Export and Import Practices Management: 5 Modules
The Export and Import Practice Management course contains practical lessons in global trading which deals with the most important aspects of importing and exporting, including approaches to importing and exporting, required documents, payment methods, financing options, shipping, insurance, marketing, legal and cultural considerations. These highly interactive, outcome-based Modules are designed to give import and export businesses the upper hand to maximize sales and reduce costs by managing their import and export operations effectively.
Module I: Export and Import Process and Requirements- discusses the steps to take to clear merchandise through Customs including filing for entry, calculating duty, classifying products using the Harmonized Schedule (HS), the inspection of goods, and liquidation by which Customs determines the final duty and any applicable taxes. This module will identify and address basic export concepts, company readiness to import or export, evaluate product and country potential, including identifying assistance programs that will help your company become competitive in the targeted market.
Module II: Export and Import Documents - covers the most common documents used in export and import transactions. Compares the different categories of international trade documents including commercial, banking, transportation, insurance and government control. Emphasis will be given to Customs documents, Export Declaration, Proforma Invoice, Commercial Invoice and Bill of Lading.
Module III: Export and Import Payments and Financing - identifies and discusses payment options including open account, prepayment, documentary collection, consignment and letter of credit. This Module will help analyze the risks associated with each payment methods, discusses the major advantages and discrepancies in letter of credit, and identifies import and export financing options.
Module IV: Export Marketing and Marketing Imported Products - considers marketing techniques that can be used once the product clears Customs. The marketing mix of product, price, place (distribution), and promotion will be addressed. This Module will also examine the differences between domestic and international marketing, role of distributors and agents, tariff and non-tariff barriers, as well as international promotion assistance.
Module V: Export and Import Shipping and Insurance - examines INCOTERMS 2010 by identifying the responsibilities of importers and exporters in a transaction. Discusses the role of Custom House Brokers and Freight Forwarders, the different insurance coverages, costs associated with import and export shipment and benefits from Foreign Trade Zone, ATA Carnet and other temporary importation programs.
What to Expect
These courses are designed around participation and online interaction; you are expected to take part in asynchronous and synchronous weekly webinar discussions with the instructor and other course participants. Expect to spend 3 to 4 hours for each Module to complete the assignments, read the materials, take part in the discussion forum and participate in webinar (optional).
Course Delivery
The courses are taught entirely online, using Moodle Course Management System, and they are designed around participation and online interaction. Each course encourages participants to share their export/import experiences, knowledge and business world events that supports the material in each Module.
