PMS Training

Objectives

Intended for purchasing personnel who wish to take advantage of the benefits and opportunities of international trade but to also effectively manage the many complexities of international procurement.

Outcomes

This course comprehensively covers the added challenges of buying globally.  Attendees will learn how to manage currency and payment, understand customs and import procedures and be able to ensure the enforceability of the buyer's requirements across differing legal systems.  The necessity for uniformity of understanding and interpretation of contractual obligations between the buyer and seller is emphasised together with practical methods of achieving these key requirements.  Transportation, freight rates and the revised ICC Incoterms are also covered.

Course Content

Opportunities & Challenges

The Added Risks of International Sourcing / International Purchasing Strategy / Sourcing & Evaluation of Overseas Suppliers / Communication / Distance / Dealing with Cultural & Ethical Issues / Corporate Social Responsibility & Environmental Factors / Role of the International Chamber of Commerce (ICC).

The Enquiry Package

Getting Uniformity of Interpretation & Understanding / Product Specification / Documentation / CE Marking / Packing & Labelling / Incoterms & Shipment.

Legal Complexities of International Trade 

Differing Legal Systems / Conflict of Laws / International Sale of Goods Convention / ICC Model Contracts / The Unidroit Principles for Commercial Contracts / Challenges of Enforcement & Jurisdiction / The Implications of The Brussels, Lugano & Rome Conventions / Using International Commercial Arbitration.

Currency & Payment

Handling Currency Fluctuations / Risk & Speculation / Matching & Multilateral Netting / Currency Options / Forward Exchange Contracts / Open Account / International Money Transfer / Bills of Exchange / Documentary Credits (Letters of Credit) / Cash Against Documents / Protecting Payments / Advanced Payment Guarantees.

Incoterms 2010

ICC Incoterms 2010 / When does Risk & Cost Pass? / Critical Points / Insurance & Compensation for Loss or Damage / Selecting the Correct Term / Common Misconceptions.

Transportation

Modes / Selection / Packaging / Freight Rates / Volumetric Weight / Insurance / TIR.

 Documentation

Bill of Lading / Sea Waybill / FIATA Multi Modal Bill / Truck Waybill / Air Waybill / Standard Shipping Note / Commercial Invoice / Certificate of Insurance / Certificate of Origin / Pre-Shipment Inspection Certificate / Affect of the Transportation Conventions.

Import and Custom Procedures

HM Revenue & Customs / The European Union / Goods in Free Circulation / Import Declarations / Import Licences / Import Duty / Valuation of Imports / VAT / Additiona Levies / ADD / Relief from Duty / Tariff Quotas / Preference Rates / IPR / PCC / End User Relief / Simplified & Accelerated Procedures at Import / CFSP / LCP / Customs Warehousing / Inland Clearance Depots / Free Zones. 

NEW COURSE DATES

10 - 11 June 2013

02 - 03 October 2013

Course Fee

Course Duration

Two day non-residential course.

PMS has preferential rates for accommodation with three excellent city hotels within walking distance of the Training Centre.        

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