Managing Incoterms (2010) & Trade Payment Terms (UCP 600 URC 522) With Shipping Practices

24-25 Jul, 2019, Dorsett Kuala Lumpur

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Venue Details

Dorsett Kuala Lumpur
172 Jalan Imbi, 55100 Kuala Lumpur, - 55100
Phone : (603) 2716 1000

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Contact us

Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Jane,
03 2283 6101
Jane@ipa.com.my

ADDRESS 
A-28-5, 28th Floor, Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
www.ipa.com.my

FOCUSING ON
  • Import Export Risks and International Carriage of Goods
  • Trade Terms and Contract of Sales in Incoterms 2010
  • Principles and Provisions of Marine Cargo Insurance
  • Types of Documentation and Procedures in Global Trade
  • The Payment of Goods and Services in Global Trade
  • Logistics Empowerment in Global Trade Movement
AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Familiarizing the S.M.A.R.T risks factors of import export.
  2. Learning the 3P’s modalism and documentation of shipping.
  3. Understanding the INCOTERMS 2010 rulings on risks and costs.
  4. Explaining the UCP 600 and URC 522 guidelines in trade payment.
  5. Familiarizing the marine insurance clauses and ruling of M.I.A.
OBJECTIVES
  • The Internal and External Risks of International Transactions
  • The Elements of Incoterms, Trade Payment and Shipping
  • The Rulings of Import Export Compliance and Formalities
  • The Provisions of Marine Cargo Insurance Policies
WHO SHOULD ATTEND
Executives and Managers performing functions of Finance and Costing, Planning and Operations, Purchasing and Supply, Sales and Marketing, Order Receiving and Processing, Shipping and Logistics, Customer Service and Support.
METHODOLOGY
  • Interactive Lectures
  • Case studies
  • Group assignment
DAY 1
9:00

IMPORT EXPORT RISKS AND INTERNATIONAL CARRIAGE OF GOODS

  • The dominant global risk factors of Security, Market, Adversary, Regulated and Transport risks creating logistics friction and weakening order fulfillment
  • The role and responsibility of a Forwarder, in capacity of an Agent and Principal. The immunities of the Standard Trading Conditions at the expense of cargo owners
  • The Carriage of Goods by Air, Sea, Rail and Truck in cross border trade. Featuring the Contract Owner, Contract Executioner
    and Contract Beneficiary and the managing of transportation risks and costs
10:45

TRADE TERMS AND CONTRACT OF SALES IN INCOTERMS 2010

  • The proper usage and execution of Incoterms, illustrating the 11 rulings in the 4 groups of E, F, C, D of seller’s and buyer’s responsibilities and liabilities undertakings
  • The new provisions of Chain of String Sales and Chain of Custody. The new classification of DAT and DAP ruling
  • The contractual risks and costs between sellers and buyers and the importance of the factors of compliance and control.
1:00 Lunch
2:00

PRINCIPLES AND PROVISIONS OF MARINE CARGO INSURANCE

  • The pre-requisites of a Marine Cargo Insurance Policy complementing the carrier’s limited liability, variants of transport hazards, cargo fragility and
    perishability
  • The types of Referred and Declined Risks. The underwriting conditions and general principles of marine cargo insurance practices
  • The definition of Particular Average and General Average. The difference between Free of Particular Average and With Particular Average. The version of All Risks coverage and War Strikes and Civil Commotions Risks
5:00 End of Day 1
DAY 2
9:00

TYPES OF DOCUMENTATION AND PROCEDURES IN GLOBAL TRADE

  • The Commercial documents of Supplier’s Quotation, Purchase Order, Sales Confirmation Order, Proforma Invoice, Commercial Invoice, Supply and Delivery Contract
  • The Transportation documents of Airway Bill, Bill of lading, Shipper’s Letter of Instruction, Export Shipping Instruction, Shipping Order and Delivery Note
  • The Statutory documents of Certification of Compliane, Certificate of Origin, Fumigation Certificate and Cargo Inspection Report
10:45

THE PAYMENT OF GOODS AND SERVICES IN GLOBAL TRADE

  • The methods of trade payment from Open Account, Payment in Advance, Documentary Collection and Documentary Credits
  • The principles of Documentary Credit ( Letter of Credits)
    in the financial undertakings. The types of Letter of Credits from Irrevocable Confirmed to Revocable. The general conditions of a Letter of Credit and the common discrepancies in Letter of Credits Instructions
  • The Uniformed Customs and Practices (UCP) 600 Implementation focusing the standard for examination of documents. The Uniformed Rules for Collection (URC) 522 focusing on the relevant steps.
1:00 Lunch
2:00

LOGISTICS EMPOWERMENT IN GLOBAL TRADE MOVEMENT

  • The precautionary undertakings of Cargo Safety, Consignment Security, Conveyance Integrity. The constraints and challenges of Commercial Status, Operational Standard, Statutory Specification
  • Logistcs objecives in achieving the terms of Payment, Sales, Delivery, Title, between transaction parties
  • The frictions and barriers of the 3 critical flows of Document, Cargo and Process from origin point to destination point. The value drivers of logistics on the change of Time, Place, Form and Utuility.
5:00 End of Course