Describe what is meant by the terms Trade and Freight

Summative Assessment – ISCO 2 ITF 1

Introduction:

This Summative Assessment is designed to assess your knowledge and understanding what is meant by the terms trade and freight and to understand how to identify the goods to be traded in order to fulfil the Assessment Criteria (AC) for Learning Outcome(s):

 

LO 1: Understand Trade and Freight; and

LO 2: Understand how to identify the goods to be traded.

 

Assignment:

 

In order to fulfil the following Assessment Criteria, produce an essay which covers the following:

1:1 Describe what is meant by the terms Trade and Freight (150 – 300 words)

1:2 Explain the difference between local and international Trade (150 – 300 words)

1:4 Explain the various elements that make local and international trade possible (150 – 300 words)

1:3 Explain the link between Trade, Freight, Goods and Transport (150 – 300 words)

2:1 Explain how to identify the goods to be traded (150 – 300 words)

2:2 Explain the roles of different organisations and agencies in moving freight (150 – 300 words)

2:4 Explain how documentation should be completed for trade (150 – 300 words)

 

Guidline Word Count:

The guideline word count for each AC for this Assignment is shown in brackets above. The total guideline word count for this entire Assignment 1,050 – 2,100 words.

 

This is only a guideline however, if there is less than the minimum, then it is likely to show insufficient depth of content, which demonstrates a lack of understanding of the LO/AC.

 

 

Summative Assessment – ISCO 2 ITF 2

 

Introduction:

This Summative Assessment is designed to assess your knowledge and understanding of how to obtain the information on goods being transported in order to fulfil the Assessment Criteria (AC) for Learning Outcome:

 

LO 2: Understand how to identify the goods to be traded.

 

Assignment:

In order to fulfil the following Assessment Criteria, produce an essay which covers the following:

 

2.3 Explain current legislation and regulations for goods to be traded for:

2.3.1 Customer requirements (150 – 300 words)

2.3.2 Preferred method for transportation (150 – 300 words)

2.3.3 Supplier information (150 – 300 words)

2.3.4 Customer regulatory requirements (150 – 300 words)

 

Guidline Word Count:

The guideline word count for each AC for this Assignment is shown in brackets above. The total guideline word count for this entire Assignment 600 – 1,200 words.

 

This is only a guideline however, if there is less than the minimum, then it is likely to show insufficient depth of content, which demonstrates a lack of understanding of the LO/AC.

 

 

Summative Assessment – ISCO 2 ITF 3

 

Introduction:

This Summative Assessment is designed to assess your knowledge and understanding of how to identify, select and recommend suitable modes of transporting goods and the relevant legislations and instructions in order to fulfil the Assessment Criteria (AC) for Learning Outcome:

 

LO 3: Understand how to identify, select and recommend suitable modes of transporting goods

 

Assignment:

In order to fulfil the following Assessment Criteria, produce an essay which covers the following:

 

3:1 Describe different methods for transporting goods (150 – 300 words)

 

3:2 Explain the advantage and disadvantages of using: (150 – 300 words)

 

3:2:1 Road;

3:2:2 Rail;

3:2:3 Sea;

3:2:4 Air.

 

3:3 Describe appropriate Trade terms and International Standards for: (150 – 300 words)

 

3:3:1 Freight Carriage;

3:3:2 Insurance;

3:3:3 Cost

 

4:1 Describe own countries current legislation and regulations for the transportation of goods by: (150 – 300 words)

 

4:1:1 Road;

4:1:2 Rail;

4:1:3 Sea;

4:1:4 Air.

 

4:2 Explain how to obtain all relevant information to transport goods for: (150 – 300 words)

 

4:2:1 Health, Safety and Security requirements;

4:2:2 Trade Barriers;

4:2:3 Methods to monitor the goods;

4:2:4 License and Permit;

4:2:5 Customs and Revenue

 

4:3 Explain how goods are monitored during transportation (150 – 300 words)

 

Guidline Word Count:

The guideline word count for each AC for this Assignment is shown in brackets above. The total guideline word count for this entire Assignment 900 – 1,800 words.

 

This is only a guideline however, if there is less than the minimum, then it is likely to show insufficient depth of content, which demonstrates a lack of understanding of the LO/AC.

 

 

Summative Assessment – ISCO 2 ITF 4

 

Introduction:

This Summative Assessment is designed to assess your knowledge and understanding of how to identify problems and risks that can occur in International trade and freight in order to fulfil the Assessment Criteria (AC) for Learning Outcome:

 

LO 6: Understand how to identify problems that can occur in International Trade.

 

Assignment:

In order to fulfil the following Assessment Criterion, produce an essay which covers the following:

5:1 Explain what is meant by INCOTERMS in International Trade (150 – 300 words)

5:2 Explain potential problems that exist in International Trade (150 – 300 words)

5:3 Explain ways to minimise the potential problems in International Trade (150 – 300 words)

 

Guidline Word Count:

The guideline word count for each AC for this Assignment is shown in brackets above. Therefore the total guideline word count for this entire Assignment 450 – 900 words.

 

This is only a guideline however, if there is less than the minimum, then it is likely to show insufficient depth of content, which demonstrates a lack of understanding of the LO/AC.

 

Critical Assignment Criteria

Your submission should be written from the third person point of view. Try not to use “I”, “We”, “Us”, “Our” unless this is a direct quote where quotation marks are required.

 

The Assignment structure should consist of the following and failing to do so will result in a referral:

 

loSCM Assignment Cover Sheet to include your name, learner number, unit title and assignment number;

Ensure you answer each question under a subject heading i.e. AC1.1 should have a title of Assessment Criteria 1.1 with your answer written beneath. This needs to be repeated for each criteria (AC1.1, AC1.2, AC1.3).

Ensure that you have proof read your work before submission. This will highlight spelling, grammar and sentencing formation errors.

Without clear referencing there could be a suspicion of plagiarism if you copy and paste from other sources;

For students studying level 2 or 3 Qualifications you should attempt to meet the following standards for each assignment;

 

Evidence of research

Bibliography

Appendices for all documentation discussed within the assignment (work related, models, theories).

Students should attempt to use Harvard style referencing for both their evidence of research and the bibliography. An explanation of this reference style can be found in the student resource area.

 

We recommend you have your work proof read before submission by a third party from outside of your organisation.  This individual will highlight any areas where more depth or explanation will be required i.e. if writing about your workplace.

 

Don’t forget you can book a one to one call with your expert tutor for support and guidance throughout your studies, however if your assignment is referred more than three times, we highly recommend you schedule a tuition session with your support team.

 

To book a one to one, get in touch with your mentor today. Contact details can be found in the student area.