Import and Export Course

Lesson 1 • Essential Trade Terminology

Introduces standardised vocabulary used in contracts, documents, and regulations. Precise terminology prevents costly misunderstandings in real transactions.

Lesson 2 • Overview of Regulatory Frameworks

Maps the landscape of import and export controls, licensing, and compliance obligations. Students gain awareness of the regulatory environment before diving into specifics.

Lesson 3 • Key Parties in a Trade Transaction

Identifies every stakeholder involved from seller to end buyer. Understanding party roles prevents liability gaps and communication failures throughout the course.

Lesson 1 • Bills of Lading and Airway Bills

Covers transport documents that serve as receipt, contract, and title instrument. Students learn to distinguish negotiable from non-negotiable instruments and their implications.

Lesson 2 • Commercial Invoice and Packing List

Explains the content requirements and legal significance of the two most fundamental export documents. Errors in these documents cascade into customs delays and financial disputes.

Lesson 3 • Customs Entry and Exit Documents

Details the declarations and filings submitted to customs authorities at import and export. Accurate filings are the primary defence against penalties and cargo holds.

Lesson 4 • Document Management and Verification

Teaches systematic review, version control, and archiving of trade documents. Proper management reduces audit risk and supports dispute resolution.

Lesson 1 • Seller-Favoured and Buyer-Favoured Terms

Compares terms that place maximum obligation on the seller versus those favouring the buyer. Recognising the spectrum helps negotiators choose terms aligned with business strategy.

Lesson 2 • Introduction to Incoterms

Explains the origin, purpose, and legal standing of standardised delivery terms. Students understand why term selection directly affects pricing, insurance, and liability.

Lesson 3 • Risk Transfer and Cost Allocation

Pinpoints the exact moment risk passes from seller to buyer under each term. Accurate risk mapping prevents insurance gaps and contract disputes.

Lesson 1 • Customs Valuation Methods

Covers the six internationally accepted methods for determining the customs value of imported goods. Students apply the transaction value method and know when to use alternatives.

Lesson 2 • Harmonised System Classification

Introduces the global commodity coding system and its hierarchical structure. Correct classification is the foundation of accurate duty calculation and trade statistics.

Lesson 3 • Duty Calculation and Rate Types

Explains ad valorem, specific, and compound duty structures and how to calculate total landed cost. Students can build accurate duty estimates for procurement and pricing decisions.

Lesson 4 • Classification Decision-Making

Applies classification rules to complex and composite goods through structured analysis. Students practise resolving ambiguous classifications using official guidance.

Lesson 1 • Import Compliance Programmes

Introduces structured compliance frameworks that importers use to demonstrate due diligence. Formal programmes reduce penalty exposure and support trusted trader status.

Lesson 2 • Duty Payment and Drawback

Covers methods of duty payment, deferred payment programmes, and duty recovery mechanisms. Students identify opportunities to legally reduce duty costs.

Lesson 3 • Customs Examination and Holds

Explains why shipments are selected for examination and how to respond effectively. Preparedness reduces examination time and associated costs.

Lesson 4 • Import Entry Filing Process

Walks through the sequence of steps from cargo arrival to customs release. Understanding the timeline prevents demurrage charges and supply chain disruptions.

Lesson 1 • Licence Determination and Exceptions

Guides students through the licence determination process and available licence exceptions. Knowing when an exception applies avoids unnecessary licence applications.

Lesson 2 • Restricted Party Screening

Covers the obligation to screen all transaction parties against government denial and sanctions lists. Screening failures are among the most penalised export violations.

Lesson 3 • Export Licence Application Process

Details the information required, submission process, and review timeline for export licence applications. Students can prepare a complete application and manage the approval cycle.

Lesson 4 • Classification Under Export Control Lists

Teaches how to classify items against export control commodity lists and determine control parameters. Accurate classification is the prerequisite for every licensing determination.

Lesson 1 • Documentary Collections

Explains documents against payment and documents against acceptance as lower-cost alternatives to LCs. Students understand the bank's limited role and the resulting risk exposure.

Lesson 2 • Payment Risk Spectrum

Maps payment methods from open account to cash in advance along a risk continuum. Understanding the spectrum enables informed negotiation of payment terms.

Lesson 3 • Trade Finance Instruments and Programmes

Introduces supply chain finance, export credit, and government-backed financing programmes. These tools improve cash flow and enable transactions that would otherwise be too risky.

Lesson 4 • Currency Risk and Hedging

Addresses foreign exchange exposure arising from cross-border transactions and available hedging tools. Students can identify exposure and select appropriate risk management instruments.

Lesson 1 • Cargo Insurance and Risk Management

Covers marine cargo insurance clauses, valuation, and claims procedures. Adequate coverage protects against financial loss from damage, theft, and total loss events.

Lesson 2 • Supply Chain Visibility and Optimisation

Introduces tools and strategies for tracking shipments, reducing lead times, and building supply chain resilience. Students can identify bottlenecks and propose data-driven improvements.

Lesson 3 • Packaging, Labelling, and Dangerous Goods

Addresses export packaging standards, country-of-origin marking, and hazardous materials transport rules. Non-compliance triggers rejection, fines, and safety incidents.

Lesson 4 • International Transport Modes

Compares ocean, air, road, rail, and multimodal transport on cost, speed, and suitability. Mode selection directly affects landed cost, lead time, and carbon footprint.