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Export-Import, LC

Course: Export-Import Business Through different types of L/C , its Procedure & Risk Management. 

Training Overview:

The Course  Export-Import Business through different types of L/C , its Procedure &Management is designed and articulated to sharpen participant’s knowledge and skills in doing and handling  Export –Import business efficiently and successfully. Step by step process and procedures have been described as participants can gather knowledge easily and implement the training result in the real life business. This course is planned such a way that within a short period of time the participants can sharpen their knowledge in International Business. Precipitants will be truly benefited just walk away from the training room and also they will get a profitable & prestigious career progression either in job or business.

Export –Import business is one of the hot industries of the new millennium. Export –Import business becomes more and more rewarding, both in terms of profit and personal satisfaction.

But the Export-Import field is not the sole purview of the conglomerate corporate trader, the big guys make up only about few percent of all exporters. Which means that the other major percent of exporters–the lion’s share are small outfits like yours will be–when you’re new, at least.

In international business major and safest mode of payment is L/C. For importing, we need to open the import L/C. For export you need to receive Export L/C for successful business deal. L/C has certain rules and procedure to manage. As per Bangladesh Import policy importer must open the L/C to import the goods (exceptions applied in some cases). Either for Import L/C or export L/C   , technical knowledge on L/C rules and procedure, its possible financing and necessary risk management through insurance coverage is required. Due to mismanagement of those aspects, companies may fall in deep hassle   and incur huge loss in Business.

 

If the goods you need for your business are unavailable in this country or cost less in others, then you may want to import them. Importing commercial goods into Bangladesh is a regulated activity. The Chief Controller of Import and Export authority is the government organization that enforces import regulations. Major imports are machinery and equipment, chemicals, iron and steel, textiles, foodstuffs, petroleum products .Main import partners are China 21.7%, India 16.3%, Malaysia 5.2%, Republic of Korea 4.5%, Japan 4.1%

 

Thinking of finding new markets for your products or services? Exporting is one way to increase sales and grow your business. While the rewards of exporting can be great, it is not without risks. Learning the basics, conducting research and staying informed can help you succeed in your export venture. Major  Exports commodities are garments, knitwear, agricultural products, frozen food (fish and seafood), jute and jute goods, leather .These products are bought, sold, represented and distributed somewhere in the world on a daily basis. Main Export  partners are US 18.7%, Germany 15.8%, UK 10.2%, France 6.2%, Spain 4.6%, Canada 4.3%, Italy 4%  except Israel.

 

Who can attend?

The business owners or individuals are  interested to start export-import business , business graduates & engineering  students, professional  engaged in  Export, Import, Procurement, Logistics, Supply Chain, Distribution ,Shipping, Freight Forwarding ,C&F, Indenting, Agency Business, Customs, Courier ,Training, Finance & Accounts, International Trade and  many more learning minded people  those are involved in Private Sector, Public sector and Nonprofit organizations (NGOs)

Training Objectives:
  • Explain the main concept of L/C Types, L/C Management, and IMPORT through L/C and EXPORT through L/C, Risk and Insurance Management under International business.
  • It aims to provide participants foundational and advanced knowledge on how to tackle, resolve, and manage myriad complex problems and issues that confront Export-Import managers.
  • The purpose of the course is to recognize the right and complete process and procedure of Export-Import Business through L/C.
  • Strengthening the Capacity of the professional involves in Export-Import as they can find out GAP and minimize cost
  • Export the products and services with irrevocable L/C  to the right  places in right time  and satisfy the customer
  • Import the products and services with irrevocable L/C  from the right  places in right time  and satisfy the customer.

 

Learning Methodology:

 

  • Lecture & discussion
  • Power Point Presentation
  • Peer learning
  • Group work and presentation
  • Experience sharing
  • Role play
  • Buzz and simulation games
  • Case study exercises
  • Video clip

 

Training  Contents :

Session 1

  1. IMPORT BUSINESS OVERVIEW THROUGH L/C OR WITH OUT L/C
  2. IMPORT BUSINESS MODEL
  3. IMPORT PROCEDURE EITHER THROUGH L/C or  WITHOUT L/C
  4. SELECTION OF PERFECT H.S.CODE
  5. IMPORT PAYMENT EITHER THROUGH L/C OR WITH OUT L/C
  6. APPRORITATE INCOTERM USAGES FOR IMPORT
  7. IMPORT AGAINST MASTER L/C (BACK TO BACK L/C
  8. DIFFERENT TYPES OF L/C AND ITS PRACTICES

9.L/C OPENING RULES AND PROCEDURE

  1. IMPORT AGAINST BOND/SUPERVISED BOND LICENSE SYSTEM
  2. IMPORT L/C FINANCING
  3. IMPORT BY CASH FUND
  4. IMPORT BY LOAN/GRANT FUND
  5. SUPPLIERS CREDIT
  6. POST IMPORT FINANCING UNDER LTR AND LIM
  7. SELECTION OF RIGHT INSURANCE CLAUSES –ICC “A”,ICC”B”,ICC “C” AND ALLRISK COVERAGE
  8. INSURANCE CLAIM SETTLEMENT
  9. PSI & POST SHIPMENT INSPECTION
  10. DISPUTE SETTLEMENT IF EITHER PARTY DEFAULT

20.. COUNTRY SPECIFIC RULES, REGULATIONS AND LAW.

  1. IMPORT L/C CHECK LIST,IMPORT L/C CASE STUDIES,EXERCISES,VEDIO CLIPS

Session 2

  1. EXPORT BUSINESS OVERVIEW THROUGH L/C or WITH OUT L/C
  2. EXPORT BUSINESS MODEL
  3. EXPORT PROCEDURE
  4. SELECTION OF PERFECT H.S.CODE
  5. EXPORT L/C
  6. EXPORT PAYMENT EITHER THROUGH P L/C  or PO
  7. APPRORITATE INCO TERM USAGES FOR EXPORT
  8. EXPORT FINANCING
  9. ADVANCE PAYMENT –FUND FROM BUYER
  10. EXPORT CREDIT
  11. PACKING CREDIT
  12. MASTER LC FROM BUYER

34 EXPORTS INSURANCE

35.. INTERNATIONAL INSURANCE AND LOCAL INSURANCE

  1. PSI & POST SHIPMENT INSPECTION
  2. DISPUTE SETTLEMENT IF EITHER PARTY DEFAULT
  3. COUNTRY SPECIFIC RULES, REGULATIONS AND LAW
  4. EXPORT L/C CHECK LIST,EXPORT L/C CASE STUDIES,EXERCISES,VEDIO CLIPS