Overview on Import/Export Procedure and International Trade

Course details

PROGRAMME OBJECTIVES

This seminar is designed to give participants an overview understanding of import/export procedures, international trade terms, the uses of shipping documents, different aspect of cargo insurance, and letter of credit practices. This seminar aims to provide both the practical and theoretical aspects of the latest and the most effective ways doing import/export.

PROGRAMME OUTLINE

1. International Trade Terms(Incoterms 2010)

• Meaning of EXW, FCA, FOB, CFR, CIF, etc…
• How to do quotation and prevent losses
• Using the latest terms to your advantage
• How to choose the right terms

2. International Shipping Documents

• Importance and proper uses of documents
• Understanding B/L and AWB and its implications
• Operation of Packing List & Invoice
• Certificate of Origin – uses and applications
• How to apply for Shipping Guarantee

3. Cargo Insurance Policy

• Reasons for cargo insurance
• Changes in the insurance policy
• The Institute Cargo Clauses
• Exclusion Clauses
• Claims Procedures
• Documentation of claims

4. International Financing and Letter of Credit

• Types of payment in international trade
• Step-by-Step operation of L/C
• Types of Letter of Credit

WHO SHOULD ATTEND

Shipping personnel, sales & marketing staff, freight forwarder, banker, trader, importer/exporter, businessman, and those keen in upgrading their knowledge in international trade.