Unit of competency Outline

Date retreived
23/07/2026 2:13 AM AWST

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Prepare business advice on export Free-on-Board Value

Prepare business advice on export Free-on-Board Value

Unit of competency
National Code
BSBINT407
State Code
AUM44
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
15/09/2015
Field of Education
080311 - International Business
Original Release Date
15/09/2015
Nominal Hours
30
Description
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.
Notes
Elements and Performance Criteria
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
No information
No information
Replaces
State Code National Code Title Type
D0771 BSBINT407B Prepare business advice on export Free on Board Value Unit of competency
Replaced By
State Code National Code Title Type
OCF68 BSBLEG421 Apply understanding of the Australian legal system Unit of competency
State Code National Code Title Type
AVU1 BSB41115 Certificate IV in International Trade Qualification