Import/Export Contract and International Trade Practices

Course Date:
1 to 2 Nov 2021

Registration Period:
4 May 2021 to 18 Oct 2021

Duration:
14 hours / 2 days

Time:
9:00am to 5:00pm

Mode of Training:
Facilitated Learning (F2F)

Venue:
Singapore Polytechnic


Course Objective
This course will develop and extend your knowledge of the contractual terms in details and how to apply them in a practical manner. You will learn how to use the terms to your advantage. You will also understand the rights and obligations of the buyer and seller. This course will show you how usage of contractual terms can be a powerful tool in your international business dealing.


Course Outline 

1. Basic Law of Contract * What is a valid contract? * Conditions for offer and acceptance * Vitiating elements in a contract * What constitute a breach of contract?

2. Incoterms 2020 * Meaning of EXW, FCA, FOB, CFR, CIF, etc * Understanding the obligations of buyer and seller * Incorporation of the trade terms into contract

3. Shipping Documents * Understanding B/L and AWB and its implications * Operation of invoice and packing list * Certificate of origin and inspection

4. Payment Conditions * Open account and advance payment *Applications of DA and DP * Step-by-Step operation of L/C *Irrevocable L/C

5. Understanding UN-CISG * Scope of application * How a contract is formed? * Rules concerning the Sales of goods * Remedies of buyer and seller

6. ICC contract model * Specific and general condition of the contract * Meaning of title and limitations of liability * How disputes are settled in international trade * How to apply the Force majeure clause


Suitable for

Shipping personnel, sales & marketing staff, freight forwarder, banker, trader, importer/exporter, businessman, purchaser, and those keen in upgrading their knowledge in international trade.


Minimum Entry Requirements / Assumed Skills and Knowledge

There are no minimum requirements for this course.


Award / Certification / Accreditation

• Certificate of Attendance (electronic Certificate will be issued)
A Certificate of Attendance will be awarded to participants who meet at least 75% attendance rate

Applicants/EligibilityTotal fees (incl. GST)
Singapore Citizens aged 40 and above1$48.40
Singapore Citizens aged below 40$128.40
Singapore Permanent Residents
$128.40
SME-sponsored Singapore Citizens and Permanent Residents2$48.40
Full Course Fee$428.00
Singaporeans aged 25 years and above may use **SkillsFuture Credit balance to offset respective course fees.

1Under the SkillsFuture Mid-career Enhanced Subsidy. For more information, visit the SkillsFuture website here
2 Under the Enhanced Training Support for Small & Medium Enterprises (SMEs) Scheme. For more information of the scheme, click here. To view SP’s list of similar funded courses, click here. Please submit the attached “Declaration Form for Enhanced Training Support Scheme for SME” together with your online application.

Funding Incentives

Please click here for more information on funding incentives.


Register Here

Eligible for SkillsFuture Credit
Terms and Conditions

*Please note that once the maximum class size is reached, the online registration will be closed.
You may register your interest, and would be notified if there is new run.

Application Procedure

1. All applications must be made via Online Registration at www.pace.sp.edu.sg
Course fees can be paid by the following payment modes:

a) Credit Cards, Internet Banking, NETS (Not Applicable for company sponsored)
For e-payment using Visa/Master cards and Internet Banking, please click on the ‘Make e-Payment’ button on the acknowledgement page to proceed.

b) For NETS payment, you can pay at:
Singapore Polytechnic
PACE Academy

c) For payment via PayNow, please enter the UEN No. T08GB0056ACET and indicate the invoice/registration number. 

*With effect from 1 August 2021, cheque payment will not be available.

2. All successful applicants will be notified with a letter of confirmation via email.

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