About the course

It’s usually quite overwhelming for any person entering the freight forwarding industry to get to terms with the exciting yet challenging processes and cycles. In order to maximize capacity and make sure output functions are effective & efficient, it is important that the employee understands the foundation and the heartbeat of the business first.

Key outcomes

• Basic freight jargon
  
  • Understanding mode specific jargon and industry terminology.
  • Being able to identify terminology in different scenarios
• Global trade environment & geography
  
  • Understanding trade as part of the supply chain, trade blocs, trade areas, trade agreements and importance of trade
  • economic impact of developing countries, landlocked countries, trade partners with SA, analysing the import & exports cycle & geography principles
  • Geographical principles, time zones, cultures, economy, country codes and practical
    map work to understand routings and transits.
• Imports & Exports Cycle
  
  • Through a visual floor puzzle, looking at the imports & exports cycle in terms of start
    of the process, role players involved, documentation involved and where exports &
    imports integrate.
  • Process mapping a typical shipment through information, documentation and cargo process.
  • Focusing on different payment methods (cash in advance, open account, sight drafts,
    bills of exchange, documentary credit) and focusing on the process of a letter of credit.
  • Understanding foreign exchange contracts and the different rates being bought and sold from the bank
• Moving Cargo
  
  • Looking at ocean freight, air freight and road freight as modes of transport. Focusing
    on documentation, types of carriers, chargeable weight calculations, containerization,
    types of services and common charges of all modes.
  • Weight, volume and load restrictions of all modes, transport documentation and consolidating cargo
  • Being able to consult with client on choosing the correct mode of transport
  • Looking at different containerization, specification of packing, packaging, marking andlabeling.
  • Basic overview of hazardous cargo classes, packing groups, UN numbers and documentation required.
• Incoterms
  
  • Looking at cost, risk & control for the buyer and seller with regards to customs clearance, delivery obligations, VAT implications, mode of transport, importance of wording and where the freight forwarder fits in.
  • focusing on costs involved with every incoterm & understanding what every price & costing includes
  • building a billing sheet through a case study
• Marine Insurance
  
  • Understanding the basics of marine insurance, calculation of premiums, the different institute clauses and insurance terminology
  • understanding the concept of insurance, claims procedures and segregation of hazardous
• Customs
  
  • The role of customs and understanding the different sections and schedules. Looking at different types of duties, entry types, harmonized system & codes, calculation of duties and customs VAT.
  • understanding customs schedules, tariffing a product, rebates, refunds, drawbacks, ad valorem and the state & bonded warehouse)

Ideal candidate

Any person already working within the freight environment, wanting to better understand trade, liability, cost and control, insurance and customs procedures.

Duration

5 Days

Unit Standards

252429 - Explain the concept of trade
Level 3 Cedits 6