Import Practices – 3 Modules
|“Import Practices” is designed for individual entrepreneurs, and small and medium-sized companies to obtain a broad comprehensive foundation of the knowledge and skills necessary to import and or to work in a variety of industry sectors in and functions of international trade.|
|Module I: Import Process and Requirements— participants will explore the fundamentals of effective import decisions. This Module provides insight into the essentials of import success, including the role of Customs and Customs House Brokers. Informal and Formal Entry, the Customs clearance process, Informed Compliance, the importer’s responsibilities, the basics of classifying your product under the Harmonized Tariff Schedule, and Country of Origin Marking will be discussed.|
|Module II: Documents and Methods of Payment— examines the simultaneous flow of documents, goods and payments in an import transactions. The documents Customs needs on your import shipment, the different categories of international trade documents, proforma invoice, commercial invoice, major Incoterms-2010, and reasons for Customs examination will all be covered. Payment methods, including advanced payment, open account, consignment, documentary collection, and letter of credit, will also be addressed|
|Module III: Selling Your Imported Product— explores effective marketing strategies to sell your product before or after product is imported. Marketing concepts and product life cycle, pricing strategies, common pricing mistakes, distribution methods and promotion will be covered. Calculating landed cost, identifying suppliers using the Internet and agency agreements will be examined.|
|What to Expect
These courses are designed around participation and online interaction. You may take part in asynchronous or synchronous review sessions with the instructor. Expect to read the materials, and take part in the discussion forum. Participation in the review sessions is optional.
The courses are taught entirely online, designed around participation and online interaction. Each session encourages participants to share their export/import experiences, knowledge and business world events that support the material in each Module