(Duration: 3 modules over 5 days)
Module 1: The Import Process – From Compiling Enquiries, Selecting Incoterms® and Costing, to Arranging Transport and Cargo Insurance, and Dealing with Defective Cargo Receipts (2 days)
Covers an overview of a typical import transaction (parties involved, documents and sequence of steps), international transportation (road, rail, sea, air and transport documentation), dealing with deficient cargo, import enquiries (feasibility studies, the indent), Incoterms® 2020, import costing and cargo insurance (principles, policy types and claims).
Module 2: Import Customs Procedures (2 days)
Covers general customs considerations; South Africa’s trade relationships; the Harmonised System of Nomenclature (HS), i.e. product classification; the S A Customs Tariff and Schedules, and import controls; standard customs procedures for import; bonded warehouses.
Module 3: Payment Methods for Imports (1 day)
Covers financial risk dimensions, different international payment methods (bank collections & documentary credits [L/Cs]), bills of exchange, reasons for bank rejection of documents under an L/C, currencies used in international trade, UCP 600 and UCR 522, the workings of the foreign exchange market and different types of foreign exchange transaction.