Incoterms 2010 & Shipping Procedures

Introduction

Knowledge of import and export procedures is a key part of the supply chain process. Various types of documentations are involved in export & import activities. In processing the export consignment, documentation may be executed in up to four contracts: the export sales contract, the contract of carriage, the contract of finance and the contract of cargo insurance. It is therefore important to understand the role of each document and its requirements in international trade. Exporter/Importer are also required to comply the documentary requirement of exporter /importer and his country. These requirements also keep on changing. Irregular documents creates problems and result into delay in delivery of the goods. Incoterms are authoritative rules for determining how costs and risks are allocated to the parties and can significantly reduce misunderstandings among traders, thereby minimize trade disputes and litigation. This course will provide a complete and comprehensive insight into import & export procedures. The course will suit both beginners and those who have more than a basic understanding of import regulations.

How Will You Benefit

At the end of the 2 days course, all participants will be able to:

• Understand and update information on the Import & Export Procedures.
• Develop Knowledge on documentation, License, Custom Duties & Facilities.
• Understand the responsibilities of the Seller & Buyer under Incoterms.
• Develop knowledge and skills to evaluate current Shipping Term practiced by own organization.
• Negotiate on international contract based on risk and cost of Shipping.
• Use updated knowledge to produce better Shipping and Logistics performance.

 Audience

• Logistics, Warehouse, Sales, Planning Managers
• Logistics, Warehouse, Sales, Planning Executives/Officers/Supervisors
• Logistics, Warehouse, Sales, Planning Team Leaders and Clerical staff

Methodology

• Lectures
• Presentation
• Group discussions/interactions
• Case studies

Module

• INTERNATIONAL PURCHASING
• IMPORT & EXPORT DOCUMENTATION & PROCEDURES
• TAXATION SYSTEM IN MALAYSIA
• UNDERSTANDING CONTRACT
• INTRODUCTION TO INCOTERMS
• INCOTERMS BY GROUPINGS
• DETAILS & TERMS OF INCOTERMS
• TRANSPORTATION MANAGEMENT
• DECISION MAKING
• IMPORTANT TASK