Understanding commodity codes is vital to internationally trading businesses. Commodity codes are used worldwide to determine the customs duty and other charges levied on the goods when importing and exporting.
This workshop covers the five main types of payment for exports, from advance payment to open account. It includes the use of Bills of Exchange with and without documents.
Module 3
This module aims to develop knowledge and understanding as to how an organisation develops an international trade strategy. It includes establishing export goals, undertaking research into potential markets, developing an international pricing strategy, investigating shipping and logistics, marketing and promotion, documentation, distribution and review and monitoring.
The misuse of these terms can lead to delays, penalties, problems with payment and more. This half day seminar will explain Incoterms® and their importance in international trade contracts.
Are you a customs agent? Or does your company use customs agents and intermediaries to help you trade with the EU and the Rest of the World? If so, you need to know how to meet customs requirements fast and efficiently now the new customs declaration system CDS is in place. We can help.
Module 4
This module aims to develop knowledge from research activities to gain an understanding of international trade theory, global economic development and growth, currency and exchange rates, trade policies and their impact on an organisation, free trade agreements, direct investment from financial sources outside the UK, tariffs and no trade barriers, supply chain and logistics, intercultural management and international law and treaties.
Module 5
This module aims to develop knowledge and understanding of the exporting process used in international trade from novice to practioner. It includes documentation, incoterms, responsibilities of an exporter, commodity codes, origin and duties and taxes.
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