International Shipping Procedures, Inconterm, Letter of Credit and Hemonized System (HS) Code

Course Objectives

• Gain knowledge on International Trade Terms.
• Understand the various documents used in International Trade and Shipping
• Understand the various steps involved in Import and Export Procedures and Documents Flow.
• Describe the tariff’s structure, purpose, and use of the alphabetical index.
• Interpret the general notes and six general rules of interpretation (GRIs).
• Interpret section notes, chapter notes, and assign HTS codes.
• Understanding the different types of LCs, and its benefits and risk.
• Knowledge on Incoterms, the differences, benefits and risk.

Target Audience

This program is suitable for Shipping, Purchasing & Accounting Professionals involved directly or in-directly in the Supply-Chain, Shipping and Purchasing Processes.

Methodology

This program will combine a variety of instructional methods including lecture by an experienced practitioner and consultant, case-study and group discussions covering current practices and their relationship to current practices in Malaysia

Course Modules

Module 1 – International Trade Terms (INCOTERMS)
Module 2 – International Shipping Documents
Module 3 – Import Shipment Procedures
Module 4 – Export Shipment Procedures
Module 5 – Transhipment Procedures
Module 6 – Define terms used in the Customs Nomenclature (HS Code)
Module 7 – Cargo Insurance Policy
Module 8 – Letter Of Credit
Module 9 – International Shipping Procedures (Practical)