The misuse of these terms can lead to delays, penalties, problems with payment and more. This half day seminar will explain Incoterms® and their importance in international trade contracts.
This module aims to develop knowledge and understanding of the importance of customs documentation in the world of international trade to ensure both parties clearly understand the documentation that will be required in the import or export of goods or services.
This module aims to develop knowledge and understanding of the exporting process used in international trade from novice to practitioner. It includes documentation, incoterms, responsibilities of an exporter, commodity codes, origin and duties and taxes.
This workshop covers the five main types of payment for exports, from advance payment to open account. It includes the use of Bills of Exchange with and without documents
The course on Exploring Current Trade Finance Processes is designed to equip participants with a thorough understanding of the essential elements that drive international trade. Participants will delve into the concept and importance of trade finance, gaining insights into the intricate processes of trade inquiry, quotation, purchase orders, and sales contracts. After the successful completion of the course, you will be able to learn about the following,⦠Understand the concept and importance of trade finance in facilitating international trade and mitigating risks.⦠Explain the trade inquiry and quotation process, purchase orders, and sales contracts.⦠Identify and describe essential export and import documentation required for compliance.⦠Outline the use of letters of credit (LC) and bank guarantees in international trade. Participants will first grasp the foundational concepts of trade finance, emphasizing its crucial role in facilitating international trade while mitigating associated risks. The course delves into the specific processes involved in trade, from inquiries and quotations to the formalization of transactions through purchase orders and sales contracts. Essential export and import documentation necessary for compliance will be identified and described in detail. Furthermore, participants will gain insights into the practical application of financial instruments such as letters of credit (LC) and bank guarantees in the context of international trade. Explore the intricacies of current trade finance processes, from understanding the fundamental concepts to navigating trade inquiries, purchase orders, and documentation requirements. Gain practical insights into the use of financial instruments like letters of credit and bank guarantees, essential for facilitating seamless international transactions and risk mitigation. Course Structure and Assessment Guidelines Watch this video to gain further insight. Navigating the MSBM Study Portal Watch this video to gain further insight. Interacting with Lectures/Learning Components Watch this video to gain further insight. Current Trade Finance Processes Self-paced pre-recorded learning content on this topic. Current Trade Finance Processes Put your knowledge to the test with this quiz. Read each question carefully and choose the response that you feel is correct. All MSBM courses are accredited by the relevant partners and awarding bodies. Please refer to MSBM accreditation in about us for more details. There are no strict entry requirements for this course. Work experience will be added advantage to understanding the content of the course. The certificate is designed to enhance the learner's knowledge in the field. This certificate is for everyone eager to know more and get updated on current ideas in their respective field. We recommend this certificate for the following audience. Trade Finance Analyst International Trade Compliance Specialist Trade Operations Manager Documentary Credit Officer Export Documentation Coordinator Import Compliance Analyst Trade Finance Relationship Manager Trade Risk Analyst Letters of Credit Specialist Export Finance Coordinator Average Completion Time 2 Weeks Accreditation 3 CPD Hours Level Advanced Start Time Anytime 100% Online Study online with ease. Unlimited Access 24/7 unlimited access with pre-recorded lectures. Low Fees Our fees are low and easy to pay online.
This module aims to develop knowledge and understanding as to how an organisation develops an international trade strategy. It includes establishing export goals, undertaking research into potential markets, developing an international pricing strategy, investigating shipping and logistics, marketing and promotion, documentation, distribution and review and monitoring.
This module aims to develop knowledge from research activities to gain an understanding of international trade theory, global economic development and growth, currency and exchange rates, trade policies and their impact on an organisation, free trade agreements, direct investment from financial sources outside the UK, tariffs and no trade barriers, supply chain and logistics, intercultural management and international law and treaties.
This module aims to develop knowledge and understanding of the status of an authorised economic operator in the export and in import of goods. This includes the advantages of the status, trusted trader, and the process securing the authorised economic operator status.
Logistics for Traders: Importance, Role and Benefits. This session will look at how logistics is a critical component within the supply chain but is often overlooked.
This module aims to develop knowledge and understanding of customs procedures associated with international trade. The module includes trade agreements, tariffs and taxes, immigration, intellectual property rights, clearance procedures, transport regulations, sanitary and Phyto-sanitary measures, customs valuation, preference systems and anti-dumping measures.