Overview International Payments

Description

Trainers: Strong & Herd LLP

What is this course about?

Getting paid or making payments on international transactions can appear complicated and risky. How is payment made to or from another country? When is payment due? How can I be sure I’ll be paid if I’m an exporter? How can I be sure I’ll receive the goods I ordered if I’m in importer? How do letters of credit work?

This course will explain the procedures and methods in international payments for goods and services. It will cover crucial topics such as:

Currency risk

Country risk

Agreeing payment terms with a customer or supplier

An overview of letters of credit. How they work and how to avoid the pitfalls

Legal processes for non-payment and non-delivery

Retention of title

Who should attend?

Everyone who has any connection with sales or purchases and the international supply chain. This seminar will remove misunderstanding and shine a light on which terms are better for your individual business needs.

The following are examples of the type of company personnel who need to keep up-to-date:

Newcomers to export or people only involved occasionally with exports

Shipping department trainees

Export administrators and managers who have had no formal training

Buyers, purchasing and procurement staff who need to understand key issues to correctly obtain prices and understand the true “cost of ownership”

Sales and Customer service administrators who need to understand what they are contracting

Freight forwarders and clearing agents who may be asked by their clients to make this important legal decision when entering goods to customs

Management trainees

Key benefits

Ensure compliance with customs regulations

Increase your understanding of customs rules

Provide you with clear guidelines on how to find out what information and documents are required

Give you the skill to put compliant systems in place within your organisation

Identify the importance of the export entry declarations and how to read them

Increase your efficiency by teaching you the jargon of international trade.

Know where or who to go to for information

*Strong & Herd LLP are well respected consultants and trainers in all areas of International Trade. They work closely with H&W Chamber of Commerce and have alliances with the Institute of Export & International Trade (IOE). The International chamber of Commerce ICC, the British Exporters Association (BEXA), Croner (Wolters Kluwer), HM Revenue & Customs (HMRC) and others.