Business Importation Management

Effectively using the right payment mechanisms for your international trade
What you'll learn
understand letters of credit
International trade integration
International payment systems
Learn international trade terms- Incoterms
Learn licenses in international trade
Learn international trade and taxes
Learn about the custom processes
Requirements
No requirements
Description
Importation is the bringing of goods or services into a country from abroad for sales " manufactures fought to restrict the importation of cheap foreign goods" An import in the receiving country is an export from the sending country. Importation and exportation are the defining financial transactions of international trade. In international trade, the importation and exportation of goods are limited by import quotas and mandates from the custom authority. It is very important we learn about some of the import documentations that are require by customs such as bill of entry, bill of lading/airway bill, import license, insurance certificate and purchase order/ letter of credit.Any time you walk into a supermarket and pick up any item like a knife or a toy and chances are that the item are manufactured in china or assembled in Mexico. Pick up coffee pods and you would see that they have being imported from Africa. When you shop for clothes it is quite likely you will see made in China label. We all know that international trade has being in vogue for centuries and all civilizations carried on trade with other parts of the world. The need for trading exist due to variations in availability of resources and competitive advantage. In the present context where technology and innovation in all fields have thrown open borders to globalization, no country can afford to remain isolated and be self-sufficient.With the creation of World Trade Organization, there has being constant efforts made to unite countries to create more market, to standardize tariffs and trade laws as well as remove trade barriers in trying to create free markets.
Overview
Section 1: Introduction
Lecture 1 Introduction
Lecture 2 Introduction to international trade
Lecture 3 History of international trade
Lecture 4 Backdrop to international trade
Lecture 5 Payment mechanisms in international trade
Lecture 6 International payment systems
Section 2: Letter OF Credit
Lecture 7 Confirmed letter of credit
Lecture 8 Revocation and lrrevocation letter of credit
Lecture 9 Sight letter of credit / future or credit LC
Section 3: International Trade Terms - Incoterms
Lecture 10 Group - E
Lecture 11 Group - F
Lecture 12 Group - C
Lecture 13 Group - D
Section 4: Types Of Licenses In International Trade
Lecture 14 Open general license items
Lecture 15 Import against specific import license / import-quantity restriction qouta
Lecture 16 Export licenses / negative list
Section 5: International Trade And Taxes
Lecture 17 Applied rates or basic customs duty
Lecture 18 Application duty
Section 6: Customs Processes
Lecture 19 Customs brokerage
Lecture 20 Import and customs clearance
Lecture 21 Import documentation
Lecture 22 Customs clearance agency and process
everybody, students, exporters, importers, custom officers, freight forwarders, entrepreneurs, business people, managers, companies, marketers, researchers,consultants,business moguls etc
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