To start working as indenting-agent one must have a good knowledge of his local

market and under standing of the buyers' need [for whom he intent to be an
arranger of certain goods or items from abroad].
On the other hand, he must be an authorized indenting agent for the supplier [duly
backed by valid agreement, stipulating his mandate and commission terms]; and is
able to play role of the anchor between supplier and the buyer to bring them on
best available negotiations and terms for sale.
On successful finalization of the deal and having arranged letter of indent from the
supplier/exporter carrying all the required terms and conditions including delivery
schedule etc., the job of indenting agent is accomplished.
He gets commission from the supplier of goods / exporter when Letter of Credit
(Elcee) is opened by the importer via his bank and payment reaches to the exporter
through banking channel of the importer matching the terms of Letter of Credit.
For regular needs of his customer, the indenting agent has to remain in liaison with
the importer to under stand future requirement and make arrangements for timely
and early supply of the materials as and when required.
Indenting-agent has also to keep him self up to date and aware of the competitive
market and comparison of all the competitive / alternative products available. For
example: quality, delivery schedule, pricing and suppliers etc.

Benefit of the Training:

1) Training changes the core skills and competencies of a person. So, it makes a
trainee to be equippedwith some more efficient and effective to do his job
perfectly.2) Training has benefited us to give more knowledge for our regular works
to do in an effective way andTrainers can earn the Foreign Currency through
Indenting Business.3) To improve skills of trainees on Export- Import-IndentingInternational Tender related jobs effectivelyand independently.4) Trainees will learn
about International Business followed by the related documents of
Banking,Commercial, Shipping, insurance and Customs.5) This is a professional
course and it will help the trainees to get the respective jobs in ExportImportOrganization, Indenting House, and many other sectors in Bangladesh and
Abroad.
Contents of Training:
1) What is Indenting Business2) Main object to do Indenting Business3) Potential
items/sectors/industries to do indenting business in Bangladesh4) Major Country


wise import in Bangladesh5) Major products

wise import in Bangladesh6) Market survey report7) Details Discuss on Pro forma
Invoice (P/I)/ Sales contract (S/C)/ Indent Copy8) What are the main points/ clauses
to be mention in the /Pro forma Invoice/Sales Contract9) Required documents for
running an Indenting House/Business10) TIN Form- ( Source NBR)11) TIN
Certificate12) BIAA Membership Form (Source- BIAA)13) BIAA Membership
Certificate14) IRC Form ( Source- CCI&E)15) IRC Certificate16) Annuxure-2 Form
( Source- AD Bank)17) How to find out a new bonafied Principal /Supplier(s)18)
Agency Agreement with the Foreign Supplier 19) Application for permission from BB
Bank for Indenting Business20) BB Permission Copy for Indenting Business21) How
to write Letter of debit note for Indenting commission

22) Tax deduction on Indenting Commission23) Basic concept & knowledge for
Indenting Business24) Required documents to opening the L/C25) Required
documents as per L/C terms and condition26) L/C amendment27) Required
documents to clear the imported goods from the Customs Authority/ C& F Agent28)
How does Letter of Credit( L/C) Process work29) Legend of import procedure30)
Responsibilities of an Indenting House
31) Indentors Functional activities (step wise)

32)Legend of Indenting business & Indentors function

33) Necessities and importance of an Indentor both Importers & Exporters34)
Opening Bank, Advising Bank, Negotiating Bank, Add Confirming Bank,
Reimbursement Bank35) Bill of Exchange (B/E), Bill of Lading( B/L), Bill of
Entry( B/E)36) Find out the costing of an imported goods37) Pre shipment inspection
companies in Bangladesh.38) Pre shipment & Post shipment Inspection39) H.S Code
and its Importance40) INCOTERMS( Ex works, FOB, CFR,--------------- etc.)41) Banking,
Shipping, Commercial Terms & Definitions42) Banking, Shipping, Commercial Terms
& Abbreviatio

Often considered synonymous with the term "buying agent," an indent agent is a
party that seeks to function as the means of connecting buyers who need certain
goods and services with sellers who have those productions and are open to
entering into some sort of transaction. In addition to bringing the two parties

