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BANGLADESH-JAPAN TRAINING INSTITUTE (BJTI) is going to organize a 2-days Long Exclusive Training on "L/C Management for Local and International Business"#Resource Person: Mr. Md. Arif Khan, Chief consultant & Training Specialist, Sullivan Consulting and Learning Services
#Date and Time: 03-04 May 2024 (Friday-Saturday), 08:45 am - 05:00 pm
#Deadline for Registration: 02 May 2024 (Thursday)
#L/C Management for Local and International Business
#Introduction
The course LC Management for Procurement, Commercial and Supply Chain Professionals is designed and articulated to sharpen participant`s knowledge and skills in doing and handling Export - Import business efficiently and successfully.
Step by step process and procedures have been described as participants can gather knowledge easily and implement the training result in the real life business/operations. This course is planned such a way that within a short period of time the participants can sharpen their knowledge in LC Planning LC Types, Procedure & Management, L/C financing ,Risk and Insurance Management ,LC Performance Management in International Business. Precipitants will be truly benefited just walk away from the training room and also they will get a profitable & prestigious career progression either in job or business.
Export - Import business is one of the hot industries of the new millennium. Export - Import business becomes more and more rewarding, both in terms of profit and personal satisfaction.
But the Export-Import field is not the sole purview of the conglomerate corporate trader, the big guys make up only about few percent of all exporters. Which means that the other major percent of exporters--the lion's share are small outfits like yours will be--when you're new, at least.
In international business major and safest mode of payment is L/C. For importing, we need to open the import L/C. For export you need to receive Export L/C for successful business deal. L/C has certain rules and procedure to manage. As per Bangladesh Import policy importer must open the L/C to import the goods (exceptions applied in some cases). Either for Import L/C or export L/C, technical knowledge on L/C rules and procedure, its possible financing and necessary risk management through insurance coverage is required. Due to mismanagement of those aspects, companies may fall in deep hassle and incur huge loss in Business.
If the goods you need for your business are unavailable in this country or cost less in others, then you may want to import them. Importing commercial goods into Bangladesh is a regulated activity. The Chief Controller of Import and Export authority is the government organization that enforces import regulations.
#Objectives of this training:
Explain the main concept of L/C Types, L/C Financing/C Management, and IMPORT through L/C and EXPORT through L/C, Risk and Insurance Management under Local and International business.
It aims to provide participants foundational and advanced knowledge on how to tackle, resolve, and manage myriad complex problems and issues that confront Export-Import managers.
The purpose of the course is to recognize the right and complete process and procedure of Export-Import Business through L/C.
Strengthening the Capacity of the professional involves in Export-Import as they can find out GAP and minimize cost
Export the products and services with irrevocable L/C to the right places in right time and satisfy the customer
Import the products and services with irrevocable L/C from the right places in right time and satisfy the customer.
#Training Contents:
Role of GDP Size and Growth in International Business
Import Business Overview
Export Business Overview
Import Business Model
Export Business Model
LC Planning for International Procurement and Sales
LC Management (What is Letter of Credit?)
Mechanism of L/C
Various Types of Letter of Credit
UCPDC-600/UCP 600
Import procedure either through L/C or without L/C
Irrevocable L/C
UPAS L/C
Back to Back L/C
Transferrable L/C
Other types of L/C
LC Limit Arrangement
LC Commission and related cost of LC
Calculation of LC related cost
Parties involved in the L/C
L/C work process
Documents for L/C opening/L/C opening procedure
LC Margin arrangement
L/C Clauses and Practical exercise on L/C
How to amend the L/C
Role of Draft LC
L/C Transmission through SWIFT
L/C Amendment
Landed Cost Calculation
Life Cycle Cost calculation
Import without L/C
Advantages and disadvantages of L/C
Selection of Perfect H.S Code
Role of Different Banks in International Business
Procedure for Add confirmation by L/C issuing Bank on L/C
Proforma Invoice (P/I)
Sales Contract
Export Cost Calculation
Credit report collection through Bank
Shipping documents
Preparing the Export documents
Negotiable & Non-negotiable documents
Insurance cover note & policy
Claim settlement
Import Against Bond / Supervised Bond License System
Import L/C Financing
Export LC Financing
Post Import Financing Under LTR AND LIM
Import Against Master L/C (BACK TO BACK IMPORT)
Customs Procedure for Import and Export
Bill of Entry/ Export
Discounting of Bills
Performance Management of L/C related activities in Procurement and International sales
Import-Export L/C check list, Export L/C Case Studies, Exercises, Video clips
#Who will be Benefited:
The business owners or individuals are interested to start export-import business , business graduates & engineering students, professional engaged in Export, Import, Procurement, Logistics, Supply Chain, Distribution ,Shipping, Freight Forwarding ,C&F, Indenting, Agency Business, Customs, Courier ,Training, Finance & Accounts, International Trade and many more learning minded people those are involved in Private Sector, Public sector and Nonprofit organizations (NGOs)
#Training Methodology:
Lecture & discussion, Power Point Presentation, Peer learning, Group work and presentation, Experience sharing, Role play, Buzz and simulation games, Case study exercises, Video clip
#Language: English and Bengali
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Event Venue & Nearby Stays
Bangladesh - Japan Training Institute, Saba Computers, ঢাকা, বাংলাদেশ,Dhaka, Bangladesh
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