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Training Course Summary:

Correct documentation is vital in international trade and directly impacts on your prospects of securing payment. Good customs compliance is also vital, and can save costs and increase profitability. This practical course provides an overview of the main documentation and procedures involved in a typical trade transaction and will demonstrate how these benefits can be achieved

Who Should Attend:

Suitable for those with little export experience who want to understand the basic terminology and activities involved in exporting. It is also a good refresher for those returning to export.

Training Course Overview/Content:

Introduction

The four key export contracts
The Key Export Documents

Commercial functions of documents
Typical export documents
What determines which documents are raised?
Learn a formula to predict document requirements
How and why documents are used
Understanding the export cycle
Checking Documentation

Understand how to check shipping documents for accuracy
Learn how to complete a good export invoice
Recognise the differences between pro-forma, commercial and shipping invoice
Payment Methods and How the Documents Fit In

Overview of the four main payment methods
Open account
Cash in advance
Documentary collections
Documentary letters of credit
How the documents fit into the payment methods
Typical Transport Documents

Bills of lading
Air waybills
Understand the difference between negotiable and non-negotiable instruments
Marine Insurance

When to insure and who insures?
Understand the governing principles
The certificate of insurance
Customs Procedures and Requirements

The functions of Customs & Excise
Traders’ obligations and the law
Customs controls
Statistical collection (using SAD and Intrastat) and your responsibilities
Collection of Customs duties and taxes
Customs procedures for EC and non-EC countries
Examine opportunities for saving costs
Using customs concessions to commercial advantage