SYLLABUS

LESSON ONE:

1. Product selection/development

2. Locating foreign factory

3. Discuss problems off-shore production

4. Marketing product in U.S.A.

5. Discuss factory production in Philippines ( view photos)

6. Selection of buying agent & agreement

LESSON TWO:

1. Collecting samples & product specifications

2. Foreign procurement terms ( Ex-Factory, F.O.B., C&F and CIF)

3. Pro-forma factory quotation

4. Placing your purchase order

5. Purchasing Textiles

6. Factory inspection

LESSON THREE:

1. Types of Letters of Credit

2. Completing Letter of Credit application

3. Wire transfers/open accounts

4. Arbitrage trading/forward contracts

5. Hard & Soft currencies

6. Euro Dollar

LESSON FOUR:

1. Ocean freight rates & tariff classifications

2. Conference versus non-conference

3. Routing/transit times/Port in U.S.A.

4. Examine role of freight forwarder, consolidator, NVOCC

5. Service contracts

6. Air freight rates/consolidations

LESSON FIVE:

1. U.S. Customs duty rates - Harmonized Tariff Schedule

2. U.S. Customs regulations

3. Customhouse brokerage

4. Informed Compliance

5. Foreign Trade Zones

LESSON SIX:

1. Marine/Air Insurance

2. Drayage Charges

3. Record Keeping

4. Formula for calculating Land Cost of Goods

5. Sample Worksheet