This unique course is intended to provide the often-missing link for procurement specialists to the world of international goods movement and how the issues and costs they see disrupting their supply chain on a daily basis, are inadvertently created.
This much-acclaimed course provides that ‘oh now I see what’s happening’ moment for procurement professionals, stripping away the confusion, technical jargon and conflicting objectives to show a clear path to business improvement, greater profitability and stress reduction for all concerned.
Whether you are importing, exporting, drop-shipping, direct-shipping or working through third parties, contract terms often have a considerable unintended impact on the physical movement of goods, legal liabilities and costs. In the modern supply chain it is quite usual for there to be several different contracts and perhaps sub-contracts all ‘daisy-chained’ together. These practical but frequently apparently un-connected consequences can have a major impact on cash flow, timescales, freight costs, customs clearance, import duty and tax.
Likewise the seemingly simple choice of an importer or exporter can lead to the need for businesses to register a multitude of new companies around the world to manage their tax affairs.
All of this has a major bearing on the final landed cost or delivered cost of goods.
The course is given from an integrated, pragmatic and practical viewpoint rather than an academic and theoretical one. The emphasis is on shining a light on the supply chain to explain how seemingly unconnected elements interact to produce cause and effect. Once understood it is entirely possible to avoid difficulties and delays and achieve cost efficiency across the business disciplines involved.
Course content will include:
- how worldwide and EU goods movements work
- the benefits and costs of airfreight, seafreight, road, hand carry and courier shipments
- the use and implications of incoterms®2020
- how to find the correct customs tariff classification (commodity code) and customs value
- how to calculate and predict freight, duty and VAT costs
- managing duty deferment accounts
- using customs special procedures to legally avoid the need to pay import duty and VAT
- the impact of related company transactions
- the importance and benefits of goods’ origin (non-preference and preference)
- the impact of manufacturing location
- customs procedures e.g IPR, OPR, RGR, Customs (Bonded) warehousing, temporary import etc.
- certification and legalisation costs of documents
- intrastats and the EU sales list (ESL)
- working with freight agents, customers and suppliers
- reading and checking a customs entry (C88 SAD & E2)
- the relevance and benefits of Authorised Economic Operator (AEO) Status
Full delegate notes (not just copies of the slides) are provided for future reference. All delegates receive a Certificate of Attendance for their training records.
The course runs from 9.30am to approx. 4.30pm. Continental breakfast and lunch are included.
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Practical, pragmatic advice and training
Tel: +44 (0)7841133027