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The Basics of Import/Export Business and International Trade

The Basics of Import/Export Business and International Trade course can make a simple understanding of important export pre-shipment & Post Shipment and bank-related documents like LC, transport documents, shipping documents, simple.

Objective

This one-day seminar is designed to give participants an overview understanding of import/export procedures, international trade terms, the uses of shipping documents, different aspect of cargo insurances, and letter of credit practices. This seminar aims to provide both the practical and theoretical aspects of the basics and the most effective ways doing import/export.

Outline

1) International Trade Terms(Incoterms 2020)
* Meaning of EXW, FCA, FOB, CFR, CIF, etc…
* Understanding the passing of risk
* Obligations of seller and buyer

2) International Shipping Documents
* Importance and proper uses of documents
* Understanding B/L and AWB and its implications
* Operation of Packing List & Invoice
* Certificate of Origin – uses and applications
* How to apply for Shipping Guarantee

3) Cargo Insurance Policy
* Reasons for cargo insurance
* Changes in the insurance policy
* The Institute Cargo Clauses
* Claims Procedures

4) International Financing and Letter of Credit
* Types of payment in international trade
* Step-by-Step operation of L/C
* Types of Letter of Credit

Who should attend

Shipping personnel, sales & marketing staff, freight forwarder, banker, trader, importer/exporter, businessman, and those keen in upgrading their knowledge in international trade.

Profile of William Goh

William Goh (PhD, MSc, BBus[Tpt], Diploma in Shpg Mgt, MCILT, MISM, ND), has more than 40 years of experiences in the areas of import/export, law of international trade, shipping, logistics, distribution, warehousing, inventory control, containerization, port operations, cargo insurance & claims, air & sea freight forwarding, ship chartering, trade documentation, international trade banking & financing, and supply chain management.

As a businessman, Dr. Goh has done import/export and international trade businesses with over 80 countries all over the world. He has also travelled to more than 75 countries.

An author of 8 shipping and logistics books and with more than 30 years of teaching and lecturing experiences, he has conducted hundreds of seminars and workshops in shipping, logistics, international trade, import/export operations, Banking and Letter of Credit, cargo insurance, and trade negotiation both in Singapore and overseas. As to this date, Dr. Goh has trained more than 35,000 participants.

He has provided training to institutions such as Singapore Manufacturers’ Federation, Singapore Business Federation, various Polytechnics, People’s Association, Universities, Impact Seminars, YMCA, Statutory board, banks, and many others. He has also provided in-house training to more than 60 companies locally and in overseas. Examples of such companies include Intraco, Thomson Consumer, Singapore Technologies, Kerr-Mcgee, Chartered Materials, Wan Hai Lines, Sony International, Baker Oil Tools Asia, Johnson Pacific, SKF, Captronics, Warsitla, Borax, ASM Electronics, Creative Technology, EFFEM Food, Borax, Riverchell International, Crimsonlogic, Jurong Hi-Tech, MTU, Tyco Electronics, International Factors, Carl Zeiss, Atofina, and many others.

Dr. Goh is currently an import/export consultant in import/export, international trade and logistics.