Half Day Seminar – Revised Incoterms® Rules for 2010Introduction to Export OperationsExporting - Understanding the PaperworkDocumentary Letters of Credit, Drafts and BillsA Foundation Course in ImportingExport Controls and LicensingWinning Export BusinessAppointment and Management of Overseas Agents and DistributorsAdvanced Export PracticeBecoming An Authorised Economic OperatorClassification of Goods - Using Commodity and Tariff CodesInward Processing Relief
A Foundation Course in Importing
Continuous Professional Development
This course is graded as entry level and would qualify for 10 Continuous Professional Development points. If required, the CPD certificate will be issued by the Institute of Export
Seminar Description:
The seminar will offer practical guidance on the latest procedures, terminology and documentation required for successful importing. It will highlight some of the pitfalls that often cause importers to incur unnecessary costs and delays in arrival of goods and suggest some ways of avoiding these. It will increase understanding of Customs rules and compliance procedures and look briefly at some of the duty reliefs available. The seminar will include a summary of The New Incoterms® 2010 Rules.
The seminar will offer practical guidance on the latest procedures, terminology and documentation required for successful importing. It will highlight some of the pitfalls that often cause importers to incur unnecessary costs and delays in arrival of goods and suggest some ways of avoiding these. It will increase understanding of Customs rules and compliance procedures and look briefly at some of the duty reliefs available. The seminar will include a summary of The New Incoterms® 2010 Rules.
Duration:
One day
Training Methods:
The trainer will use oral and visual presentations, reference to fictitious and real examples and participatory exercises to illustrate course content. The delegates will receive a copy of the presentation on which notes can be made together with a workbook for future reference
Who Should Attend?
Those with responsibility for purchasing from abroad, inward freight, customer services, customs clearance and financial staff . The course content will be equally relevant to sole traders, personnel from large corporation and small and medium size enterprises. It will be equally suitable for those with no prior experience and those who require updating with the latest information.
Seminar Content
General Importing Issues - A brief economic background to imports and exports – primary and secondary imports – import controls – The Role of HM Revenue and Customs – preferential trading agreements
Supplier and Product - Indirect and direct importing – Quality issues-The importing fundamentals-type of supplier-moral and ethical considerations-sources of help-product risk-instructing the supplier
Exercise – Risk Evaluation
The Terms of Delivery - The New Incoterm® 2010 Rules - Description of rules – discussion of advantages and disadvantages of each term
Cargo Insurance- Forwarders cover - open cover
Documentation- The importance of controlling documentation - Types of documentation – rules for completion –examples - electronic documentation – storage and retention
International Payments- Payment options for importers- Documentary Credits -Documentary requirements - Bills of Exchange and drafts – Documentary Collections
The Role of Customs- Authorised Economic Operators-The Integrated Tariff – customs procedures - classification and commodity codes – customs procedure codes
The Origin Question - Where do goods originate – why is it important – how to establish origination - preferential trading – origin documentation
European Community Trading - Free Circulation – Community Transit- Intrastat Procedures
Licensing and Quotas- Why do we need licenses - The licensing bodies – quotas and community ceilings
Import Declarations - The sequence of events – Declaration options - Customs Freight Simplified Procedures-Declaration documents
Duties - Calculation of duty and VAT –Anti Dumping Duty - Suspension and Deferment of duty – duty management
Duty Relief Regimes - Inward processing Relief – Outward Processing Relief – Customs Warehousing