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Day Long Workshop on ‘’Banking, Customs, L/C & Contract Procedure for Import – Export Business’’

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Start Date: September 5, 2014
End Date: September 5, 2014
Time: 9:00 am to 5:00 pm

Location: House # 55, Road # 6, Block # C, Banani, Dhaka -1213

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Description

 

Workshop on ‘’Banking, Customs, L/C & Contract Procedure for Import – Export Business’’

About The Workshop:

Banking, Customs, L/C and Government stakeholders are playing major role for import and export of goods and these organizations have important functions in the export import trade chain. Due to lack of clear understanding about the customs rules, regulation, procedure of L/C agent, business professionals face troubles in doing the business smoothly.

Businessmen have to follow a complex customs procedure in the way of import and export. This course will help understand the process of clearance of goods from customs and minimize the expenses at every stage as well.

 

Objective Of The Workshop:

The main objective of the training program is to provide theoretical as well as practical knowledge to the participants regarding export & imports under L/C and Contract Procedures, Banking & Custom Formalities in Bangladesh.

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 thesetake 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 regarding export and imports under L/C and Contract Procedures together with banking & Custom Formalities from the experience of banking professional this training program has been arranged

 

 Contents of Workshop:

1. International Trade: An Overview

2. International Trade Policies, Regulations, Guidelines & Practices:

  • Salient Features of Import Policy Order (IPO) 2012-15
  • Salient Features of Export Policy Order (EPO) 2012-2015
  • Foreign Exchange Regulations Act -1947 (With up-to-date amendments)
  • Guidelines for Foreign Exchange Transactions of Bangladesh Bank (BB)
  • Foreign Exchange Circulars issued by Foreign Exchange Policy Department of BB
  • Incoterms-2010
  • URC -522
  • UCPDC-600 (UCP-600)
  • ISBP-745 and, other related ICC publications

3. Banking Formalities

4. Role of Banks in Imports & Exports Business

5. Custom Formalities related Imports & Exports

6. Functions of Clearing Agent

7. Functions of Forwarding Agent

8. Various Trade Payment Methods

9. What does a Collection Mean?

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

11. Handling of collection: Clean Collection and Documentary Collection

12. What are the Documents Handled under Collection?

13. Documentary Collection Procedure/ Documentary Draft Transaction

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

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

16. UCPDC (ICC Publication No.600)

17. Introducing L/C
18. Types of Letter of Credit (LC):

–          Sight Payment Credit

–          Deferred Payment Credit,

–          Acceptance Credit or

–          Negotiation Credit

–          Unconfirmed Credit

–          Confirmed Credit

–          With Recourse Credit and without Recourse Credit

–          Transferable Credit

–          Standby Credit

19. Special Types of LC.
Back to Back L/C

–          Red clause and Green clause L/C

–          Revolving L/C

20. 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

21. Advising of Credits and Amendments (Article – 9)

22. Amendments (Article -10)

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

24. Import Procedures

25. Duties & Taxes applicable for Importable Goods

26. How to calculate Costs of Importable Goods?

27. Export Procedures

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

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

30. Examination of Documents (Article-14)

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

32. Disputes and Settlements of Disputes

33. 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

34. Many more

All the topics will be covered through Real life illustration.

 

Who would be benefited?

  • Banking Professionals
  • Importers & Exporters
  • 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


Trainer Profile

 

Md. Azhar Ali Miah, M.Com, DAIBB

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 in 2011. Prior to joining Bank Asia Limited, he worked at Agrani Bank in various capacities, particularly, as the Manager of Authorized 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 Documentary Credit Operation/International Trade at home and in abroad.

He has earned reputation as a successful trainer in the banking arena. As a trainer, he has been conducting training programs and workshops at BD jobs Training, Prothom Alojobs Training, DCCI Business Institute (DBI), Training Bangladesh, Dhaka for long, in addition to Training Institutes of different Banks including BIBM on Trade Finance, UCPDC and Other Banking Subjects.

 

Per Person Fees: 3,500Tk. Only

Registration Last Date 4th September, 2014 by 3.00PM

 

Please Call For Registration

Ms.Suraiya Mou, Md.Kamrul Hasan

(Training Division)

Cell: 01946752388, 01198254969

Email: info@ipdpbd.com

Website: www.ipdpbd.com

Institute Of Professional Development Programs (IPDP)

House # 55, (2nd Floor), Flat # B2, Road # 6, Block # C, Banani, Dhaka -1213

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Organizers

Organized by :  IPDP Training Organizer's Address : House # 55, Road # 6, Block # C, Banani, Dhaka -1213 Mobile : 01946752388, 01198254969 Email : info@ipdpbd.com Website : http://www.ipdpbd.com

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About the Organizers :

Contact With US VIA EMAIL. Mail Us - info@ipdpbd.com

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