How to Avoid Pitfalls and Traps in International Trade
10 Insightful Cases Studies on How to Avoid Pitfalls, Tricks and Traps in International Trade
Ratings 4.52 / 5.00
What You Will 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.
Who Should Attend!
- Manufacturers, Traders, Exporters, Importers, Bankers, Insurers, Freight forwarders and carriers.
