International Procurement
Details
Intended for purchasing personnel who wish to take advantage of the benefits and opportunities of international trade but also to effectively manage the many complexities of international procurement.
This course comprehensively covers the added challenges of buying globally. Attendees will learn how to manage currency and payment, understand customs and import procedures and be able to ensure the enforceability of the buyer’s requirements across differing legal systems. The necessity for uniformity of understanding and interpretation of contractual obligations between the buyer and seller is emphasised together with practical methods of achieving these key requirements. Transportation, freight rates and the revised ICC Incoterms are also covered.
Please see course content below or click 'Download Course Details' for a PDF of the course information.
Outline
The Added Risks of International Sourcing / International Purchasing Strategy / Sourcing & Evaluation of Overseas Suppliers / Communication / Distance / Dealing with Cultural & Ethical Issues / Corporate Social Responsibility & Environmental Factors / Role of the International Chamber of Commerce (ICC).
Getting Uniformity of Interpretation & Understanding / Product Specification / Documentation / CE Marking / Packing & Labelling / Incoterms & Shipment.
Differing Legal Systems / Conflict of Laws / International Sale of Goods Convention / ICC Model Contracts / The Unidroit Principles for Commercial Contracts / Challenges of Enforcement & Jurisdiction / The Implications of The Brussels, Lugano Conventions / Rome I Regulations / Using International Commercial Arbitration for Dispute Resolution.
Handling Currency Fluctuations / Risk & Speculation / Matching & Multilateral Netting / Currency Options / Forward Exchange Contracts / Open Account / International Money Transfer / Bills of Exchange / Documentary Credits (Letters of Credit) / Cash Against Documents / Protecting Payments / Advanced Payment Guarantees.
ICC Incoterms 2010 / When does Risk & Cost Pass? / Critical Points / Insurance & Compensation for Loss or Damage / Selecting the Correct Term / Common Misconceptions.
Modes / Selection / Packaging / Freight Rates / Volumetric Weight / Insurance / TIR.
Bill of Lading / Sea Waybill / FIATA Multi Modal Bill / Truck Waybill / Air Waybill / Standard Shipping Note / Commercial Invoice / Certificate of Insurance / Certificate of Origin / Pre-Shipment Inspection Certificate / Affect of the Transportation Conventions.
HM Revenue & Customs / The European Union / Goods in Free Circulation / The Union Customs Code (UCC) 2016 / Customs Notice 3001 / Import Declarations / Import Licences / Import Duty / Valuation of Imports / VAT / Additional Levies / ADD / Relief from Duty / Tariff Quotas / Preference Rates / Inward Processing (IP) / End Use Relief (EnU) / Simplified/Accelerated Procedures at Import / CFSP / SDP / EIDR / Customs Warehousing / Free Zones.
Gareth Roden is the principal tutor and managing director of PMS. He has held senior management positions in both public and private sector procurement in automotive, mining and mechanical engineering businesses. His hands-on experience and dynamic presentation style enable Gareth to act as the ideal leader of our interactive courses.
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