Basics of Export and Export transactions

Mastering Export Transactions: Navigating International Trade and Finance in the Foreign Exchange Market

Created by: Somasekhar Vuppuladhadiam
Banker | Corporate Trainer | Author | Content Consultant

What Will I Learn?

• Basic concepts relating to Exports viz., Export of goods, export of services, and export of Software.
• Foreign Trade Policy - Importers Exporters Code Certificate, Prohibited list of goods, Freely exportable goods, Categories of exporters
• INCO 2020 - International Commercial Terms and International Payment Terms
• Process flow of Exports - Advance remittances, Open account, Documentary Collections, Documentary Credits
• Regulatory guidelines pertaining to Exports
• Basic concepts in Export Finance: Pre-shipment finance and Post-shipment finance, and the related guidelines

Requirements

• Basic understanding of the Banking functions
• Basic knowledge on the International Financial aspects
• 1-2 years of experience in Banking
• 3-6 months experience in handling International Finance and Foreign Exchange transactions, especially, Exports, would be an advantage.

Target audience

• Students pursuing Post Graduation with specialization in Finance and aspiring to enhance their understanding in International Finance
• Practicing Chartered Accountants doing concurrent audit of Banks and Large/Mid Corporates
• Bankers aspiring to make a career in International Trade and Foreign Exchange
• Exporters, before dealing with the overseas buyers, aspiring to understand the basic tenets of Exports