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Introduction to Importing

Institute of Export & International Trade

Summary

Price
£718.80 inc VAT
Study method
Online + live classes
Duration
1 day · Part-time or full-time
Qualification
No formal qualification
Certificates
  • Certificate of completion - Free

Overview

Suppliers around the world offer a wide variety of goods that might suit your business. You might be able to find lower-priced supplies, giving you a competitive edge, or new supplies that allow you to sell a completely different product. Just as when you buy within the UK, it's important to find good suppliers, make sure they offer what you want and negotiate the right deal.


This one-day seminar will consider the basic procedures, terminology and documentation involved in importing. It will give an overview of the entire importing process including supplier selection, evaluation of risks, supply chain, terms of delivery, methods of payment, selection of clearing agent, duty and excise and the role of UK customs.

***You can now claim government grant funding to cover the full cost of this training course. Find out more***

Description

Learning outcomes

  • Background to importing
  • Balance of Trade
  • Indirect and direct importing
  • Role of Clearing an Agent
  • Evaluations of risks - Supplier Due Diligence
  • Processing an import order - the contract of sale
  • Key documentation
  • The role of HM customs
  • Import Duties
  • Import VAT
  • Import Landed Cost Calculation
    • Valuation Methods for Imports
  • Tariff Codes - HS / CN / TARIC
  • The Import Process
    • CPC Codes - A brief explanation of what they are
    • SAD C88 Form - An overview
  • Incoterms - Application and impact on imports

Who is this course for?

This course is most suitable for new importers or people working in import but never had official training. The departments within a business that this course would apply to are:

  • Customer Services
  • Shipping
  • Purchasing
  • Accounts and Finance
  • Import Administration
  • Logistics
  • Production Planning
  • Technical Support
  • Quality and Standards
  • Repairs
  • Distribution

Questions and answers

Certificates

Certificate of completion

Digital certificate - Included

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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