Basics of International Trade Business | Operations Online Course by Udemy

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Trade Payment Method and Other Things To Know When Running Import and Export Business

An excellent training about Operations

Basics of International Trade Business

Section 1. Challenges in Trade1. Defining an Agreement2. Knowing Your Customer / AML3. Access to Financing4. Restrictions and Other Regulation Country RegulationSection 2. Impact of Interest and Exchange Rates 1. Interest Rate on Import Bills 2. Interest Rate on Trust Receipts3. Interest Rate on Export Packing Credit4. Interest Rate on Export Bills PurchasedSection 3. International Trade Payment Method1. Advance Payment or Prepayment2. Direct Remittance (DR)3. Documents against Payment (DP)4. Documents against Acceptance (DA)5. Open Account (OA)6. Documentary Credit/Letter of Credit (LC)Section 4. Parties Involved in Trade Transactions1. Importer 2. Exporter3. Banks4. Shipping Lines or Carrier / Airline Company5. Customs Broker 6. Insurance7. Customs8. Other parties that may deemed necessarySection 5. Key Take-Away1. Credit Line Facility2. International Guidelines3. Trade Based Anti-Money Laundering

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