L/C Types Procedure & Management L/C Financing Risk and Insurance Management in International Business training centre in Bangladesh

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L/C Types Procedure & Management L/C Financing Risk and Insurance Management in International Business

Introduction

In international business major and safest mode of payment is L/C. For importing, we need to open the import L/C. For export you need to receive Export L/C for successful business deal. L/C has certain rules and procedure to manage. As per Bangladesh Import policy importer must open the L/C to import the goods (exceptions applied in some cases). Either for Import L/C or export L/C , technical knowledge on L/C rules and procedure, its possible financing and necessary risk management through insurance coverage is required. Due to mismanagement of those aspects, companies may fall in deep hassle and incur huge loss in Business.

If the goods you need for your business are unavailable in this country or cost less in others, then you may want to import them. Importing commercial goods into Bangladesh is a regulated activity. The Chief Controller of Import and Export authority is the government organization that enforces import regulations. Major imports are machinery and equipment, chemicals, iron and steel, textiles, foodstuffs, petroleum products .Main import partners are China 21.7%, India 16.3%, Malaysia 5.2%, Republic of Korea 4.5%, Japan 4.1% . Thinking of finding new markets for your products or services? Exporting is one way to increase sales and grow your business. While the rewards of exporting can be great, it is not without risks. Learning the basics, conducting research and staying informed can help you succeed in your export venture. Major Exports commodities are garments, knitwear, agricultural products, frozen food (fish and seafood), jute and jute goods, leather .These products are bought, sold, represented and distributed somewhere in the world on a daily basis. Main Export partners are US 18.7%, Germany 15.8%, UK 10.2%, France 6.2%, Spain 4.6%, Canada 4.3%, Italy 4% except Israel.

Training Objectives:
This course is designed and articulated to sharpen participant’s knowledge and skills in doing and handling Export –Import business efficiently and successfully. Step by step process and procedures have been described as participants can gather knowledge easily and implement the training result in the real life business. This course is planned such a way that within a short period of time the participants can sharpen their knowledge in International Business. Precipitants will be truly benefited just walk away from the training room and also they will get a profitable & prestigious career progression either in job or business.
•Explain the main concept of L/C Types, L/C Financing/C Management, and IMPORT through L/C and EXPORT through L/C, Risk and Insurance Management under International business.
•It aims to provide participants foundational and advanced knowledge on how to tackle, resolve, and manage myriad complex problems and issues that confront Export-Import managers.
•The purpose of the course is to recognize the right and complete process and procedure of Export-Import Business through L/C.
•Strengthening the Capacity of the professional involves in Export-Import as they can find out GAP and minimize cost
•Export the products and services with irrevocable L/C to the right places in right time and satisfy the customer
•Import the products and services with irrevocable L/C from the right places in right time and satisfy the customer.

Methodology

Lecture & discussion, Power Point Presentation, Peer learning, Group work and presentation, Experience sharing, Role play,Buzz and simulation games, Case study exercises, Video clip

Contents of Training:


1. IMPORT BUSINESS OVERVIEW THROUGH L/C OR WITH OUT L/C
2. IMPORTANT BUSINESS ABBREVIATION, WORDS AND NOTES ON RELATED IMPORT -EXPORT:
IMPORTER, EXPORTER, CONSIGNEE, CONSIGNOR, NOTIFY PARTY, APPLICANT, BENEFICIARY, PI(PROFORMA INVOICE), COMMERCIAL INVOICE, PACKING LIST, WEIGHT LIST , MEASUREMENT CERTIFICATE,BENEFICIARY CERTIFICATE, CO, MARINE INSURANCE, PREMIUM, RISK COVERAGE, L/C ISSUING BANK.AD BRACH, ADVISING BANK, NEGOTIATING BANK, REIMBURSING BANK, CCI&E, NBR, C&F,EPB, BGMEA, DCCI, ICC, ITC, WTO, UNCTAD LIBOR,EXPORT POLICY, IMPORT POLICY, IRC, ERC, TARRIF, H.S .CODE, IMPORT DUTY, EXPORT DUTY, GOB, NGO, MNC,S, SME,HS CODE, FCL, LCL, FTL, LTL,3PL, SWIFT,SRO, UD, UP, GSP, DEDO, COMPLIANCE, LIM,LTR, MAWB,HAWB,B/L,CLEAN B/L, FORWARDER B/L, SURRENDER B/L,TRUCK CHALLAN, CONSIGNMENT NOTE, BILL OF EXCHANGE, BILL OF EXPORT ,BIRTHING, L/C,UPAS L/C, MASTER L/C,LOCAL IMPORT,LCA, EXP, AMENDMENT, NEGOTIABLE DOCUMENTS, NON-NEGOTIABLE DOCUMENTS,L/C MARGIN, BONDED WARE HOUSE, BOND, SUPERVISED BOND, RMG, BG,PSI, CRF, EPB, EPZ,CEPZ,KEPZ,CD, RD, SD, ATV, AIT, UCP,UCPDC, ASYCUDA, ETA, ETD, OEM,SKD,CKD,TURN KEY,PART SHIPMENT, TRANSHIPMENT, SHIPMENT VALIDITY ,THIRD PARTY DOCUMENTS, BACKWARD LINKAGE,

