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The seminar will offer practical guidance on the latest procedures, terminology and documentation required for successful importing. It will highlight some of the pitfalls that often cause importers to incur unnecessary costs and delays in arrival of goods and suggest some ways of avoiding these. It will examine Customs rules and compliance procedures and look briefly at some of the duty reliefs available. A summary of The New Incoterms® Rules 2010 will be included.
General Importing Issues - A brief economic background to imports and exports – primary and secondary imports – import controls – The Role of HM Revenue and Customs – preferential trading agreements
Supplier and Product - Indirect and direct importing – Quality issues - The importing fundamentals - type of supplier - moral and ethical considerations - sources of help-product risk-instructing the supplier.
The role of freight forwarders and clearing agents - Shipping agents and airline forwarders – how do they cost for carriage - what is an “agent” – direct and indirect contracting – the role of clearing agents
Exercise – Risk Evaluation
The New Incoterms® Rules 2010 - Description of rules – discussion of advantages and disadvantages of each rule
Cargo Insurance - Forwarders cover - open cover
Documentation - The importance of controlling documentation - Types of documentation – rules for completion – examples - electronic documentation – storage and retention
International Payments - Payment options for importers - Documentary Credits - Documentary requirements - Bills of Exchange and drafts – Documentary Collections
The Role of Customs - Authorised Economic Operators - The Integrated Tariff – customs procedures - classification and commodity codes – customs procedure codes
The Origin Question - Where do goods originate – why is it important – how to establish origination - preferential trading – origin documentation
European Community Trading - Free Circulation – Community Transit - Intrastat Procedures
Licensing and Quotas - Why do we need licenses - The licensing bodies – quotas and community ceilings
Import Declarations - The sequence of events – Declaration options - Customs Freight Simplified Procedures - Declaration documents
Duties - Calculation of duty and VAT – Anti Dumping Duty - Suspension and Deferment of duty – duty management
Duty Relief Regimes - Inward processing Relief – Outward Processing Relief – Customs Warehousing
The King's Church
33-35 Victoria Rd
FURTHER SUPPORT PLEASE CALL THE GROWTH HUB TEAM ON 01403 333840
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