International Procurement

What topics are covered by the course?

Course Content

Opportunities & Challenges
The Added Risks of International Sourcing / International Purchasing Strategy / Sourcing & Evaluation of Overseas Suppliers / Communication / Distance / Dealing with Cultural & Ethical Issues / Corporate Social Responsibility & Environmental Factors / Role of the International Chamber of Commerce (ICC).

The Enquiry Package
Getting Uniformity of Interpretation & Understanding / Product Specification / Documentation / CE Marking / Packing & Labelling / Incoterms & Shipment.
Legal Complexities of International Trade
Differing Legal Systems / Conflict of Laws / International Sale of Goods Convention / ICC Model Contracts / The Unidroit Principles for Commercial Contracts / Challenges of Enforcement & Jurisdiction / The Implications of The Brussels, Lugano Conventions / Rome I Regulations / Using International Commercial Arbitration for Dispute Resolution.

Currency & Payment
Handling Currency Fluctuations / Risk & Speculation / Matching & Multilateral Netting / Currency Options / Forward Exchange Contracts / Open Account / International Money Transfer / Bills of Exchange / Documentary Credits (Letters of Credit) / Cash Against Documents / Protecting Payments / Advanced Payment Guarantees.

Incoterms 2010
ICC Incoterms 2010 / When does Risk & Cost Pass? / Critical Points / Insurance & Compensation for Loss or Damage / Selecting the Correct Term / Common Misconceptions.

Transportation
Modes / Selection / Packaging / Freight Rates / Volumetric Weight / Insurance / TIR.

Documentation
Bill of Lading / Sea Waybill / FIATA Multi Modal Bill / Truck Waybill / Air Waybill / Standard Shipping Note / Commercial Invoice / Certificate of Insurance / Certificate of Origin / Pre-Shipment Inspection Certificate / Affect of the Transportation Conventions.

Import and Custom Procedures
HM Revenue & Customs / The European Union / Goods in Free Circulation / The Union Customs Code (UCC) 2016 / Customs Notice 3001 / Import Declarations / Import Licences / Import Duty / Valuation of Imports / VAT / Additional Levies / ADD / Relief from Duty / Tariff Quotas / Preference Rates / Inward Processing (IP) / End Use Relief (EnU) / Simplified/Accelerated Procedures at Import /
CFSP / SDP / EIDR / Customs Warehousing / Free Zones.

Who should attend?

Intended for purchasing personnel who wish to take advantage of the benefits and opportunities of international trade but also to effectively manage the many complexities of international procurement.

What will I be able to do on completion?

On completion of this course you will understand and be able to comprehensively deal the added challenges of buying globally.

Attendees will learn how to manage currency and payment, understand customs and import procedures and be able to ensure 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 the revised ICC Incoterms are also covered.

How will I be assessed?

Individually by course presenter

Don't just take our word for it, ere's the experience of a recent course attendee:

'Very knowledgeable tutor, well delivered and presented course with thorough notes.'

Kay Booth | EDF Energy

Guide Price: £645.00 + VAT

Delivery: Classroom
Category: Purchasing »
Duration: 2-day non-residential
Qualification: Certificate of attendance on completion

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This course is conducted at:

  • Doncaster Racecourse Exhibition and

    Doncaster Racecourse Exhibition and

    Leger Way
    Doncaster
    South Yorkshire

    DN2 6BB