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Importing and exporting without knowing your incoterms can be very costly, This Incoterms online course is essential for any freight forwarder, importer and exporter and people that work in Trade Finance, most people are unaware of the impact of incoterms on Calculating Customs Values and the duties payable, If you have not yet been trained on incoterms, now is the time, If you think it is not important because you always use the same incoterms for your transaction then it could be for someone else’s financial gain. This Course also forms part of our Import Export course

Incoterms online Course Objectives

• Understand the purpose of Incoterms 2020 and how they are used in international trade.
• Identify the different Incoterms 2020 rules and their key differences.
• Determine the appropriate Incoterms 2020 rule for a specific transaction.
• Understand the responsibilities of the seller and buyer under each Incoterms 2020 rule.
• Avoid common mistakes when using Incoterms 2020.

Incoterms online Course Content

• What are Incoterms?
• History of Incoterms
• Purpose of Incoterms
• Structure of Incoterms
• Key changes in Incoterms 2020
• EXW – Ex Works
• FCA – Free Carrier
• FAS – Free Alongside Ship
• FOB – Free on Board
• CFR – Cost and Freight
• CIF – Cost, Insurance and Freight
• CPT – Carriage Paid To
• CIP – Carriage and Insurance Paid to
• DAP – Delivered at Place
• DPU – Delivered Place Unpacked
• DDP – Delivered Duty Paid
• Factors to consider when choosing an Incoterm
• How to select the right Incoterm for your transaction
• Avoiding common mistakes when using Incoterms
• Make recommendations

Duration 

 You can start this Incoterms online course at any time and this should take you approximately 2 weeks to complete on a part time basis. (6-8 Hours of Study)

Course Approval School of Shipping Certificate

You will receive a School of shipping certificate once successfully tested

Course Delivery

The course is delivered through the School of Shipping Learning website and allows you to study at your own pace. Our courses can be started on Demand.

A Subject Matter Expert with over 40 years Managerial and operational experience in Freight Forwarding, International Trade and customs compliance  will provide you with academic support through the learning website and a Course Coordinator will also be available on email and telephone to provide you with administrative support.

Assessment and Award of the Certificate

Each module has a formative and summative assessment which you will need to achieve a mark of 60% or higher for to receive the certification.

Entry Requirements

In order to do this Incoterms online Course you will require:

• An email account
• Access to a computer and the internet
• Be able to open and read PDF documents
• A keen desire to learn and advance your career

The post Incoterms® 2020 Online Course appeared first on School of Shipping.

The learner completing this course is able to apply a comprehension of foreign exchange concepts to the administration of the foreign exchange receipt and payment systems in an international trading company.

The qualifying learner is capable of:

• Verifying foreign exchange transactions.
• Carrying out foreign exchange receipt and payment procedures.
• Reporting on foreign exchange transactions.
  

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WHAT YOU WILL LEARN:

• Verify foreign exchange transactions.
• Supplier’s documentation is checked for correctness of foreign exchange elements and compliance to relevant exchange control regulations.
• Suppliers documentation may include but is not limited to letters of credit, commercial invoices, freight statements, customs declarations, transport documents, ammeters.
  Foreign exchange elements may include but are not restricted to foreign currency, exchange rate exchange rate dates.
• Foreign exchange payment of goods and services are examined for compliance with company systems and procedures and compliance with relevant exchange control regulations.
• Consequences of non compliance with procedures and exchange control regulations are explained in the context of international trade.
• Carry out foreign exchange receipt and payment procedures.
• Foreign exchange risk management procedures are performed in order to minimise exposure to possible exchange rate fluctuation.
• Foreign exchange risk management procedures may include but are not limited to monitoring of exchange rate fluctuations, initiating and managing forward exchange contracts.
• Foreign exchange payment receipts are converted and accounted for in terms of generally accepted accounting practices (GAAP).
• Payment methods are selected in terms of the nature of the transaction being conducted.
• Payment methods may include but are not limited to electronic banking, telegraphic transfers, bank draft, cash.
• Payment documentation is prepared in terms of the payment method selected.
• Payment is initiated in terms of authorisation limits.
• Consequences of failing to carry out foreign exchange payment and receipt procedures are explained in terms of impact on the organisation.
• Report on foreign exchange transactions.
• Reports are compiled and submitted on the organisation’s foreign exchange receipts and payments.
• Reports are compiled and submitted on the organisation’s foreign exchange risk exposure in terms of the management thereof.
• Recommendations are made regarding improvements to the organisations foreign exchange administration procedures.Duration

  You may begin at anytime and the training should take approximately 4 weeks to complete on a part time basis.

