Certificate In International Trade And Shipping Procedures (ITSP)

Course details

A practical course in line with the latest developments in the trading and shipping communities. Applicable in the functional activities concerning international movement of goods and services. Serves to provide participants a comprehensive understanding and knowledge of trading/shipping practice in Singapore.

Who Should Attend

This program is suitable for those who are interested in pursuing a career in freight forwarding/warehouse/administration. For those who are already in the above industry but wish to upgrade and achieve competency and knowledge in this area.

Entry Requirement

Participants should possess three GCE ‘O’ levels. Those who do not meet the entry requirement may be considered on a case-by-case basis.

ITSP Program Coverage

The ITSP course consists of 12 sessions, total 36 training delivery hours.

Session 1

• Nature of International Business and Trading
• Nature and Purpose of Documentary Credit

Session 2

• Types of Credit – Revocable and Irrevocable Credit
• Banking Practice for Documentary Credit Forms

Session 3

• Extract of Uniform Customs and Practice for Letter of Credits (LC)
• Compiling with the LC Terms

Session 4

• LC Negotiations
• Ensuring of Accurate LC Documentations

Session 5

• Dealing with Discrepancies
• Finance of Overseas Trade

Session 6

• Maritime Fraud
• Bank LC Transaction

Session 7

• Introduction to International Trade
• Shipping Terms/Trade Documents
• Method of Payments/Settlements

Session 8

• Uniform Rules for Collection
• Documentary Credits/Cargo Insurance/Regulations on Carriage of Goods
• Import Procedures/Export Procedures

Session 9

• Documentation Requirements (Bill of Lading, B/L Types, Guarantees)
• Introduction to Carnet/C.O./GST
• Tradenet and GST/Customs Procedure

Session 10

• Air Transport and Procedures
• Changi Airport Terminal Clearance System
• Sea Transport and Procedures (FCL, LCL, Freight Station)

Session 11

• PSA Delivery cum Warehousing Procedures
• Purpose of Incoterms
• Common Incoterms used (Ex-Work, FCA, FAS, FOB, CIF, CFR)

Award of Certificate

To achieve the award of Certificate in International Trade and Shipping Procedures, candidates must submit all assignments and pass the examination with a total score of 50 or higher, and attend at least 75% of the sessions.