PROFESSIONAL DEVELOPMENT PROGRAM

 

Note:

-- Lunch, Tea Break & Refreshment will be arranged by the organizer

-- Training Materials will be provided by the organizer

-- Seats are limited and will be served on 'First Come-First Serve' basis

-- Participants will be awarded certificates at the end of the session

Who Should Attend

•Importers & Exporters
•Banking Professionals
•Procurement/Buying Houses Executives
•Commercial officers/officials engaged in RMG Sector
•C&F Agents/Carriers/Carriers’ Agents
•Insurer/ Insurance Executives & Lawyers
•New job seekers, Academics and anyone interested in LC Operation

Understanding Import Export Operation

LC Procedure; Custom Formalities & Documentation

Date : 22 May 2015
Time : 10:00AM-6:00PM
Fee  : 4000 BDT
Training venue :
UPDATE
UTC Tower (Ground Floor), 8 Panthapath, Dhaka (Beside Basundhara Shopping Complex)
Training Objective
The main objective of this training is to provide theoretical as well as practical knowledge to the participants regarding Import-Export Operation: LC Procedure; Custom Formalities & Documentation

Among numerous payment methods available to buyers and sellers in international trade, operation by way of Letter of Credit (LC) is the most widely accepted and practiced alternative. But why?

Why choose Letter of Credit (LC) as the payment vehicle?

What does `UCPDC` stand for?

How does a Letter of Credit (LC) function?

Do Export & Import from/into Bangladesh may be made under Contract Procedure?

What are the risks inherent in exports under Contract Procedure?

How to reduce/eliminate those risks?

Exports and Imports involve a lot of technicalities because these take place between two countries, under different situations, rules and regulations and culture. Exporters & Importers are, therefore, among others required to know global market environment, International Chamber of Commerce’s Rules, Shipping Procedure, Banking and Custom Formalities. As such, Import & Export Trade calls for proper understanding and in depth knowledge of various technical aspects including Letters of Credit Operations. To learn these theoretical aspects and for sharing of many other practical problems/issues regarding imports-export operation - LC Procedure; Custom Formalities & Documentation from the experience of a banking professional this training has been arranged.

Training Content
1.International Trade: An Overview

2. International Trade Policies, Regulations, Guidelines & Practices

3. Banking Formalities

4. Role of Banks in Imports & Exports Business

5. Custom Formalities related to Imports & Exports

6. Functions of Clearing Agent

7. Functions of Forwarding Agent

8. Various Trade Payment Methods

9. Incoterms -2010

10. URC - 522

11. What does a Collection Mean?

12. Terms of Payment: D/P, D/A

13. Handling of collection: Clean Collection and Documentary Collection

14. What are the Documents Handled under Collection?

15. Documentary Collection Procedure/ Documentary Draft Transaction

16. Risks those are Inherent under Collection/Contract Procedure.

15. How Exporters May be Protected against Exports under Contract Procedure?

17. UCPDC (ICC Publication No.600)

18. Introducing L/C

19. Types of Letter of Credit (LC):

20. Special Types of LC.

21. Parties involved in Documentary Credit (L/C) Operation: Applicant; Beneficiary; L/C Issuing Bank; Advising Bank; Nominated Bank; Confirming Bank; Negotiating Bank; Claiming Bank; Reimbursing Bank

22. Advising of Credits and Amendments (Article - 9)

23. Amendments (Article -10)

24. Nomination (Artilce-12); Functions of Nominated Bank

25. Import Procedures

26. Duties & Taxes applicable for Importable Goods

27. How to calculate Costs of Importable Goods?

28. Export Procedures

29. Export by sea –steps involved in shipping of goods by sea

30. Documents Used in Documentary Credit Operation (Article 18 – 28)

31. Examination of Documents (Article-14)

32. Discrepant Documents, Waiver and Notice (Article-16)

33. Disputes and Settlements of Disputes

34. Familiarizing with Forms/Documents that are necessary for opening of L/C (such as, L/C Application Form; LCA Form; IMP Form; Proforma Invoice (PI)/Indent; Insurance Cover Note/Policy and, any other forms/documents if required, as per Import Policy Order (i.e. IPO) and their uses/ implications

35. Many more
Facilitator(s) Profile
 

Azhar Ali Miah
Former Executive Vice President
Bank Asia Limited
  Mr. Azhar has more than 34 years of diversified experience in banking profession. He worked as the Executive Vice President, Bank Asia Limited, Corporate Office, Dhaka. He has retired from the services of the bank on 07.08.2011. Prior to joining Bank Asia Limited, he worked at Agrani Bank in various capacities, particularly, as the Manager of Authorised Dealer (AD) Branches, Head of Foreign Exchange Department/Trade Finance Department of Corporate Branches, Dhaka and Assistant General Manager, International Division, Head Office, Dhaka. He attended different training courses/workshops on Foreign Trade and Foreign Exchange Transactions, Trade Finance at home and in abroad. Furthermore he has earned reputation as a successful trainer in the banking arena. As a trainer, he has been conducting training programs and workshops at Prothom Alojobs, BD jobs and DCCI Business Institute, Dhaka for long, in addition to Training Institutes of different Banks including BIBM on Trade Finance, UCPDC and Other Banking Subjects.
Registration Details
Registration payment can be made by cash or A/C Payee cheque in favor of Business Express, before May 20, 2015, till 07:05 pm

Registration Point
Business Express H:38/A (3rd Floor),R: 9/A Dhanmondi, Dhaka-1209

Mob: 01717801435
E-Mail: businessexpress24@gmail.com

Last date of registration: Wednesday, 20 May 2015
We offer In-House/Customized training on Sales, Leadership, Finance, HR, RMG or any Soft Skill Topics.