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  Course Delivery

  The course is delivered through the School of Shipping Learning website and allows you to study at your own pace. You may begin and register any time. A Subject Matter Expert and will provide you with academic support through the learning website and a Course Coordinator will also be available on email and telephone to provide you with administrative support.

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  Assessment and Award of the Certificate

  You are not required to write any exams, assessments are completed online. You will need to achieve a mark of at least 60% for each assessment to receive the certification. Should you not gain competency on your first attempt one more resubmission will be allowed at no additional cost.

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  Entry Requirements

  The only entry requirement for this course is a desire to learn and advance your career.

  In order to do this course, you will need:

  • An email account
  • Access to a computer and the internet
  • Be able to open and read PDF documents
  • Read and write in the English language

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The post Administer Foreign Exchange transactions in an International Trading Company – Online Short Course appeared first on School of Shipping.

International trade systems, policies and procedures:

• Describing and creating the organisation’s international trading functions.
• The policies and procedures of the organisation to perform international trade transactions.
• Reporting on the results of international trading activities.
  

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Demonstrate an understanding of the basics of local and international trade:

• The basics of supply and demand in the global market.
• The basics of absolute and comparative advantage and the need for International Trade.
• The basic underpinning components of the value chain.
• The basic philosophy of international trade agreements.
• The different modes of transport, and support services in international trade.
• Comprehension of the Southern African market context.
  

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The basic legal principles applied to shipping:

• Basic general legal principles relevant for the shipping fraternity.
• The basics of the Law of Contract.
• The basics of the Law of Agency.
• The basics of the law of Tort (Delict).
  

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Responsibilities of a team leader in ensuring that organisational standards are met:

• The role of a team leader in an organisation.
• The purpose of the team.
• The team members to obtain commitment to achieve organisational standards.
• Implement, monitor and evaluate performance against team objectives and organisational standards.
  

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Basic financial statements:

• The basic elements of an income and expenditure statement.
• The basic elements of a balance sheet.
• Personal assets and liabilities statement.
• Using the evidence in financial statements to make a financial decision.
  

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The processes and procedures for the administration of import transactions:

• Conducting import shipment activities.
• Arranging payment terms and methods.
• Organising service providers.
• Conforming to statutory requirements.
• Processing international trade documentation.
• Administering international purchase activities.
  

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The processes and procedures required for the administration of export transactions:

• Planning an export transaction.
• Sourcing trade finance.
• Choosing service providers.
• Conforming to statutory requirements.
• Finalising international trade documentation.
• Managing export incentives.
  

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Resolve customer service problems:

• Dealing with customer service problems.
• Providing advice and supporting regarding the information received to facilitate problem-solving.
• Applying the best solution to resolve customer service problems.
• Implementing the solution to customer service problems.
  

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Duration

You may begin at anytime and the training should take approximately 22 weeks to complete on a part time basis.

Course Delivery

The course is delivered through the School of Shipping Learning website and allows you to study at your own pace. You may begin and register any time. A Subject Matter Expert and will provide you with academic support through the learning website and a Course Coordinator will also be available on email and telephone to provide you with administrative support.

Assessment and Award of the Certificate

You are not required to write any exams, assessments are completed online. You will need to achieve a mark of at least 60% for each assessment to receive the certification. Should you not gain competency on your first attempt one more resubmission will be allowed at no additional cost.

Entry Requirements

The only entry requirement for this course is a desire to learn and advance your career.

In order to do this course, you will need:

• An email account
• Access to a computer and the internet
• Be able to open and read PDF documents
• Read and write in the English language

The post Advanced International Trade – Online Short Course appeared first on School of Shipping.

What you will Learn:

Foreign exchange transactions in an international trading company

• Verifying foreign exchange transactions.
• Carrying out foreign exchange receipt and payment procedures.
• Reporting on foreign exchange transactions.
  

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Gather information and report on client profitability

• The concept of profitability benchmarking.
• Handling rate structure alternatives to those engaged in securing new business and retaining existing business.
• Processing and reporting on actual vs. benchmark profitability results to affected parties.
  

