Import Training
Our seminar, accredited by The Institute of Export, will offer practical guidance to prospective and existing importersby considering the basic procedures, terminology and documentation required for successful importing. The course provides an overview of the entire importing process including supplier selection, evaluation of risks, supply chain, terms of delivery, methods of payment, selection of clearing agent, quotas, duty and excise and the role of UK Customs. The seminar 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 increase understanding of Customs rules and procedures and look briefly at some of the duty and excise reliefs available  First time and prospective importers, experienced importers who require updating, purchasing and sourcing staff, inward freight, customs clearance and financial staff   Background to Importing- Balance of Trade - Primary and Secondary ImportsIndirect and Direct Importing - Merchants Agents and DistributorsOrganising for importing Role of Clearing Agent Evaluation of RisksSupplier selection criteriaThe purchase orderTerms of Delivery and the supply chainInsurance -Whose responsibility and limits of insuranceMethods of Payment-Letters of Credit and DraftsDocumentationImport Licensing EC trading and preferential areas Quotas and SuspensionsClassification of GoodsThe role of HM Customs, AEO and security considerationsImport Entry and DeclarationsDuties, taxes and reliefs  The seminar should assist the delegate to  Make an informed choice of their preferred method of importingSelect a forwarding / clearing agentIdentify appropriate criteria for supplier selectionEvaluate source country riskSelect the most appropriate IncotermUnderstand the implications of payment methods for securing deliveryIdentify the documentation required and the parties responsible for preparation.Ensure customs complianceDetermine whether an import license is necessaryGain an understanding of the duties and taxes payable and the reliefs available