This is an intensive 2-day primer on International Trade Finance. This course has been tailored for professionals in shipping and maritime companies who need to gain a closer understanding of all aspects of the financing of international trade.
Just as the shipping industry is vital to the facilitation of international trade by ensuring that goods and commodities are transported in the most effective and safe manner and are delivered at the right time and place, the financial aspects of the transaction are equally important.
Trade finance ensures that the other vital aspect of international trade, the payment, is made in strict accordance with the sellers’ and the buyers’ wishes and contractual obligations.
Through its various mechanisms and international conventions, trade finance offers protections and certainties to sellers, exporters, purchasers and importers that the ordered goods will be delivered, and that the contracted price will be paid. Additionally, trade finance offers a range of financial tools that solves or alleviates the perpetual trade problem of insufficient working capital.
KEY BENEFITS OF ATTENDING
• Learn the key role that specific shipping documents play in ensuring payment
• Understand different types of payment mechanisms, such as Letters of Credit, Documentary Collections, Open Account; how they operate and the risks that each carry
• Learn about the role of the financial industry as the key element in ensuring DvP (Delivery versus Payment) in international trade finance transactions
• Gain insights into the role of the ICC (International Chamber of Commerce) and international conventions in facilitating the smooth flow of goods versus payments
• Attain a knowledge of the different trade payment instruments and their processes
• Learn about relationships between buyers/importers and sellers/exporters and the financial services industry to ensure seam less secure transactions in international trade
• Understand how traditional techniques of pre- and post-shipment finance relate to financing forms such as forfaiting, countertrade, structured finance, Islamic finance, securitization etc.
• Be aware of how the international monetary system operates
• Understand the role of financial institutions of serving as trusted third-party intermediaries in protecting the interests of both parties
• Develop core competencies and learn the industry best practices
• Understand what Supply Chain Finance is and how it works
WHO SHOULD ATTEND
This course will be of special interest to shipping and maritime professionals who wish to expand their knowledge base to enhance their expertise to include a better understanding of the international trade finance arena:
• Shipping Executives and Management
• Freight Company Executives and Management
• Shipping and Freight Company Financial Executives and Management
• Shipping and Freight Company Staff from Front/Middle/Back Offices
• Commercial and Corporate Bankers dealing with Importers/Exporters/Manufacturers/Distributors in the international arena
• Trade Finance Supervisors and Managers
• Trading / Commodity Company Managers, Senior and Operations Staff
• Risk Managers and Risk Management Officers
• Trading Company, Multinational Corporate & Treasury Staff
• Internal & External Auditors
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