Why this course?
This import training course will offer practical guidance on the latest procedures, terminology and documentation required for successful importing. It will highlight some of the pitfalls that often cause importers to incur unnecessary costs and delays in arrival of goods and suggest some ways of avoiding these. It will increase understanding of Customs rules and compliance procedures and look briefly at some of the duty reliefs available.
Who is it for?
Those with responsibility for purchasing from abroad, inward freight, customer services, customs clearance and financial staff. The course content will be equally relevant to sole traders, personnel from large corporation and small and medium size enterprises. It will be equally suitable for those with no prior experience and those who require updating with the latest information.
What does it cover?
• General Importing Issues – A brief economic background to import export – primary and secondary imports – import controls – The Role of HM Revenue and Customs – preferential trading agreements
• Supplier and Product – Indirect and direct importing – Quality issues-The importing fundamentals-type of supplier – moral and ethical considerations-sources of help-product risk-instructing the supplier
• The role of freight forwarders and clearing agents- Shipping agents and airline forwarders – fast parcels operators – how do they cost for carriage – what is an ”agent” – direct and indirect contracting – the role of clearing agent- the need for control
• Import Risk Evaluation Exercise
• The Terms of Delivery – The New Incoterm – Description of rules – discussion of advantages and disadvantages of each term from an importers perspective
• Cargo Insurance – Forwarders cover – open cover- issues to consider
• Documentation – The importance of controlling import documentation – Types of import documentation – rules for completion – examples – electronic documentation – storage and retention
• International Payments – Payment options for import – Letters of Credits – Documentary requirements – Documentary Collections
• The Role of Customs – Authorised Economic Operators-The Integrated Tariff – customs procedures – classification and commodity codes – customs procedure codes
• The Origin Question – Where do goods originate – why is it important – how to establish origination – preferential trading – origin documentation
• European Community Trading- Free Circulation – Community Transit – Intrastat Procedures
• Licensing and Quotas – Why do we need import licenses – The licensing bodies – import quotas and community ceilings
• Import Declarations – The sequence of events – Declaration options – Customs Freight Simplified Procedures-Declaration documents
• Duties – Calculation of duty and VAT -Anti Dumping Duty – Suspension and Deferment of duty – duty management
• Import Duty Relief Regimes – Duty Suspension – End Use – Inward Processing Relief – Outward Processing Relief – Returned Goods Relief – Customs Warehousing
Benefits and outcomes:
You will understand the way imports are handled and the work done in a typical import office. With the ability to source goods more knowledgably, you will know what instructions to give to your clearing agent and how to avoid paying unnecessary charges.
Global Members: To book on with your discounted rate, please call +44 (0) 1753 870 560 or email firstname.lastname@example.org
Non Members: Please call +44 (0) 1753 870 560 or email email@example.com to book your place for this workshop.