Course Detail()
Not Available

UTAP Funding

7.00 CPE Hours (Others)
Classroom

This course is also available as a Live Webinar session. To view the available dates, please click here. 


Programme Objective

This one-day seminar covers the basic requirements in an Import/Export trade transaction. It also provides participants a guide to Import/Export operations, for example, the need for Exporters to take pre-emptive measures like the purchase of insurance or extending shipment dates in anticipation of possible event/s (flood or civil unrest) that may lead to discrepancies in documentation.

Participants will be able to understand:

- Types of international trades

- Types of documentations arising from international trades

- Implications arising from international trades

This course also provide guidance in an Import/Export trade transaction and operations with practical examples and pre-emptive measures to mitigate potential risk.

Programme Outline

Overview of the Trade Cycle-

  • What is Trade and how are trades transacted?
  • What is Countertrade (Barter) trade?
  • What is Domestic/Local trade?
  • Factors affecting International Trade – Political (Macro Risk), Legal (Customs), Economic (Currencies Risk), Social & Cultural
  • Essential features of a simple Sales and Purchase (S&P) Agreement
  • What is an Offer and Acceptance?
  • Different Methods of Payment/Settlement -Payment Mechanism
    • Cash in Advance/Payment in Advance
    • Open Account
    • Consignment
    • Documentary Collection
    • Documentary Credits (LC)
    • * Factors affecting the choice of payment *
  • What is Documentary Collection (URC 522)?
    • Documents against Payment (D/P)
    • Documents against Acceptance (D/A)
  • What is Documentary Credit (UCP 600)?
    • How does L/C works?
    • Issuance/operations of L/C.
    • Types of Letter of Credit
    • Checking procedure, common discrepancies.
    • Duties of Applicant, Beneficiary, and the Banks

Letter of Credit – Checklist and Guide for Importers/Exporters

  • What are Incoterms (2010)?
    • Explain the role and importance of Incoterms
    • List the current Incoterms
  • Standard Shipping Documents
    • Invoice (Proforma, Commercial, Consular)
    • Packing List/Weight List
    • Certificate of Origin
    • Transport documents
    • Others
  • Questions and Answers and Case Studies

Training Methodology

Lectures, Questions & Answers and Case Studies.    

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A foundation to intermediate level seminar intended for Managers, Executives and Professionals who are involved in import and export transactions/operations. Those who are interested to acquire valuable insights into this subject matter are encouraged to attend as well.

Schedule & Fees

Testimonial

Funding

1] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.

To find out more on the UTAP funding and support validity period please click here.

Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

Programme Facilitator(s)

This course is also available as a Live Webinar session. To view the available dates, please click here. 


Programme Objective

This one-day seminar covers the basic requirements in an Import/Export trade transaction. It also provides participants a guide to Import/Export operations, for example, the need for Exporters to take pre-emptive measures like the purchase of insurance or extending shipment dates in anticipation of possible event/s (flood or civil unrest) that may lead to discrepancies in documentation.

Participants will be able to understand:

- Types of international trades

- Types of documentations arising from international trades

- Implications arising from international trades

This course also provide guidance in an Import/Export trade transaction and operations with practical examples and pre-emptive measures to mitigate potential risk.

Programme Outline

Overview of the Trade Cycle-

  • What is Trade and how are trades transacted?
  • What is Countertrade (Barter) trade?
  • What is Domestic/Local trade?
  • Factors affecting International Trade – Political (Macro Risk), Legal (Customs), Economic (Currencies Risk), Social & Cultural
  • Essential features of a simple Sales and Purchase (S&P) Agreement
  • What is an Offer and Acceptance?
  • Different Methods of Payment/Settlement -Payment Mechanism
    • Cash in Advance/Payment in Advance
    • Open Account
    • Consignment
    • Documentary Collection
    • Documentary Credits (LC)
    • * Factors affecting the choice of payment *
  • What is Documentary Collection (URC 522)?
    • Documents against Payment (D/P)
    • Documents against Acceptance (D/A)
  • What is Documentary Credit (UCP 600)?
    • How does L/C works?
    • Issuance/operations of L/C.
    • Types of Letter of Credit
    • Checking procedure, common discrepancies.
    • Duties of Applicant, Beneficiary, and the Banks

Letter of Credit – Checklist and Guide for Importers/Exporters

  • What are Incoterms (2010)?
    • Explain the role and importance of Incoterms
    • List the current Incoterms
  • Standard Shipping Documents
    • Invoice (Proforma, Commercial, Consular)
    • Packing List/Weight List
    • Certificate of Origin
    • Transport documents
    • Others
  • Questions and Answers and Case Studies

Training Methodology

Lectures, Questions & Answers and Case Studies.    

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A foundation to intermediate level seminar intended for Managers, Executives and Professionals who are involved in import and export transactions/operations. Those who are interested to acquire valuable insights into this subject matter are encouraged to attend as well.

Programme Facilitator(s)


No course instances or course instance sessions available.