IMPORT ESSENTIALS

THE CRITICAL STEPS TO SUCCESSFUL IMPORTING

Introduction
Factors to be considered to ensure successful importing
What is an import? - EU and non-EU shipments, Permanent and Temporary Imports
The questions an importer must be able to answer
The vital sources of information and importer must use
Record keeping and administration – the “audit trail”
Placing the import order – “getting it right –right from the start”

Meeting the legal requirements for importing
The import licence and other legal considerations
The importance of the commodity code – a study

The costs an importer may incur
Building up the final import price and ensuring all costs are covered

How does the importer pay for goods?
An overview of the methods of payment and when they would be required
Cash with order
Documentary Credits
Documentary Collections
Open Account

Ensuring the goods are dispatched and received successfully
The import route (the seven steps)
Incoterms 2010
Dealing with forwarders and calculating freight charges
Cargo Insurance considerations

What documents an importer need to be aware of
Documentary content – what the terms mean
The common import documents – with examples

How an importer meets the requirements demanded by HMRC (Customs and Excise)?
Customs’ clearance procedures
Paying duties and VAT – including calculating charges
Suspension and relief from paying duties and VAT
The impact of the Uniform Customs’ Code – and AEO Status

How importers can benefit from temporary import procedures
What are temporary imports?
Customs’ warehousing
Inward Processing relief
Other procedures

Keeping statistical records
Intrastat and the C88

Review of programme and further actions
What to do next once the programme ends

Includes refreshments and all delegates receive detailed course notes and copies of the presentation slides. Delegates are welcome to seek further advice & information from the trainers after the workshops are completed.

Venue: TBC Wolverhampton area

£200 + VAT per Chamber member and £250 +VAT for non-members

You can register your interest here