of FOB, which states in part: 'This term can be used only for sea or inland waterway transport. If the parties do not intend to deliver the goods across the ship's rail, the FCA term should be used'

customs definition: 'The total free on board (FOB) value of the goods, including all costs incidental to the sale and delivery of the goods on to the exporting vessels/aircraft'

Australian export formalities may include:

A2 or B2 Licences, authorisations and formalities

Australian Harmonized Export Commodity Codes

Adjustments may include:

all costs that exclude international freight and insurance from the price including in the price all costs to bring the goods to the ship or aircraft side when exporting from Australia

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