Import Training

By: Business Training  01/04/2009
Keywords: Import Training

Our seminar, accredited by The Institute of Export, will offer practical guidance to prospective and existing importersby considering the basic procedures, terminology and documentation required for successful importing. The course provides an overview of the entire importing process including supplier selection, evaluation of risks, supply chain, terms of delivery, methods of payment, selection of clearing agent, quotas, duty and excise and the role of UK Customs.

 

The seminar 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 procedures and look briefly at some of the duty and excise reliefs available

 

 

First time and prospective importers, experienced importers who require updating, purchasing and sourcing staff, inward freight, customs clearance and financial staff

 

 

  • Background to Importing- Balance of Trade – Primary and Secondary Imports
  • Indirect and Direct Importing – Merchants Agents and Distributors
  • Organising for importing
  • Role of Clearing Agent
  • Evaluation of Risks
  • Supplier selection criteria
  • The purchase order
  • Terms of Delivery and the supply chain
  • Insurance –Whose responsibility and limits of insurance
  • Methods of Payment-Letters of Credit and Drafts
  • Documentation
  • Import Licensing
  • EC trading and preferential areas
  • Quotas and Suspensions
  • Classification of Goods
  • The role of HM Customs, AEO and security considerations
  • Import Entry and Declarations
  • Duties, taxes and reliefs

 

 

The seminar should assist the delegate to

 

  • Make an informed choice of their preferred method of importing
  • Select a forwarding / clearing agent
  • Identify appropriate criteria for supplier selection
  • Evaluate source country risk
  • Select the most appropriate Incoterm
  • Understand the implications of payment methods for securing delivery
  • Identify the documentation required and the parties responsible for preparation.
  • Ensure customs compliance
  • Determine whether an import license is necessary
  • Gain an understanding of the duties and taxes payable and the reliefs available

Keywords: Import Training

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