UNDERSTAND SHIPPING PRACTICES, DOCUMENTS AND PAYMENT SYSTEM

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COURSE OBJECTIVES

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

 

TRAINING DURATION

  • 2 day program
  • 9am to 5pm

 

TRAINING METHODOLOGY

This training will involve the following area to enhance learning:

  • Power point presentation
  • Quiz session for every module completed
  • Discussion on subject of learning
  • Facilitating by trainer to enhance understanding of subject matter
  • Notes will be provided
  • Pre test and Post test will be given to participants to gauge learning before and after training

 

PARTICIPANT GROUP

  • This training program is highly recommended for employees in purchasing, sales and marketing and logistics and other operational areas.

 

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 6Payment 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

 

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