International Payment (IIP301)
Vietnamese title: Thanh toán quốc tế
Credits: 3

Description:
This course is designed to provide students with a deep understanding of international payment including: parties to the international payment transaction; four primary payment methods: documentary letters of credit, documentary collections, pre-payment and credit transactions with detail description of documentary letters of credit (both standard and special letters of credit) and documentary collections; payment currency; ... It also covers: foreign exchange (forward contracts); documents used in trade; Letter of credit application and instructions; trade terms (Incoterms 2020); Cyber transaction on the Internet.
Topics mainly include: (1) Key Issues in International Payments. (2) Buyer and the Seller. (3) Basic Terms of Payment (4) Foreign Exchange (5) Various trade terms (Incoterms 2010). (6) Drafts and Acceptances. (7) Documentary Collections. (8) Documentary Credits. (9) Document and Document Checklists. (10) Cyberpayments.
AI Tools will be used to support students in
(1) generating ideas/structures for their speaking notes and slide structure of 4 important topics of the course: Incoterms, International contract, Documentary Collection, and Documentary Credits; and for their group presentation topic.
(2) editing the slide set after students have already finished it.

Learning outcomes:
Understand the key concepts of international trade and international payment
Introduce the parties to a documentary collection, describe process and analyze advantages and disadvantages of documentary collection
Utilize URC 522 to a documentary collection
Categorize three types of collections
Perceive the important principles regarding the role of banks
Discuss about notes, tips, and cautions for sellers, buyers and banks
Classify types of credits basic
Utilize UCP600 to a documentary credits
Understand regarding the role of banks in documentary credits and settlement by payment
Understand and distinguish the standard credits
Understand and distinguish the special letters of credit
Distinguish international payment with domestic payment
Discuss about notes, tips, and cautions for sellers, buyers and banks in documentary credits
Understand and construct documents (commercial invoice, bill of lading, insurance document, certificate of origin, packing list, inspection certificate...)
Apply document checklists
Define cyberpayments, electronic commerce, secure electronic transaction standards.
Understand the business concerns of the buyer and seller and how these concerns affect decisions relating to which payment method is used in an international transaction.
Identify the key factors in determining the payment method
Distinguish international payment methods
Understand and analyze the currency in international payment and foreign exchange risk.
Identify the drafting of a contract, performance or modification of contractual obligations, resolution of disputes, and enforcement of judgments or orders.
Distinguish the before finalize a contract.
Understand the formal definition of draft, acceptances, holding or discounting acceptances.

Student tasks:
- Attend at least 80% of contact hours in order to be accepted to the final examination
- Actively participate in class activities
- Fulfill tasks given by instructor after class
- Use their own laptop in class only for learning purpose
- Read the textbook in advance

Tools:

Materials:
description: A Short Course in International Payments
author: Edward G. Hinkelman
publisher: World Trade Press
edition: 5th
isbn: 978-1-60780-057-6
description: IIP301-AI Use Guidelines
author: FPTU
note: Available at Schedule sheet

Assessments:
category: Class participation and preparation
type: on-going
weight: 10.0
category: Group Presentation
type: on-going
weight: 15.0
duration: Option 1: 90'
Option 2 (For Constructivism Approach only): Follow lecturer's proposal
question_type: LO3, LO4, LO5, LO6, LO7, LO8, LO9, LO10, LO11, LO12, LO13, LO14, LO15, LO16, LO17, LO18, LO19
grading_guide: Option 1: Based on the taught chapters of this course (cover both classical and modern theories of international trade as well as examine the efficient of trade policies)
Option 2 (For Constructivism Approach only): Follow lecturer's proposal
category: Progress Test 1
type: on-going
weight: 15.0
duration: Option 1: 40'
Option 2 (For Constructivism Approach only): Follow lecturer's proposal
question_type: LO1, LO2, LO3, LO4, LO5, LO6, LO7, LO8
no_question: Option 1: Multiple choice
Option 2 (For Constructivism Approach only): Follow lecturer's proposal
knowledge_and_skill: Option 1: 30-40 questions
grading_guide: Option 1: Test the acquainted knowledge which student obtained in the delivered chapters.
Option 2 (For Constructivism Approach only): Follow lecturer's proposal
note: Option 1: IOS
category: Progress Test 2
type: on-going
weight: 15.0
duration: Option 1: 40'
Option 2 (For Constructivism Approach only): Follow lecturer's proposal
question_type: LO9, LO10, LO11, LO12, LO13, LO14, LO15, LO16
no_question: Option 1: Multiple choice
Option 2 (For Constructivism Approach only): Follow lecturer's proposal
knowledge_and_skill: Option 1: 30-40 questions
grading_guide: Option 1: Test the acquainted knowledge which student obtained in the delivered chapters.
Option 2 (For Constructivism Approach only): Follow lecturer's proposal
note: Option 1: IOS
category: Progress Test 3
type: on-going
weight: 15.0
duration: Option 1: 40'
Option 2 (For Constructivism Approach only): Follow lecturer's proposal
question_type: LO17, LO18, LO19
no_question: Option 1: Multiple choice
Option 2 (For Constructivism Approach only): Follow lecturer's proposal
knowledge_and_skill: Option 1: 30-40 questions
grading_guide: Option 1: Test the acquainted knowledge which student obtained in the delivered chapters.
Option 2 (For Constructivism Approach only): Follow lecturer's proposal
note: Option 1: IOS
category: Final exam
type: Final exam
weight: 30.0
duration: 60'
question_type: LO1, LO2, LO3, LO4, LO5, LO6, LO7, LO8, LO9, LO10, LO11, LO12, LO13, LO14, LO15, LO16, LO17, LO18, LO19, LO20, LO21, LO22, LO23
no_question: Multiple choice
knowledge_and_skill: 50 questions.
grading_guide: The question will cover the lectures, class discussions, activities, exercises, and textbook.
note: Exam room

