INTRODUCTION FOR INCOTERMS 2020 IN INTERNATIONAL TRADE AND SHIPPING DOCUMENTATIONS
In international trade, proper documentation is crucial for smooth transactions. Missing or inaccurate paperwork can lead to risks, delays, extra costs, or even lost deals. Understanding regulations and compliance is essential for maximizing profits and minimizing risks.
This course provides an in-depth understanding of international trade documentation, its purpose, and the correct procedures for preparation and submission. Participants will learn about free trade agreements, shipping regulations, and effective export documentation management.
LEARNING OBJECTIVES
By the end of this course, participants will:
- Understand global shipping operations.
- Familiarize themselves with the contract of sale and carriage.
- Learn the risks associated with INCOTERMS and payment terms.
- Master trade and transport documentation processes.
- Understand key customs procedures for import/export operations.
- Gain in-depth knowledge of various shipping documents and their functions.
LEARNING OUTCOMES
Upon completion, participants will be able to:
- Understand International Trade from a practical perspective, including trade terms.
- Identify and interpret various international trade and shipping documents.
- Navigate the import and export procedures effectively.
- Comprehend the responsibilities of both sellers and buyers under INCOTERMS 2020.
- Stay updated with the latest developments in Malaysian Customs regulations.
WHO SHOULD ATTEND
This course is ideal for professionals in:
- Procurement, purchasing, materials, and inventory management
- Logistics, customer service, administration, and finance
- Shipping, freight forwarding, export/import documentation
- Sales, marketing, and banking sectors involved in international trade
COURSE CONTENTS
1. International Trade, Payment Methods & Tools
- Introduction: Trade risks and responsibilities
- International pricing decisions
- Export financing methods and payment terms
2. Intermodal Operations
- Overview of transportation and intermodal logistics
- Containerization and its role in global trade
- Understanding the shipping transaction process
3. INCOTERMS 2020
- Introduction: Purpose and application of INCOTERMS
- Group E: EXW (Ex Works)
- Group F: FAS, FCA, FOB
- Group C: CFR, CIF, CPT, CIP
- Group D: DAP, DPU, DDP
4. Trade & Shipping Documentation
- Introduction to international trade documentation
- Commercial documents (invoices, packing lists)
- Official and regulatory documents
- Insurance and shipping documents
- Financial documents for trade transactions
5. Harmonized System (HS) Code
- Structure and classification of HS Code
- Principles used in HS Code arrangements
6. Principles of Handling Dangerous Cargo
- Classification and identification of hazardous goods
- Packing, stowage, marking, and labeling requirements
- Safe carriage of goods in containers
7. Cargo Insurance Policy
- Importance of cargo insurance in international trade
- Overview of the Institute Cargo Clauses
- Documentation and procedures for claims
8. Import & Export Procedures
- Step-by-step import/export procedures for air and sea freight
- Customs procedures and inspection processes
- Required documentation for compliance
9. Commercial & Trade Documents in Shipping Practices
- Supplier’s quotation and Proforma invoice
- Purchase order and sales confirmation
- Commercial invoice and packing list
- Shipper’s Export Declaration (SED)
- Export shipping instructions
“Unlock new opportunities by joining our training. Sign up now and invest in your future!“
