INTRODUCTION OF MANAGING RISK AND COST IN SHIPPING

Managing shipping cost and the potential risk is extremely important as without an efficient cost and having risk mitigation action plan will affect businesses in term of cost and non deliverable of goods on time.

This program is designed to bring awareness and looking into ways of managing efficient shipping operation.

COURSE OBJECTIVES

By the end of the 14 hours by 4 session interactive online session, the learning curve achieve will enable the following:-

• UNDERSTAND the best practices for shipping procedure
• UNDERSTAND the current issue on shipping
• IDENTIFY the type of risk during shipping operation
• DEVELOP step to take in order to implement cost and risk  mitigation plan
• UNDERSTAND cargo classification for dangerous cargo and normal cargo
• DEVELOP better understanding on rule of Incoterms for shipping
• UNDERSTAND Malaysia import and export procedure

WHO MUST ATTEND

• This training program is highly recommended for employees involve in the managing of the supply chain function in the company, especially personnel involves in shipping and logistics operation, procurement, sales and warehousing.

METHODOLOGY

This training will involve the following area to enhance learning:

• Power point presentation
• Case studies & Brain storming session
• Discussion on subject of learning
• Facilitating by trainer to enhance understanding of subject matter
• Exercise to evaluate participants understanding

COURSE CONTENT

Session 1

Module 1 – Understanding the process of Shipping

• Parties in Shipping Operation
• Modes of Transportation
• Rule on Packaging
• Classification of Normal Cargo and Dangerous Cargo
• Shipping Documentation
• Quiz

Module 2 – Import and Export Procedure

• Type of Kastam forms
• Free Trade Agreement
• Certificate of Origin and its purpose
• Process of Kastam clearance
• Sales Tax Exemption
• Harmonized commodity Description and Coding System
• Approved Permit and Strategic Trade Act
• Quiz

Session 2

Module 3 – Title Documents in Shipping

• Bill of Lading
• Way bill
• Telex Bill of Lading
• Bill of Lading Switching
• Drafting Bill of Lading and Airway bill in Letter of Credit
• Quiz

Module 4 – Understand the rule of Delivery

• Understanding Incoterms
• Delivery of goods during shipping
• Risk Transfer
• Case study

Module 5 – Insurance

• Process of calculating insurance premium
• Type of Insurance
• Process of Insurance claim
• Quiz

Session 3

Module 6 – Advantages and Disadvantages of Payment System

• Letter of credit
• Documentary collection
• Open account
• Bank Guarantee
• Risk Mitigation with payment system
• Process of Insurance claim
• Quiz

Module 7 – Calculating Landed cost

• Understand the concept of Total cost of Ownership
• Landed cost tabulation
• Comparing landed cost based on different Incoterms used
• Case study

Module 8 – Managing shipping risk

• The cycle of Risk Management
• Identifying risk in shipping
• Risk Mitigation plan for shipping
• Case study

Session 4

Module 9 – Managing Shipping Cost

• Method of reducing cost of shipping
• Type of cost in shipping
• Type of shipping rates
• Identifying demand and supply movement for cost optimization
• Tendering

Module 10 – Shipping Challenges

• Factor affecting cost in shipping
• Force Majeure in shipping
• Current situation in shipping
• Avoiding mistakes during shipping

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