Schedule:
session: Introduction
learning_outcomes: I
T
materials: IIP301_Chaps 1 to 5
session: Chapter 1: Key Issues in International Payments
learning_outcomes: I
T
materials: IIP301_Chaps 6 and 8 to 11
session: Chapter 1: Key Issues in International Payments (cont)
learning_outcomes: T
U
materials: IIP301_Chaps 12 to 17
session: Chapter 2: Introducing the Buyer and the Seller
learning_outcomes: I
T
session: Chapter 2: Introducing the Buyer and the Seller (cont)
learning_outcomes: T
U
session: Chapter 3: Introducing the Basic Terms of Payment
learning_outcomes: T
U
session: Chapter 3: Introducing the Basic Terms of Payment (cont)
learning_outcomes: T
U
session: Chapter 3. Introducing the Basic Terms of Payment (cont)
learning_outcomes: U
session: Chapter 4. Foreign Exchange Basics
learning_outcomes: T
U
session: Chapter 4. Foreign Exchange Basics (cont)
learning_outcomes: T
U
session: Chapter 4. Foreign Exchange Basics (cont)
learning_outcomes: U
session: Chapter 5: Contract Basics
learning_outcomes: T
U
session: Chapter 5: Contract Basics (cont)
learning_outcomes: T
U
session: Chapter 5: Contract Basics (cont)
learning_outcomes: U
session: Chapter 6: Incoterms 2020
learning_outcomes: TU
session: Chapter 6: Incoterms 2020 (cont)
learning_outcomes: TU
session: Chapter 6: Incoterms 2020 (cont)
learning_outcomes: TU
session: Chapter 6: Incoterms 2020 (cont)
learning_outcomes: U
session: Chapter 6: Incoterms 2020 (cont)
learning_outcomes: U
session: Chapter 6: Incoterms 2020 (cont)
learning_outcomes: U
session: Review and Progress Test 1
learning_outcomes: U
session: Chapter 8: Drafts and Acceptances
learning_outcomes: T
U
session: Chapter 8: Drafts and Acceptances (cont)
learning_outcomes: T
U
session: Chapter 8: Drafts and Acceptances (cont)
learning_outcomes: T
U
session: Chapter 8: Drafts and Acceptances (cont)
learning_outcomes: T
U
session: Chapter 8: Drafts and Acceptances (cont)
learning_outcomes: T
U
session: Chapter 9: Documentary Collections
learning_outcomes: T
U
session: Chapter 9: Documentary Collections (cont)
learning_outcomes: U
session: Chapter 9: Documentary Collections (cont)
learning_outcomes: T
U
session: Chapter 9: Documentary Collections (cont)
learning_outcomes: U
session: Chapter 9: Documentary Collections (cont)
learning_outcomes: T
U
session: Chapter 9: Documentary Collections (cont)
learning_outcomes: U
session: Chapter 10: Documentary Credits, Part 1
learning_outcomes: T
U
session: Chapter 10: Documentary Credits, Part 1 (cont)
learning_outcomes: T
U
session: Chapter 10: Documentary Credits, Part 1 (cont)
learning_outcomes: U
session: Chapter 10: Documentary Credits, Part 1 (cont)
learning_outcomes: U
session: Review and Progress Test 2
learning_outcomes: U
session: Group Presentation
learning_outcomes: U
session: Group Presentation
learning_outcomes: U
session: Group Presentation
learning_outcomes: U
session: Group Presentation
learning_outcomes: U
session: Chapter 11: Documentary Credits, Part 2
learning_outcomes: T
U
session: Chapter 11: Documentary Credits, Part 2 (cont)
learning_outcomes: U
session: Chapter 12: Documentary Credits, Part 3
learning_outcomes: T
U
session: Chapter 12: Documentary Credits, Part 3 (cont)
learning_outcomes: U
session: Chapter 13: Documentary Credits, Part 4
learning_outcomes: T
U
session: Chapter 13: Documentary Credits, Part 4 (cont)
learning_outcomes: U
session: Chapter 14: Documentary Credits, Part 5
learning_outcomes: T
U
session: Review and Progress Test 3
learning_outcomes: U
session: Chapter 14: Documentary Credits, Part 5 (cont)
learning_outcomes: T
U
session: Chapter 14: Documentary Credits, Part 5 (cont)
learning_outcomes: U
session: Chapter 16: Documents
learning_outcomes: T
U
session: Chapter 16: Documents (cont)
learning_outcomes: T
U
session: Chapter 16: Documents (cont)
learning_outcomes: U
session: Chapter 16: Documents (cont)
learning_outcomes: U
session: Chapter 17: Document Checklists
learning_outcomes: T
U
session: Chapter 17: Document Checklists (cont)
learning_outcomes: U
session: Chapter 18:Cyberpayments
learning_outcomes: T
U
session: Chapter 18:Cyberpayments (cont)
learning_outcomes: T
U
session: Review session
learning_outcomes: T
U