RDC 001 – Managing Incoterms Shipping Document & Trade Payment

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In-House Programs / Logistic & Quality / Reports/Document/Contract /

RDC 001 - Managing Incoterms Shipping Document & Trade Payment

Price

Duration: 2 Days

Lectures: InHouse

Certificate of Completion

INTRODUCTION

The programme enables participants to understand the international trade terms and import and export procedures and documentation from a practical point. Participants will be able to determine the trade terms, which offer the greatest cost savings, Avoid shipping errors, accurately describe the materials to be shipped and updates on the relevant Government Controlling Regulatory Trade Requirement

Objective

Understand the purpose and scope of incoterms 2000
Update your knowledge on Incoterms 2000 and UCP 600
Understand the impact and export procedures and documentation from a practical perspective
Understand the various type the letter of credit(LC)

Learn the various steps of import and export procedures and documentation flow
Understand the need for banking facilities to meet the short term and the long term financial requirement of a business
Learn all the condition of documentary credit and collection in shipping
Grasp detailed insight into documentary credit or letter of credit

Who should attend?

Participants of all levels who are involved in Logistics, Purchasing, Freight Forwarding, Warehouse and Distribution.

CURRICULUM

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Day One

Module 1: Introduction to Global Trade

Seminar

Why need for international trade?
- Buffer stock
- Government intervention
- Welfarism

Shipping trade players
- Shipper
- Freight forwarder
- Liner
- Forwarding agent
- Haulage
- Container yard
- Third party warehouse
- Port of Lading

Module 2: Commercials and Trade Document in Shipping Practices

Seminar

The supplier’s quotation
The proforma invoice
The purchase order
The sales confirmation
The commercial invoice
The packing list
The shipper’s export procedures and documentations
The export shipping instruction

Module 3: Understanding of Incoterms

Seminar

Understanding Incoterms or international commercial terms
Incoterms 2000 – a standard trade definition
List of terms
Purpose of Incoterm
Categories of Incoterm
Division of the terms into four groups
Obligations, responsibilities and risks under the different terms

Module 4: The Four Major Groups of E, F, C & D Terms

Seminar

Group E – Departure
- EXW (Ex Works)

Group F – Main carriage unpaid
- FCA (Free carrier)
- FAS (Free alongside ship)
- FOB (Free on board)
Group C – Main carriage paid
- CFR (Cost and freight)
- CIF (Cost, insurance and freight)
- CPT (Carriage paid to)
- CIP (Carriage and insurance paid to)
Group D – Arrival
- DAF (Delivered at frontier)
- DES (Delivered ex ship)
- DEQ (Delivered ex quay)
- DDU (Delivered duty unpaid
- DDP (Delivered duty paid)

Module 5: UCP 600

Seminar

Article 1-5
- Definition, interpretation, independence of credits and underlying, contracts

Article 6-10
- Availability, expiry date and place, obligations of issuing and confirming bank, advising credits and amendments
Article 11-17
- Pre-advised credits, nominated bank, reimbursement arrangements, complying presentations and discrepant documents, waiver, original documents and notices
Article 18-28
- Article 18 Commercial Invoice
- Article 19-27 Transport Documents
- Article 28 Insurance Documents
Article 29-37
- Extension of expiry date, tolerances, partial drawings and partial shipments, disclaimers
Article 38-39
- Transferability of credits and assignment of proceeds