International Standards to Check The Shipping Documents For Documentary Credits

Exporters should seriously consider having the freight forwarder handle the formidable amount of documentation that exporting requires; freight forwarders are specialists in this process. The following documents are commonly used in exporting; which of them are actually used in each case depends on the requirements of both our government and the government of the importing country.

Course Objectives3

By the end of the course the attendees will be able to:

• Obtain up-to-date comprehensive Export information that takes years to gather
• Speakers are experienced industry professionals and international trade consultants
• Learn valuable regulation rules that can save penalty fines
• In-depth Export documentation details that can be used immediately

Who Should Attend?

• Those having some responsibility for buying from overseas and for forwarding/import activities
• Traffic managers, forwarding managers, shipping managers, logistics/supply chain managers and expeditors
• Those existing managers/supervisors, who need “confirmation” of their current operation
• Shipping Claim, Supply, Buying, Purchase, Logistics, Materials and Supply Chain Managers
• Those who are looking for business gains and benefits from managing their supply chains more effectively

Course Outline

International Trade Terms

• 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
• Incorporation of the trade terms into Contract

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

Cargo Insurance Policy

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

Letter Of Credit

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

Customs & Tariff Planning Considerations

• Tariff Classification
• Port Pricing & Tariff
• Port Charges
• Product Valuation
• Other Tariff Considerations

Import/Export Procedures

• Import procedures for air and sea
• Export procedures for air and sea
• Customs procedures and inspection
• Documentations needed for the procedures
• Clearance of cargo from seaport and airport

Course Methodology

A variety of methodologies will be used during the course that includes:

• (30%) Based on Case Studies
• (30%) Techniques
• (30%) Role Play
• (10%) Concepts
• Pre-test and Post-test
• Variety of Learning Methods
• Lectures
• Case Studies and Self Questionaires
• Group Work
• Discussion
• Presentation

Course Fees

This rate includes participant’s manual, Hand-Outs, buffet lunch, coffee/tea on arrival, morning & afternoon of each day.

Course Timings

Daily Course Timings
08:00 - 08:20 Morning Coffee / Tea
08:20 - 10:00 First Session
10:00 - 10:20 Coffee / Tea / Snacks
10:20 - 12:20 Second Session
12:20 - 13:30 Lunch Break & Prayer Break
13:30 - 15:00 Last Session