together, the indent agent may also provide temporary storage facilities for the
goods in question, such as warehousing them until the terms of the transaction are
complete. The agent may also oversee the actual shipping process involved, making
sure that it is managed in whatever manner is most expedient for the parties
involved in the transaction.
While in a number of settings an indent agent may also be called a buying agent,
this is not the case in all cultures. In some places, an buying agent would be
focused on providing services to a buyer, meaning that the agent will attempt to
locate and secure goods on behalf of his or her client with the best possible
purchase price and shipping terms. Within those same settings, the ident agent
would be viewed as the representative of the seller, and would work to obtain the
highest purchase price for the client, as well as arrange shipping terms that are in
the bests interests of the seller.
Ad
An indent agent will normally provide his or services under terms and conditions
outlined in a contract. The typical indent agent contract will define the scope of
activities and tasks that the agent will oversee on the behalf of the client, address
the authorizations that the client is extending to the agent for use in performing
those tasks, and state the terms of payment during the existence of the contract.
Some agents may use a fee system that is composed of flat rates for various tasks,
or utilize a percentage or commission structure that is agreeable to both parties.
The terms of the contract between the agent and the client must be in compliance
with any governmental laws and regulations that relate to agent contracts within
that jurisdiction.
Using an ident agent can be very helpful for the client. Agents of this type often
have access to broad informational networks that the client may or may not have
the resources or the time to use to best effect. By engaging the agent to manage
the process of either locating prospective buyers for goods and services offered, or
to find vendors for products that are desired, a client can save a lot of time and
money, while also remaining free to devote more time to other important aspects of
his or her business operation.
1. Introduction:- When a business firm wants to import goods from another country
or export goods to another country a lot of legal formalities are to be completed
before sending goods or receiving goods. It is here that the businessman takes the
help of clearing and forwarding agents. Prof Alan E.Branch defines, An entity
/company responsible for undertaking export/import cargo arrangements on
clients/shippers behalf at a seaport, airport and so on. At seaport it would include
collection of freight; collection and issuing bills of lading; notification of arrival and
loading of goods; customs, import & export documentation; certificates of shipment;
arranging sorting of cargo, cold storage etc.

2. 1. A Commissionerate of Customs & Central Excise was formed at Visakhapatnam

with effect from 6.apr.1990 . 2. A separate Commissionerate of Customs was formed
at Visakhapatnam in July, 1997 . 3. The Custom House is headed by the
Commissioner of Customs. All the different functions of the Custom House are
attended to by its various departments Vishakhapatnam Import-Export, Appraising,
EDI, Cash & Accounts, Internal Audit, Docks, M.C.D., Statistics, Preventive
(Rummaging, Intelligence Unit, Warehouse, Docks ), Establishment, Vigilance,
Records etc. Vishakhapatnam Custom House
3. How clearing and forwarding of the goods is done ?
4. Bill of Lading
5. Bill of Entry
6. Documents required for Clearing and forwarding
7. Role in international trade 1.Provides strategic solutions of long distance product
sourcing and movement. 2.Provides capabilities interfaced across a range of
different transport modes. 3.Offers supply chain management solutions. 4.Delivery
and customs clearance. 5.Cargo handling and distribution management.
8. Standard Trading Conditions under clearing and forwarding agents:- 1. Usually
formulated in accordance with the commercial practice or legal system prevailing in
each country. 2.In some countries they are based on the FIATA model founded in
1926. 3.One of the essential means of improving and maintaining professional
standards of the forwarding industry. Although conditions vary from country to
country, a forwarder is expected to: a) Take reasonable care of goods entrusted to
him. b) Comply with instructions of his customer in matters.
9. Rights, duties and responsibilities of the forwarder as an agent:- As agent
forwarder generally accepts liability of: Own fault and his employees/servants.
Routing to the wrong destination. Errors during customs operations. Delivery
of goods contrary to instructions.
10. Objectives of clearing and forwarding agent:- 1.Identification of scope of agents.
2. Documents of export and import. 3.Appreciate outcomes of international
conventions and their application. 4.Identify procedures relating to clearance a
forwarding cargo in international trade. 5. Outline and illustrate the constituents of
freight rates under different transport modes.
11. Functions of clearing and forwarding agents 1.Warehousing before
transportation. 2. Local transportation 3. Container arrangement 4. Reservation of
shipping space 5. Selection of mode of transportation 6.Packaging ,marking and
labelling 7.Completing customs and port facilities. 8.Cargo insurance 9.Advicing
exporters on trade laws 10.Educating exporters 11.Coordination with other agencies
12.Processing documents 13.Other services

12. FUNCTIONS OF CLEARING AND FORWARDING AGENTS Relating to Imports

Relating to Exports (a) Managing delivery from the ports (a) Obtaining the custom
permit (b)Preparation and submission of Bill of Entry (b) Obtaining shipping order (c)
Payment of dock dues (c) Submission of shipping bill and (d) Managing custom
clearance payment (d) Payment of dock dues Of export dues. (e) Receiving mates
receipt (e) Dispatching goods by rail or road (f) Sending advice documents to the
importer (f) Obtaining Bill of Loading (g) Sending advice and other documents to the
exporter.
13. Conclusion:- The clearing and forwarding agents are essentially the
transportation experts who hold immense information associated to the actual rank
of the import and export industry. It is also well knowledgeable of the rules and
regulations that manage it. The manager is also well familiar with and fully
understands all the vital rules and regulations suitable for the procedure of
international clearance and forwarding.

