International Trade

• Regulations of International Trade
• Risks in International Trade
• Top Trading Nations
• Top Traded Commodities (Exports)

International Trade – WTO

• GATT rounds of negotiations
• Functions of WTO
• Principles of the trading system

Export and Import

• Export
• Advantages of Exporting
• Disadvantages of Exporting
• Ways of exporting
• Making the export decision
• Import

Starting Exports – Important steps

• Basic Requirements
• IEC Number
• Export License
• Export Samples
• Export Pricing
• Steps for successful exporting

Export Documentation

• Pre-shipment Documents
• Post Shipment Documents
• Export Documents

Payment Terms

• Payment in Advance
• Letter of Credit
• Documentary Collections
• Open Account

INCOTERMS

• Classification
• Multi Modal Transport Rules
• Sea and Inland Waterway Transport Rules
• Trade Rules

Methods of Financing Exporters

• Pre-Shipment Finance
• Post-Shipment Advance

Export Assistance

• Importance of Export Assistance
• Export Promotion Measures in India
• Eligibility for Export/Trading/Star Trading/Super Star Trading Houses
• Rendering exports price competitive
• Strengthening Export Marketing Effort
• Special Economic Zones
• Export Processing Zone /Export Oriented Units

Processing of an export order

• Nature and Format of Export Order
• Examination and Confirmation of Export Order
• Central Excise Clearance
• Pre-shipment Inspection
• Appointment of Clearing and Forwarding Agents
• Transportation of Goods to Port of Shipment
• Port Formalities and Customs Clearance
• Certificate of Origin and Shipment Advice
• Presentation of Documents to Bank
• Claiming Export Incentives

Imports

• Why Import
• Global Sourcing
• Import Requirements and Documentation
• Procedure to Import
• Import Duties
• Payment Methods
• Import Financing
• FEMA Guidelines relating to Imports
• Export Promotion Capital Goods Scheme - EPCG
• Foreign Trade Policy (2015-2020)

Forex Introduction

• What is Foreign Exchange
• Why is foreign exchange important to us?
• What is a foreign Exchange market?
• Foreign Exchange as a Financial Market
• Foreign Exchange is an OTC Market (Over The Counter)
• Market Participants

Foreign Exchange Basics

• Rates of Exchange
• Primary and Counter Currency
• Market Maker and Market Taker
• Bid/Offer Rate
• Middle Rate
• Cross Rates
• Factors affecting exchange rate fluctuations
• Major Currencies
• Fixed, Floating and Dirty Float
• Trading Terminology

Foreign Exchange Risks

• Effect of fluctuations in exchange rates: exposure and foreign exchange risk
• Exchange Rate Risk
• Interest Rate Risk
• Credit Risk
• Country Risk
• How to manage your risk

Kinds of Foreign Exchange Market

• Spot Market
• Forwards Market
• Currency Forward Swaps
• Futures Market
• Strategies using Currency Futures
• Hedging using Currency Futures
• Speculation in Currency Futures

Currency Markets in India

• Product Specification
• Uses of Currency Futures at NSE
• Membership
• Clearing, Settlement and Risk Management

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