Foreign Exchange & Risk Management

1. International Bodies, Export Import Cycle, IEC Online Application, Types of Transportation, Containers and Packaging, Inco Terms and Payment Terms

• Continents, Opportunities and Myths
• International and Local Bodies
• Export - Import Cycle
• Online IEC Application Types of Transportation, Containers and Packaging
• Different type of Delivery Terms and Cost - Risk involved
• Different type of Payment Terms and Risk involved

2. Product and Market Selection & Research, Verification of Buyers and Importance of Exhibition Visits and Identifying Buyers, Communication

• Selection of Product for Export
• Importance of Product Selection and Source of Finding New Products
• Selection of Market for Export
• Importance of Market Selection and Identifying Potential Market
• Importance of Trade Fairs and Exhibition for Export Promotion 
• How to find Genuine Buyers
• Buyers Communication and Verification

3. Performa Invoice, LC, Pre and Post Shipment Documentation, GST & Custom Clearance and Documents Practical

• Importance of Performa Invoice and various aspects
• Full LC Clauses
• Pre and Post Shipment Documents and understanding its need
• GST and Custom Procedures
• How to fill Pre & Post Shipment Documents - Practical

4. Import Procedures and Documents, Risk Management & Government Benefits

• Import Documentation and procedure
• ECGC, Insurance, EEFC and Forward Contract
• Export Incentives

5. Introduction to Foreign Exchange Markets

• What is Forex?
• Market Participants
• Spot, Forward, and Futures Markets

6. Foreign Exchange Risks

• Types of FX Risks
• Impact on Business
• Economic Indicators Influencing FX Rates

7. Risk Management Tools and Strategies in Forex

• Risk Management Tools
• Hedging Strategies
• Case Studies