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Generate shipment cost estimates                                                                                   

• Determining cost criteria.
• Selecting routing structure.
• Calculating and communicating estimates.
  

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Perform international purchasing functions    

• Arranging a purchase order with an appointed supplier on receipt of requisitions.
• Following up and expedite international purchase orders.
• Initiating claims procedures in respect of goods that are received lost, damaged or discrepant.
  

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Perform international trade calculations

• Using factorisation techniques for the purpose of allocating costs in international trade transactions involving a number of commodities.
• Applying percentage calculations in pricing negotiations, in order to determine their viability.
• Explaining and converting foreign currencies as part of landed and export costing calculations.
• Calculating interest on amounts owing and owed to the business for the purposes of cash flow management.
• Explaining and calculating landed and export costing using given variables.
• Performing break-even analysis.
• Performing cash flow analysis as part of international project management.
  

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Duration

You may begin at anytime and the training should take approximately 14 weeks to complete on a part time basis.(6-8 Hours of study per Module)

Course Delivery

The course is delivered through the School of Shipping Learning website and allows you to study at your own pace. Our courses can be started on Demand.

A Subject Matter Expert with over 40 years Managerial and operational experience in Freight Forwarding, International Trade and customs compliance  will provide you with academic support through the learning website and a Course Coordinator will also be available on email and telephone to provide you with administrative support.

Assessment and Award of the Certificate

You are not required to write any exams, assessments are completed online. You will need to achieve a mark of at least 60% for each assessment to receive the certification. Should you not gain competency on your first attempt one more resubmission will be allowed at no additional cost.

Entry Requirements

The only entry requirement for this course is a desire to learn and advance your career.

In order to do this course, you will need:

• An email account
• Access to a computer and the internet
• Be able to open and read PDF documents
• Read and write in the English language

The post Global Trade Financing and Purchasing – Online Short Course appeared first on School of Shipping.

What you will Learn:

Geographic Principles in Mapping a Trade Route                                                              

• Interpreting maps.
• Locating major geographical points.
• Demonstrating an understanding of socio-political and geographical aspects of the world.
• Mapping a trade route.
  

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International Commercial Terms                                                                                               

• Identifying international commercial terms.
• Identifying buyers and sellers responsibilities.
• Making recommendations.
  

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The Concept of International Trade                                                                                         

• Explaining local and international trade and the protecting of the integrity of international borders.
• Demonstrating an understanding of the international trade cycle and the various roles.
• Examining international logistics mechanisms including modes of transport.
• Explaining the different methods of international payment for goods, and the use of foreign currencies.
  

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The Regulations and Documentary Requirements which govern International Trade

•  Describing the enforcement of the different types of legislation used to protect a country’s trade.
• Applying the measures used to protect a country’s population from internationally traded products which could be damaging to health and/or the environment.
• Describing the surface and airfreight international dangerous goods regulations and other dangerous goods measures.
• Describing measures in place for the prevention of international trade in endangered species.
• Identifying and describing the documentary requirements of international trade.
  

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Equipment and Infrastructure used in International Transport

• Differentiating between transport modes in accordance with importer and exporter requirements.
• Describing the air and surface infrastructure used in internationally traded cargo transport operations.
• Identifying transport and handling equipment used for the various phases of cargo transit.
• Selecting appropriate equipment for the handling, storage and transport of internationally traded cargo in transit.
• Differentiating between specialised cargoes.
  

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Duration

You may begin at anytime and the training should take approximately 12 weeks to complete on a part time basis.

Course Delivery

The course is delivered through the School of Shipping Learning website and allows you to study at your own pace. You may begin and register any time. A Subject Matter Expert and will provide you with academic support through the learning website and a Course Coordinator will also be available on email and telephone to provide you with administrative support.

Assessment and Award of the Certificate

You are not required to write any exams, assessments are completed online. You will need to achieve a mark of at least 60% for each assessment to receive the certification. Should you not gain competency on your first attempt one more resubmission will be allowed at no additional cost.

Entry Requirements

The only entry requirement for this course is a desire to learn and advance your career.

In order to do this course, you will need:

• An email account
• Access to a computer and the internet
• Be able to open and read PDF documents
• Read and write in the English language

The post International Trade – Online Short Course appeared first on School of Shipping.