Description
Course outline
Marine / Cargo Insurance
Fundamental principles of marine/cargo insurance
Types of marine/cargo insurance policy
Marine/cargo insurance claims
Working with Foreign Currencies
Currencies used in international trade
Spot and forward transactions
Buying and selling rates
Indication, firm and public rates
Selected country/currency codes
SA VAT Act & Exports/Imports
Methods and Terms of Payment
Different dimensions of financial risk in international trade
Methods of payment
Checking a documentary credit
The most common reasons for bank rejection of documents submitted under an L/C
Additional Forms of Risk Cover
Export credit insurance
Taking out forward cover
Opening a CFC (Customer Foreign Currency) Account
Export Costing
Principles of export costing
Costing sheets
Export pricing considerations
Reacting to Trade Enquiries
Dealing with defective/inadequate enquiries
Determining the feasibility of a potential export transaction
Quoting on the basis of an export enquiry
Entering into a contract of sale
Initiating Import Enquiries
Feasibility study checklist
Indent (importer’s order)
Indent (importer’s order checklist)
Procedures on Receipt of Inadequate Cargo
Damaged and irregular full container load
Missing cargo
Damaged cargo
Import Costing
Principles of import costing
Checklist of import costs
Import costing sheet
About ITISA
Established in 1996, ITRISA creates internationally-accredited, international trade qualifications with export and import electives, drawing on all their experience and lessons learnt while developing and growing the education division of the national foreign trade organisation.
When accreditation of tertiary-level programmes and registration of higher education providers were introduced in South Africa at the turn of the last century, ITRISA was amongst the first to comply with the new requirements, and has remained in full compliance ever since.
The have been instrumental in the launch of other trade training initiatives in South Africa and abroad, e.g. at North-West University, in Canada and in New Zealand.
About your facilitator – Michael Smith
Mike Smith has been involved in international trade for more than 30 years and is recognised as one of South Africa’s most accomplished trainers in the field.
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