Buying from Abroad
A two day non-residential course
The modern professional buyer needs to take advantage of all global sources in this dynamic and changing world but purchasing from sources outside the UK has many added challenges. This course comprehensively covers these challenges including managing currency and payment, understanding customs and import procedures and ensuring the enforceability of the buyer's requirements across differing legal systems.
The necessity for uniformity of understanding and interpretation of contractual obligations between the buyer and seller is emphasised together with practical methods of achieving these key requirements. Transportation, freight rates and selecting the correct Incoterm are also covered.
International Purchasing Strategy
The Added Risks of International Sourcing / Sources of Information / Market Research / World Wide Web / International Chamber of Commerce.
Complexities of International Trade
Communication / Distance / Legal / Financial / Dealing with Cultural & Ethical Issues / Corporate Social Responsibility.
The Enquiry Package
Getting Uniformity of Interpretation & Understanding / Product Specification / Agents & Distributors Documentation Required / Shipment.
Differing Legal Systems / Conflict of Laws / International Sale of Goods Convention / Contract of Sale / Problems of Enforcement & Jurisdiction / International Commercial Arbitration.
Fluctuations / Exchange Markets / Risk / Forward Exchange Contracts / Spot Rates.
Open Account / International Money Transfer / Bills of Exchange / Documentary Credits (Letters of Credit) / Cash Against Documents.
Performance Guarantee / Advance Payment Guarantee / Retention Money Guarantee.
Incoterms 2000 / Insurance Liabilities / Defining When Risk & Cost Pass / Critical Points / Selecting the Correct Term / Common Misconceptions.
Modes / Selection / Packaging / Freight Rates / Volumetric Weight / Insurance / TIR.
Bill of Lading / Sea Waybill / Truck Waybill / Air Waybill / Commercial Invoice / Certificate of Insurance / Certificate of Origin / Pre-Shipment Inspection Certificate.
Import and Custom Procedures
Tariffs / Single Administrative Document / Licences / Quotas / Duty / ADD / Valuation / VAT / Relief from Duty / IPR / PCC.
Completion of Declaration
Methods / Presentation / CFSP / LCP / Documents.
This Training Course is taught in classrooms in the following locations:
Guide Price: £525.00 + VAT new price for 2012 will be £545.00 + VAT