Our Introduction to Importing seminar will offer practical guidance to prospective and existing importers by considering the basic procedures, terminology and documentation involved in importing. It will give 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, duty and excise and the role of UK customs.
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The Office Group
East Side, Kings Cross Station
London N1C 4AX
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Suppliers around the world offer a wide variety of goods that might suit your business. You might be able to find lower-priced supplies, giving you a competitive edge, or new supplies that allow you to sell a completely different product. Just as when you buy within the UK, it's important to find good suppliers, make sure they offer what you want and negotiate the right deal.
Importing can also present complications, such as managing long-distance relationships and organising international transport and customs clearance. Common pitfalls can cause importers to incur unnecessary costs and delays in arrival of goods. Successful importing requires an understanding of customs rules and procedures as well as the duty and excise relief available.
This one-day seminar will consider the basic procedures, terminology and documentation involved in importing. It will give 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, duty and excise and the role of UK customs.
- Background to importing
- Balance of Trade
- Primary and secondary imports
- Indirect and direct importing - Merchants, agents and distributors
- Role of Clearing an Agent
- Evaluations of risks - Supplier Due Diligence
- Processing an import order - The contract of sale
- Consignment documentation
- Tariff Codes - HS / CN / TARIC
- Working with Freight Forwarders
- Import Landed Cost Calculation
- Valuation Methods for Imports
- Incoterms - Application and impact on imports
Who should attend
This course is most suitable for new importers or people working in import but never had official training. The departments within a business that this course would apply to are:
- Customer Services
- Accounts and Finance
- Import Administration
- Production Planning
- Technical Support
- Quality and Standards