Up to 70 verified hours contribute towards CPD Points
The export sequence
The different types of cargo presented for export
Ocean transport and its advantages, limitations, procedures, regulations and the various types of cargo vessels used in international trade
Major South African ports and describe their facilities
The major locations of container terminals in South Africa
The difference between container terminals, container depots, container yards and Transnet Freight Rail goods yards
The difference between FCL, LCL and groupage service and cargo, and the procedures involved in exporting each cargo type
The procedures involved in exporting bulk or breakbulk cargo, transported by rail or road, for onward transportation by sea
Airfreight and its advantages, limitations, procedures, regulations and the various types of aircrafts used in international trade
Road transport and its advantages, limitations, procedures, regulations and the various types of services offered by road transporters in southern Africa
Rail transport and its advantages, limitations, procedures, regulations and infrastructure and the various types of services offered by rail transporters in southern Africa
The advantages and disadvantages of cargo being transported by inland waterway
How to make informed decisions when choosing a mode of transport based on influencing factors
How ocean freight, airfreight, road transport and rail freight rates are calculated
The advantages of using a freight forwarder
International standards in respect to health and safety, environment and quality control
How to distinguish between ‘packing’ and ‘packaging’ and outline regulations for both in terms of environmental standards
The specific functions of Customs & Excise in South Africa and its various systems, procedures and document requirements
The procedures for customs clearing goods into a foreign country
The purpose, categories and features of various documents with regards to invoicing, instructions, customs, permits, certificates and payments in export trade
The sets of rules developed for the interpretation of trade terms by the International Chamber of Commerce
How Incoterms® are used in a contract of sale
The factors influencing the choice of particular Incoterms®
The purpose of marine insurance, understand its terminology and describe the different insurance policies available and the cover each provides
Up to 50 verified hours contribute towards CPD Points
How the foreign exchange market operates, the purpose of a 'base currency' and different types of currencies
The role of the central bank
The implications of South Africa's system of exchange control for exporters
Key terminology used in the sector including 'exchange rate,' 'selling rate,' 'buying rate,' 'the spread,' 'mid-rate', 'public rate', 'spot rate,' 'forward rate,' 'swap,' 'liquidity' and 'solvency'
What is meant by a forward exchange contract and discuss the advantages and disadvantages of various contract options
The main activities associated with foreign exchange risk management
Techniques to 'hedge' against adverse movements in the exchange rate, and explain how each method works
The success rate of a company's foreign exchange risk management programme
The key considerations relating to payment in an international trade transaction, including payment types, methods and terms
The key considerations when establishing a credit policy
The function of a bill of exchange (draft); identify the circumstances in which it would be necessary to act against an importer who is refusing to pay/accept a draft and discuss measures that can be taken to recover money
The four methods of payment; their procedures, benefits, limitations, ability to minimise risk of non-payment and the circumstances under which they would be applicable
The functions of a banker's draft, an importer's cheque, SWIFT and other electronic transfer
The role of export credit insurance in international trade and the risks that are covered
The process of export costing and its importance, types, methods and influencing factors
How to harness the advantages of using an export costing sheet
How to calculate export costs according to Incoterms®2010
The sources, types and procedures of financing facilities in export
The circumstances giving rise to an exporter's need for financing
The difference between pre-shipment and post-shipment finance