Managing Effective Delivery with Incoterms® and Shipping Operations for Importers and Exporters

UNDERSTANDING and MANAGING the delivery and shipping operation using appropriate rules and documents. APPLYING the right type of delivery rules during exporting and importing. KNOWING the risk and benefits of using the INCOTERMS® rules for delivery. LEARNING the concept of calculating import tax using the various Customs rules. KNOWING and having awareness of the different types of Bill of Lading and notations mentioned in BL. MASTERING the types of payment systems in shipping operations.

Day 1 MODULE 1 – RULE OF INCOTERMS FOR DELIVERY IN INTERNATIONAL AND DOMESTIC TRADE • Evolution of Incoterms® • Responsibility and liability of seller and buyer in the process of delivery • Incoterms® limitation • Packaging Responsibilities • Multimodal Incoterms® and Seaway Incoterms® MODULE 2 – UNDERSTANDING BUYER MANAGED INCOTERMS® • Rule of EXW • Rule of FOB • Rule of FCA • Rule of FAS • Exception rules apply for FOB, FCA and FAS MODULE 3 – UNDERSTANDING SELLER MANAGED INCOTERMS® • Rule of CIF and CFR • Rule of CIP and CPT • Rule of Transshipments and Bill of Lading MODULE 4 – UNDERSTANDING DOOR TO DOOR INCOTERMS® • Rule of DAP • Rule of DPU • Rule of DDP Day 2 MODULE 5 – CARRIER AND FREIGHT FORWARDER RESPONSIBILITY • Freight forwarder and carrier responsibility • NVOCC versus Ocean Carrier • Chartered shipping operation • Types of Cargoes in shipping • Quiz session MODULE 6 – CARGO TITLE DOCUMENTS AND INSURANCE • Different type of Bill of Lading • Negotiable versus Non-Negotiable Bill of Lading • Bill of Lading issued for Letter of Credit • Blank endorsed Bill of Lading • Chartered Bill of Lading • Waybills • Packing list and Invoice best practices and purpose • Cargo insurance, the different type available • Delivery order versus Packing List • Quiz session MODULE 7 – CUSTOMS AND FREE TRADE AGREEMENT • Customs role and responsibility • Type of Customs Forms • Method of calculating import duties and sales tax • Harmonized Tariff code • Free Trade Agreement purpose and rule of origin • Temporary Export and Import scheme • Quiz session MODULE 8 – PAYMENT METHOD FOR INTERNATIONAL TRADE • Rule of Letter of Credit • Rule of Documentary collection • Trade Insurance End of Course.