Overview

Throughout these modules, participants will embark on a comprehensive journey into the intricate realm of international trade. Beginning with an exploration of fundamental concepts such as comparative advantage and the distinct nature of global trade, attendees gain a solid understanding of the complexities that set international transactions apart. The elucidation of SWIFT organization's role and message types further enriches their understanding of the infrastructure supporting global commerce.

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Outcome

Explain the risks involved in International Trade


Identify different types of shipping documents and their usages


Identify the four types of payment methods used in international trade


Assess the risks and how to mitigate them under each type of payment methods


List the various types of guarantees

Details

Developed by: Beacon FinTrain

Standard Total Hours: 18 Hrs

Language: English - Bilingual "English & Arabic"

Modalities: 
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Outline

  • What is meant by international trade & the concept of comparative advantage
  • Why international trade differs from domestic trade
  • SWIFT organization, message types and usages.

  • Types & usage of shipping documents in international trade
  • Incoterms 2020 rules

  • Advance Payment, definition and mechanism
  • Open account, definition and mechanism
  • Documentary collections, definition and mechanism and its main features & types
  • Documentary credit, definition, mechanism and its main features & types
  • Assessment of risks involved in each type and how to mitigate them
  • Identifying the best method that’s suitable for the seller and the buyer.

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Who Should Attend

  • International Trade Managers
  • Import/Export Managers
  • Supply Chain Managers
  • Trade Finance Officers
  • Shipping and Logistics Managers
  • Finance Managers
  • Sales Managers involved in international transactions.

Why Beacon

Quality

Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.

Specialization

We focus on finance, offering expert knowledge and bespoke solutions that cater to the unique needs of finance professionals in the Middle East and Africa.

Punctuality

Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.

Guidance

Beacon FinTrain is a guiding light in finance, providing insightful advice and support to navigate the complexities of financial markets and regulations.

Integrity

We uphold the highest ethical standards, fostering trust and transparency in all our dealings to build lasting relationships with clients.

Flexibility

Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.