How to Avoid Pitfalls and Traps in International Trade

Rating 4.2 out of 5 (24 ratings in Udemy)

What you'll learn

Lessons from real life Case Studies on Fraud and Pitfalls experienced by those who are involved in International Trade which covers the following areas :
Lessons for Exporters & Importers and Traders from the shocking bankruptcy of the Hanjin Shipping Line
How using a Letter of Credit to pay for genuine past shipment of goods can be detrimental to the Seller
How the Financier of a trade transaction suffered loss due to forged …

Rating 4.2 out of 5 (24 ratings in Udemy)

What you'll learn

Lessons from real life Case Studies on Fraud and Pitfalls experienced by those who are involved in International Trade which covers the following areas :
Lessons for Exporters & Importers and Traders from the shocking bankruptcy of the Hanjin Shipping Line
How using a Letter of Credit to pay for genuine past shipment of goods can be detrimental to the Seller
How the Financier of a trade transaction suffered loss due to forged documents
How backdating a Bill of Lading is tantamount to fraud
How an Issuing Bank lost USD 1.2 Million due to non compliance with the UCP
The tactics used by triad syndicates to defraud Exporters
How an Exporter suffered losses under a Confirmed Letter of Credit
How an Importer was unable to claim for damaged goods under insurance in a CIF contract
How things can go wrong for both Seller & Buyer on a transaction using Incoterms DAP
How unexpected clauses in insurance policy can be detrimental for an Importer

Description

Do you want to learn How to Avoid Pitfalls and Traps when it comes to international trade?

With over 13 real life legal case studies in International Trade - this is the most comprehensive online International Trade course available.

Your instructor will take you through each real life case studies on what happened, what was the court judgement on the cases & learning points.

By the end of the course, you will know what are the pitfalls and traps that you should avoid when it comes to International Trade . You can implement the lessons that you have learnt from the case studies at work

Inside the course, you'll learn how to:

- How a House Bill of Lading can be risky for an Exporter - Examining the risk of using FOB for an Exporter.

- How an Importer was cheated by the Exporter using forged documents in a Letter of Credit transaction

- The consequences if the goods description in the Sales Contract does not match the terms of the Letter of Credit

- Han Jin Bankruptcy - An Importer's harrowing experience

- How using an LC to pay for past shipment of goods can be detrimental to the Seller

- Can an Issuing Bank be held liable to the applicant if there are forgeries in the documents submitted to the Exporter

- How backdating a Bill of Lading is tantamount to fraud

- How an Issuing Bank was liable to pay US$1.2million due to non compliance to Article 14 of UCP500

- Beware of Triad Syndicates operating in International Trade

- How an Exporter did not get paid under a Confirmed LC although the Importer had waived the discrepancies

- How an Importer was not able to claim under Insurance for damaged goods

- A surprise twist on how things can go wrong for both Seller & Buyer on a transaction using Incoterms DAP.

- How Importing under CIF can be risky

You'll also get:

✔ Lifetime Access to The Course

✔ Fast & Friendly Support in the Q&A section

Enrol today to become an expert in navigating pitfalls and traps in International Trade

Are there any course requirements or prerequisites?

Basic understanding of Letters of Credit & Incoterms

Who this course is for:

Importers

Exporters

Manufacturers

Traders

Bankers

Insurers

Freight forwarders and carriers.

Duration 1 Hours 58 Minutes

Paid

Self paced

All Levels

English (UK)

132

Rating 4.2 out of 5 (24 ratings in Udemy)

Go to the Course
We have partnered with providers to bring you collection of courses, When you buy through links on our site, we may earn an affiliate commission from provider.