Import Practices – 3 Modules
Import Practices is designed for individual entrepreneurs, small and medium sized companies obtain a broad comprehensive foundation of the knowledge and skills necessary to import and or to work in a variety of industry sectors and functions in international trade.
Module I: Import Process and Requirements – Participants will explore the fundamentals of effective import decisions. This Module provides an insight into the essentials of import success, the role of Customs and Customs House Brokers. Informal and Formal Entry, Customs clearance process, Informed Compliance, importer’s responsibility, the basics of classifying your product under the Harmonized Tariff Schedule and Country of Origin Marking.
Module II: Documents and Methods of Payment – Examines the simultaneous flow of documents, goods and payments in an import transaction. Documents Customs needs on your import shipment, the different categories of international trade documents, proforma invoice, commercial invoice, major Incoterms-2000, documents sellers need and reasons for Customs examination will be covered. Payment methods including advanced payment, open account, consignment, documentary collection and letter of credit will be addressed.
Module III: Selling Your Imported Product – Explores effective marketing strategies to sell your product. Marketing concepts and product life cycle, pricing strategies, common pricing mistakes, distribution methods and promotion will be covered. Emphasis on calculating landed cost, identifying suppliers using the Internet and agency agreements will be discussed.
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.
