UNDERSTAND SHIPPING PRACTICES, DOCUMENTS AND PAYMENT SYSTEM

COURSE OBJECTIVE

By the end of the interactive session, the learning curve achieve will enable the following:-

• UNDERSTAND the parties involved in shipping operation and its relation to one and another
• UNDERSTAND the rule of delivery and risk transfer in shipping operation
• UNDERSTAND the responsibility and liability of all the parties in a shipping operation
• UNDERSTAND the key documents required for shipping operation
• UNDERSTAND the difference type of bill of lading and the type of bill of lading issue out for the  different payment or contract made between buyer and seller
• UNDERSTAND the incentives available to importer and exporter in Malaysia for efficient international trade
• UNDERSTAND packaging best practices and clause in contract to protect a buyer interest
• UNDERSTAND the different category of cargoes in shipping
• UNDERSTAND the process of shipping for import and export
• UNDERSTAND the different method use to calculate import duties and sales tax
• UNDERSTAND the type of payment system in shipping operation

COURSE CONTENT

Module 1 – Parties in Shipping Operation, Responsibility and Liability

• Parties in Shipping Operation
• Buyer and seller responsibility
• Freight forwarder and carrier responsibility
• Exclusion issue
• Freight broker versus Freight Forwarder
• NVOCC versus Ocean Carrier
• Chartered shipping operation
• Quiz session

Module 2 – Type of Cargoes in Shipping

• FCL versus LCL cargo and documentation difference
• Type of box containers for ocean and air freight
• Flat rack container
• Bulk Cargo  versus Neo Bulk and Break Bulk cargo
• RORO operation versus LOLO operation
• Quiz session

Module 3 – Bill of Lading, Insurance and other Documents in Shipping

• NVOCC and Freight forwarder BL versus Carrier BL
• Different type of Bill of Lading
• Negotiable versus Non Negotiable Bill of Lading
• Bill of Lading issued for Letter of Credit
• Blank endorsed Bill of Lading
• Packing list and Invoice  best practices and purpose
• Delivery note versus packing list
• Type of Custom document used in shipping
• Cargo insurance, the different type available
• Quiz session

Module 4 – Customs Role and Responsibility and Trade Incentives

• Customs role and responsibility
• Method of calculating import duties and sales tax
• Harmonized Tariff code
• MIDA trade incentives
• Free Trade Agreement purpose and rule of origin
• Temporary Export and Import scheme
• Quiz session

Module 5 – Rule of Delivery for Shipping Operation

• Understand Risk Transfer and Delivery point using Incoterms
• Title document
• Responsibility and liability of seller and buyer in the process of delivery
• Freight agent  responsibility in ensuring proper delivery in shipping
• When Force Majeure apply in shipping operation
• Quiz session

Module 6 – Payment in International Trade and Role of Shipping Parties

• Different types of Payment method in international trade
• Selection of Incoterms in shipping to secure payment
• Shipping company and Freight forwarder role in the payment process
• Quiz session