A Foundation Course in Importing

This courses satisfies the requirements of the British Chambers of Commerce "Import Procedures" assessment. Assessment can be undertaken via an approved Chamber of Commerce in the UK

Import Training Course Description:

This import training course 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 import training course will include a summary of The New Incoterms® 2010 Rules.

Import Training Course Content:-

• General Importing Issues - A brief economic background to import export - 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
  
• The role of freight forwarders and clearing agents- Shipping agents and airline forwarders - fast parcels operators - how do they cost for carriage - what is an "agent" - direct and indirect contracting - the role of clearing agent- the need for control
• Import Risk Evaluation Exercise
• The Terms of Delivery - The New Incoterm - Description of rules - discussion of advantages and disadvantages of each term from an importers perspective
  
• Cargo Insurance - Forwarders cover - open cover- issues to consider
• Documentation - The importance of controlling import documentation - Types of import documentation - rules for completion - examples - electronic documentation - storage and retention
• International Payments - Payment options for import - Letters of Credits - Documentary requirements - 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 import licenses - The licensing bodies - import 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
• Import Duty Relief Regimes - Duty Suspension - End Use - Inward processing Relief - Outward Processing Relief - Returned Goods Relief - Customs Warehousing

Duration:

One day - approximately 6 hours training time

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 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.

Cost and Availability

For public course fees and schedule please see listings on course schedule page. We would be pleased to quote for in company delivery. Please contact us for a quotation