International Trade, Import-Export Procedures & Financing Opportunities training centre in Bangladesh

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International Trade, Import-Export Procedures & Financing Opportunities

Introduction

The main objective of the training program is to provide a complete overview of the International Trade Payment Methods, Letter of Credit Operations including detailed explanation of the processes used in a transaction. In addition, the participants will get theoretical as well as practical knowledge regarding exports & imports under L/C and Other Methods, Banking Relationship, Custom Formalities and Clearance Procedures of exports and imports.

Among numerous payment methods available to buyers and sellers in international trade, operations by way of Letter of Credit (LC) are the most widely accepted and practiced alternative. But why?

Why preferred Letter of Credit (LC) as the payment vehicle?

What does `UCPDC` stand for?

How does a Letter of Credit (LC) works?

Do Export & Import from/into Bangladesh may be made under Contract Procedure?

What are the risks inherent in exports under Collection/ Contract Procedure?

How to reduce/eliminate those risks?

Exports and Imports involve a lot of technicalities because these take place between two countries, under different situations, rules and regulations and culture. Exporters & Importers are, therefore, among others required to know global market environment, International Chamber of Commerce`s Rules, Shipping Procedure, Banking and Custom Formalities. As such, Import & Export Trade calls for proper understanding and in depth knowledge of various technical aspects including Letters of Credit Operations.

To understand these theoretical aspects and for sharing of many other practical details/issues related to exports and imports under L/C and Other Methods from the experience of banking professional this training program has been offered.

Methodology

PowerPoint Presentation, Interactive Lecture, Question and Answer session.

Contents of Training:

9:30 am -11:00 am: Session ** I

Introduction & overview on:
International Trade
International Trade Payment Methods
Import Policy Order (IPO) of Bangladesh
Inco terms -2010
URC (ICC Publication # 522
International Sales/ Purchase Contract
Imports & Exports under Collection Procedure/Contract Procedure
Documentary Draft Transaction

11:00 am -11:15 am: Tea /Coffee Break

11:15 am - 01:00 pm: Session ** II & Session ** III

Session ** II
Banking Relationship
Role of Banks in Imports & Exports Business
UCPDC (UCP-600) - its relation in LC Transaction
What is Letter of Credit (LC)?
Types of LC : Local, International, Back to Back LC Other Types of L/C

Session ** III
Parties and Organization involved in LC Process and their Responsibility
Advising of Credits and Amendments (Article - 9)
Authenticity of LC
Amendments (Article -10)
Nomination (Artilce-12);
Functions of Nominated
Confirmation/Add Confirmation
Familiarizing Forms & Documents that are necessary for opening of L/C and their significance/importance: L/C Application Form, LCA Form, IMP Form, Pro-forma Invoice (PI)/Indent, Insurance Cover Note/Policy and Any other forms/documents, if required, as per Import Policy Order (IPO) in force
Steps by Step Processes for Opening of LC
Documentary Credit Transaction

1:00 pm - 2.00 pm: Prayer and Lunch Break

2:00 pm - 3:45 pm: Session ** IV & Session ** V

Session ** IV
UPAS LC - Its Operational Mechanism
EDF Loan and LC Mechanism under EDF Loan
Back to Back LC
Bonded Warehouse Arrangement
Suppliers Credit
Buyers Credit
Private FC Loan

Session ** V
Custom Formalities & Clearance Procedures
Functions of Clearing Agent
Functions of Forwarding Agent
Duties & Taxes Applicable for Importable Goods
How to Calculate Duties & Taxes?

3:45 pm - 4:00 pm: Tea /Coffee Break

4:00 pm - 5:00 pm: Session ** VI

Documents Used in Documentary Credit
Examination of Documents (Article-14)
Discrepant Documents, Waiver and Notice (Article-16)
Disputes and Settlements of Disputes
Questions & answers

5:00 pm - 5:30 pm: Closing

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1) Official involved in Export, Import and International Business.
2) Importers, Exporters, Bankers, Shipping Agents and new Entrepreneurs.
3) Official engaged in Ready made Garments & Buying House.
4) Professionals who are willing to job in the International Trading Organization and Multinational companies in home and abroad.
5) Who are willing to learn Practical Oriented International Business.
6) Business Manager, Commercial Manager, Marketing Manager, Marketing Executive.
7) Students, Fresh Graduate, & Job seekers.
8) Persons dealing with L/C & Back to Back L/C Operation.
Arrangement for Certificate, lunch and two tea-break would be made by the Organizer during the workshop.