How to Setup Indenting Business

Introduction

The main objective of the training program is to provide the practical knowledge to
highlight the Indenting Business in Bangladesh. Bangladesh is a developing country
and here the main growing sectors and Industries are
Garments,Pharmaceuticals,Leather,Ceramic,Plastics,Steel,Shipbuilding and many
other reputable sectors and industries. All the Industries and sectors are depends on
their raw materials from overseas countries and which are coming through import
from all over the world.

So, there is a huge scope and possibility to do Indenting Business as well as Earning
of Foreign Currency in Bangladesh. Educated & Jobless people must be benefited to
engage them in this profession and they can play a major important role for the
earning of foreign currency in Bangladesh.

Benefit of the Training:

1) Training changes the core skills and competencies of a person. So, it makes a
trainee to be equipped with some more efficient and effective to do his job perfectly.

2) Training has benefited us to give more knowledge for our regular works to do in
an effective way and Trainers can earn the Foreign Currency through Indenting
Business.
3) To improve skills of trainees on Export- Import-Indenting-International Tender
related jobs effectively and independently.
4) Trainees will learn about International Business followed by the related
documents of Banking, Commercial, Shipping, insurance and Customs.
5) This is a professional course and it will help the trainees to get the respective
jobs in Export- Import Organization, Indenting House, and many other sectors in
Bangladesh and Abroad.

Methodology

Exercise, PowerPoint Presentation, Question and answer session.

Contents of Training:

1) What is Indenting Business

2) Main object to do Indenting Business
3) Potential items/sectors/industries to do indenting business in Bangladesh
4) Major Country wise import in Bangladesh
5) Major products wise import in Bangladesh
6) Products information
7) Market survey report
8) Case studies
9) Details Discuss on Pro forma Invoice (P/I)/ Sales contract (S/C)/ Indent Copy
10) What are the main points/ clauses to be mention in the /Pro forma Invoice/Sales
Contract
11) Sources of business documents and certificate

12) Required documents for running an Indenting House/Business

13) TIN Form- ( Source NBR)
14) TIN Certificate
15) BIAA Form (Source- BIAA)
16) BIAA Membership Certificate
17) IRC Form ( Source- CCI&E)
18) IRC Certificate
19) Annuxure-2 Form ( Source- AD Bank)
20) Fees for Indenting License
21) How to source a new Principal /Supplier(s)
22) Agency Agreement with the Foreign Supplier
23) Application for permission from BB Bank for Indenting Business
24) BB Permission Copy for Indenting Business
25) How to write Letter of debit note for Indenting commission
26) Banking procedure for Indenting Commission
27) SWIFT copy for Indenting commission
28) Tax deduction on Indenting Commission
29) Basic concept & knowledge for Indenting Business
30) Basic concept on L/C
31) Common clauses in the L/C
32) Parties involved in the L/C
33) Required documents to opening the L/C
34) Required documents as per L/C terms and condition
35) L/C amendment
36) L/C payment release advise copy
37) Required documents to clear the imported goods from the Customs Authority/
C& F Agent

38) How does Letter of Credit ( L/C) Process work

39) L/C opening guideline
40) Credit report of supplier/exporter
41) SRO & LCA
42) Steps of import procedure
43) Legend of import procedure
44) SWIFT codes of Banks
45) Responsibility of Negotiating Bank
46) Shipping Documents (Full set)
47) Shipping Lines & Foreign Banks
48) Responsibilities/ functions of an Indenting House
49) Indentors Functional activities (step wise)
50) Legend of Indenting business & Indentors function
51) Necessities and importance of an Indentor both Importers & Exporters
52) Opening Bank, Advising Bank, Negotiating Bank, Add Confirming Bank,
Reimbursement Bank
53) Bill of Exchange (B/E), Bill of Lading ( B/L), Bill of Entry( B/E),
54) Customs duty structure (2012-2013)
55) What types of Taxes are imposed of imported goods
56) Calculation of Tax, Duty, Vat etc of imported Goods
57) Practical exercise on customs Duty, Vat, AIT, ATV etc.
58) Calculation of landed cost of importable items.
59) Find out the costing of an imported goods
60) Pre shipment inspection (PSI) companies in Bangladesh
61) Pre shipment & Post shipment Inspection
62) H.S Code and its Importance
63) INCOTERMS ( Ex works, FOB, CFR,--------------- etc.) for International Business

64) Banking, Shipping, Commercial Terms & Definitions

65) Banking, Shipping, Commercial Terms & Abbreviations
66) Open discussion, Question and Answers
67) Revision
68) Certificate Distribution
Email Training Info Share on Facebook