Release 

Comments 

Release 1

This version first released with BSB Business Services Training Package Version 1.0.

ELEMENT 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

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

Skill 

Performance 

Criteria 

Description 

Reading

1.1-1.5, 2.1-2.3, 3.1, 4.1, 5.1, 5.2

• Identifies relevant information in documents
• Interprets and comprehends requirements from organisational documents

Writing

3.2, 4.1, 4.2, 5.1, 5.2, 5.4

• Completes documentation according to specific organisational requirements

Oral Communication

5.4

• Uses appropriate language and features in spoken exchanges with clients
• Elicits views and opinions of others by listening and questioning

Numeracy

1.2-1.4, 2.1-2.3, 3.1, 3.2, 4.1, 4.2, 5.2

• Uses mathematical information from invoices and performs calculations to convert currencies and determine FOB values

Navigate the world of work

4.1

• Applies organisational policies and procedures to daily work

Interact with others

5.4

• Selects the appropriate form, channel and mode of communication for a specific purpose relevant to own role

Get the work done

1.1-1.5, 2.1-2.3, 5.3

• Uses logically sequenced steps to plan and implement own work

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

Code and title  

current version 

Code and title 

previous version 

Comments 

Equivalence status 

BSBINT407 Prepare business advice on export Free-on-Board Value

BSBINT407B Prepare business advice on export Free on Board Value

Updated to meet Standards for Training Packages

Equivalent unit

Release 

Comments 

Release 1

This version first released with BSB Business Services Training Package Version 1.0.