International Procurement (Importing from Overseas)
Course Overview
Opportunities & Challenges : Dealing with the Added Risks of International Procurement, Sources of Information, Reducing Risk
The Enquiry Package : Minimum Elements, Getting Uniformity of Interpretation
Legal Complexities of International Trade : Dealing with the Conflicting Legal Systems, Enforcing Obligations Across International Boundaries, Post Brexit Arrangements
Currency & Payment : Mananging Currency Risk, Protecting Payments, Payment Guarantees
ICC Incoterms 2020: Misconceptions, Transfer of Risk and Cost, Insurance Implications, Transport Modes, Compensation for Loss
Documentation : Bill of Lading, Air Waybill, Certificate of Origin, Pre-shipment Inspection, Commercial Invoice, Assigning, Authorising, Certifying Documents
Import and Custom Procedures : Reducing Duty Liability, Valuation of Imports, HMRC Guidance and Tools
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A one day course
Intended for purchasing personnel who wish to take advantage of the benefits and opportunities of international trade but also to effectively manage the many complexities of international procurement.
Outcomes
This course comprehensively covers the added challenges of buying globally. Attendees will learn how to manage currency and payment, understand customs and import procedures and be able to ensure the enforceability of contracts across differing legal systems. The necessity for uniformity of understanding and interpretation of contractual obligations between the buyer and seller is emphasised together with practical methods of achieving these key requirements. Transportation, freight rates, ICC Incoterms® 2020 and the post Brexit customs arrangements are also covered.
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