This document outlines the schedule and content for a 3-day trade finance certificate course taking place in Peshawar, Pakistan in late March. Day 1 covers export rules, regulations, forms, and methods of payment. Day 2 focuses on import modes of transactions, letters of credit, and forms. Day 3 discusses inward and outward remittances, restrictions, and cancellations. Topics include exports, imports, payments, collections, permits, and private accounts. The course aims to provide an overview of Pakistan's trade finance laws and procedures.
This document outlines the schedule and content for a 3-day trade finance certificate course taking place in Peshawar, Pakistan in late March. Day 1 covers export rules, regulations, forms, and methods of payment. Day 2 focuses on import modes of transactions, letters of credit, and forms. Day 3 discusses inward and outward remittances, restrictions, and cancellations. Topics include exports, imports, payments, collections, permits, and private accounts. The course aims to provide an overview of Pakistan's trade finance laws and procedures.
This document outlines the schedule and content for a 3-day trade finance certificate course taking place in Peshawar, Pakistan in late March. Day 1 covers export rules, regulations, forms, and methods of payment. Day 2 focuses on import modes of transactions, letters of credit, and forms. Day 3 discusses inward and outward remittances, restrictions, and cancellations. Topics include exports, imports, payments, collections, permits, and private accounts. The course aims to provide an overview of Pakistan's trade finance laws and procedures.
Rules and Regulations FERA 1947. FEM 2002. FEC, FECL. Trade Policy. Modes of Transaction Advance Payment. L/C. DA. DP. FORM E & GDF Primary and Distribution of E-Forms. Maintenance of Party wise Record. 14 Days & 21 days rule. When to issue NOC for the transport document. Need for GDF verification. Pre Certification formalities of E-Forms by Authorized Dealers. Advance Payment MT 103 regulatory requirement. Information required in the Advance Payment voucher. Reporting and permission of shipment after one year. Regulations and reporting of unauthorized AP. Shipping Documents surrendered after shipment along with triplicate Form E. AP Voucher endorsement. Extension in the period. Advance payment Tendered by Buyer in Person. Endorsement of Shipping Documents by Authorized Dealers against Advance payment. Exports to Afghanistan against advance payment. Methods and Period of Payment 180/270 days usance. Retention period of Export Proceeds. Extension in realizations time period. Short Shipments. Rejections /non acceptance of goods by the buyers. Call back of exported goods. Re-export of imported goods. Collections Direct dispatch of shipping document in favor of the Importer. Change of Sales Terms/ Change of Sales Terms/ Issuance of PRC/duplicate PRC.
DAY 02 (Module 02) IMPORTS
Modes of Transaction Advance Payment. L/C, DA, DP. Open Account. Registration of Importers/ Inco terms. Mode of Payment for Importers L/C against firm contract. Opening / Extension in L/C. Change in time period/change in beneficiary. Amendment in L/C/ Terms of L/C Opening. Imports of ships for scraping. L/C for shipment by country crafts. Remittances in Excess. Types of L/C not to be Opened Clean. Revolving. Transferrable. Israel is completed banned. Imports on the Basis of Registration Procedure/Documents/On Invoice/ On Usance. Imports by Public Sector Procedure/Documents. Various Remittance Bank Charges. Dishonored Bills. in violation of ITC. General Authority against import. Collection of Freight on Import on FOB in Private Sector Procedure/Documents. Collection of Freight on Import on FOB in Public Sector Procedure/Documents. Advance Payment Early instructions. Amendments. Existing Instructions. FORM I & GDF Printing and Distribution/Reporting. Miscellaneous Rate of Commission/ACU Mechanism/Discrepancy/ Three way mechanism. DAY 03 (Module 03) INWARD AND OUTWARD REMITTANCES Inward & Outward Remittances Definition/M.T/T.T/Draft/T.C/B.E/C.N. Debit of Nonresident PKR accounts. Restrictions On Receipt from aboard. Foreign Exchange. Nonresident PKR accounts. Re-imbursement in FX. Effecting Remittances against Permits Remittances subject to report on M-Forms. Endorsement on back of permit indicates date and amount. Exhausted permits along with M-Forms for SBP inspection. Period of validity of permit. Cancellation of Onward Remittances All Remittances reported to SBP treated as cancelled. Non-availability of beneficiary. Utilization of FX for the purpose of its Issuance. Commercial Remittances (Other than Import) Remittances of surplus freight. General Average Payment. Opening Expenses of Pakistani Shipping Companies/Airlines. (New Client segment). Charter of foreign ship/aircraft. (New client segment). Export Claims (8 Types). Guarantee for payment claim. Remittances of Royalties /Franchise/Technical Fee. Technical service /Consultancy agreement and engagement of foreign technician. Remittances by Information Technology. Remittances by profits by foreign banks/companies. Payment of dividend to non resident shareholders. Payment of foreign articles in Pakistani Newspapers & Magazines. Advertisement in news papers & Magazines abroad. Bank charges and Sundries/ Purchase of tender from abroad. Private Remittances Transfer of assets foreign national retiring from Pakistan. Sales of Imported Vehicles. Family remittances facilities by employees. Issuances of permits by AD. Family remittances facilities by self employed. Subscriptions to foreign magazines, periodicals and purchase of learned /technical books. Membership fee of educational, technical, professional & scientific institutions. Correspondence course fee. Fee for appearing in different examination abroad. Method of reporting the remittances allowing by AD. Private FCY Account (Good form CPEC Perspective) Opening of Foreign Currency Accounts with Banks in Pakistan Different Schemes for Foreign Currency Accounts. State Banks Forward Cover Scheme. Acceptance of Deposits from foreign banks operating abroad and overseas branches. Payments of subsidy on account of interest differential. F.E. 25 Schemes. Special Foreign Currency Accounts of Private Power Projects. Special permission for Foreign Currency Accounts. General permission for Maintenance of Accounts abroad by Residential Pakistanis. Reporting of receipts into and payments from foreign currency accounts. Reporting of local disbursements from foreign currency account. Reporting of interest on foreign currency accounts. Surrender of Foreign Exchange. Payments by Foreign Nationals in Foreign Currencies. Foreign Exchange received by Residents in Pakistan SWIFT Introduction to Swift./ Guidelines/How to avoid frauds in SWIFT