COURSE OBJECTIVES :
- Familiarizing the internal and external risks and costs in global trade
- Understanding the elements of Incoterms and Trade Payment
- Analyzing the challenges and constraints of shipping operations
COURSE BENEFITS :
- Able to apply the S.M.A.R.T. rationale factors in import export
- Learn the 3P’s modalism and partnership shipping framework
- Awareness of INCOTERMS 2020 rulings on risks and costs
- Anticipate the conflicting issues of trade payment and shipping
- Executives and
- Managers performing functions of Finance and Costing
- Planning and Operations
- Purchasing and Supply
- Sales and Marketing,
- Order Receiving and Processing,
- Shipping and Logistics
- Customer Service and Support
COURSE OUTLINES :
1.Import Export Risks and International Carriage of Goods
- The dominant global risk factors of Security, Market, Adversary, Regulated and Transport risks creating logistics friction and weakening order fulfillment.
- The role and responsibility of a Forwarder, in capacity of an Agent and Principal. The immunities of the Standard Trading Conditions at the expense of cargo owners.
- The Carriage of Goods by Air, Sea, Rail and Truck in cross border trade. Featuring the Contract Owner, Contract Executioner and Contract Beneficiary and the managing of transportation risks and costs.
2 Trade Terms and Contract of Sales in Incoterms 2020
- The proper usage and execution of Incoterms, illustrating the 11 rulings in the 4 groups of E, F, C, D of seller’s and buyer’s responsibilities and obligations undertakings.
- The resolution of string sales transaction and security related factors. The provisions of cyber related business practice
- The renaming of DAT ruling to DPU. The ICC version of cargo clause in CIF and CIP. Shipped on Board clause insertion on the Bill of Lading in FCA by sea transport.
- The options of own means of transport in FCA,DPU,DAP, DDP
- The resolution of Sale Contract of goods sold demarcation.
- The contractual risks and costs between sellers and buyers and the importance of the factors of compliance and control.
3.Types of Documentation and Procedures in Global Trade
- The Commercial documents of Supplier’s Quotation, Purchase Order, Sales Confirmation Order, Proforma Invoice, Commercial Invoice, Supply and Delivery Contract.
- The Transportation documents of Airway Bill, Bill of lading, Shipper’s Letter of Instruction, Export Shipping Instruction, Shipping Order and Delivery Note.
- The Statutory documents of Certification of Compliane, Certificate of Origin, Fumigation Certificate and Cargo Inspection Report.
4.The Payment of Goods and Services in Global Trade
- The methods of trade payment from Open Account, Payment in Advance, Documentary Collection and Documentary Credits.
- The principles of Documentary Credit ( Letter of Credits ) in the financial undertakings. The types of Letter of Credits from Irrevocable Confirmed to Revocable.
- The general conditions of a Letter of Credit and the common discrepancies in Letter of Credits Instructions.
- The Uniformed Customs and Practices (UCP) 600 Implementation focusing the standard for examination of documents. The Uniformed Rules for Collection (URC) 522 focusing on the relevant steps.
5. Logistics Empowerment in Global Trade Management
- The precautionary undertakings of Cargo Safety, Consignment Security, Conveyance Integrity. The constraints and challenges of Commercial Status, Operational Standard, Statutory Requirement
- Logistcs objecives in achieving the terms of Payment, Sales, Delivery, Title, between transaction parties.
- The frictions and barriers of the 3 critical flows of Document, Cargo and Process from origin point to destination point.
- The value drivers of logistics on the change of Time, Place, Form and Utility.
6.Group and individual assignment on important learning points
- The preliminary awareness methodology of transaction risk and cost
- The analytical positioning of transaction terms and fulfillment terms
- The strategic roadmap of planning to reporting in the execution chain