3. IMPORT BUSINESS MODEL
4. IMPORT PROCEDURE EITHER THROUGH L/C or WITHOUT L/C
5. SELECTION OF PERFECT H.S.CODE
6. PRICE, PAYMENT & SPECIFICATION NEGOTIATION
7. LANDED COST CALCULATION
8. CONTRACT MANAGEMENT (PI /PURCHASE ORDER / SALES ORDER)
9. IMPORT PAYMENT EITHER THROUGH L/C OR WITH OUT L/C
10. APPRORITATE INCOTERM USAGES FOR IMPORT
11. IMPORT AGAINST MASTER L/C (BACK TO BACK L/C
12. DIFFERENT TYPES OF L/C AND ITS PRACTICES
13. L/C OPENING RULES AND PROCEDURE
14. IMPORT AGAINST BOND/SUPERVISED BOND LICENSE SYSTEM
15. IMPORT L/C FINANCING
16. IMPORT BY CASH FUND
17. IMPORT BY LOAN/GRANT FUND
18. SUPPLIERS CREDIT
19. POST IMPORT FINANCING UNDER LTR AND LIM
20. INSURANCE MANAGEMENT
21. INTERNATIONAL INSURANCE AND LOCAL INSURANCE
22. INSURANCE COVER NOTE AND POLICY
23. INSURANCE PREMIUM AND CHARGES
24. SELECTION OF RIGHT INSURANCE CLAUSES –ICC “A”,ICC”B”,ICC “C” AND ALLRISK COVERAGE
25. INSURANCE CLAIM SETTLEMENT
26. IMPORT DOCUMENTS
27. IMPORT DOCUMENTS NEGOTIATION
28. PSI & POST SHIPMENT INSPECTION
29. DISPUTE SETTLEMENT IF EITHER PARTY DEFAULT
30. COUNTRY SPECIFIC RULES, REGULATIONS AND LAW.
31. IMPORT L/C CHECK LIST,IMPORT L/C CASE STUDIES,EXERCISES,VEDIO CLIPS
32. EXPORT BUSINESS OVERVIEW THROUGH L/C or WITH OUT L/C
33. EXPORT BUSINESS MODEL
34. EXPORT PROCEDURE
35. EXPORTABLE ITEMS
36. SELECTION OF PERFECT H.S.CODE
37. PRICE, PAYMENT & SPECIFICATION NEGOTIATION
38. EXPORT COST CALCULATION
39. CONTRACT MANAGEMENT (PI/PURCHASE ORDER / SALES ORDER)
40. EXPORT L/C
41. EXPORT PAYMENT EITHER THROUGH P L/C or PO
42. APPRORITATE INCO TERM USAGES FOR EXPORT
43. EXPORT FINANCING
44. ADVANCE PAYMENT –FUND FROM BUYER
45. EXPORT CREDIT
46. PACKING CREDIT
47. MASTER LC FROM BUYER
48. EXPORT INSURANCE
49. INTERNATIONAL INSURANCE AND LOCAL INSURANCE
50. EXPORT DOCUMENTS
51. EXPORT DOCUMENTS NEGOTIATION
52. PSI & POST SHIPMENT INSPECTION
53. EXPORT INCENTIVES (CASH INCENTIVES & OTHER BENEFITS)
54. DISPUTE SETTLEMENT IF EITHER PARTY DEFAULT
55. COUNTRY SPECIFIC RULES, REGULATIONS AND LAW
56. EXPORT L/C CHECK LIST,EXPORT L/C CASE STUDIES,EXERCISES,VEDIO CLIPS

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The business owners or individuals are interested to start export-import business , business graduates & engineering students, professional engaged in Export, Import, Procurement, Logistics, Supply Chain, Distribution ,Shipping, Freight Forwarding ,C&F, Indenting, Agency Business, Customs, Courier ,Training, Finance & Accounts, International Trade and many more learning minded people those are involved in Private Sector, Public sector and Nonprofit organizations (NGOs)
Arrangement for Certificate, lunch and two tea-break would be made by the Organizer during the workshop.