Shippers' Academy training program on Jan 20

The annual training program on Customs Harmonized Commodity System better known as HS, organised by the Shippers' Academy Colombo will be held for the fifth consecutive year to educate service industry personnel in international trade.

Wherever a company or a person wants to work in an international trading environment, HS knowledge is a key tool to operate efficiently and identify products and duty structures.

The 2016 one-day Master class is open to exporters, importers, logistics professionals, bankers, lawyers, insurers, shipping industry, management trainees, new entrants to the trade and consultants in international trade

The Harmonized Commodity Code System (HS) is an international method of classifying products for trading purposes. This classification is used by Customs officials around the world to determine the duties, taxes and regulations that apply to the product under different trade agreements.

The World Customs Organisation (WCO) and International Trade Centre (ITC) modify and make many changes in the HS system. Traders and all service providers should have a close understanding of the global classification. HS knowledge will help them to break into and operate new markets.

Exporters, importers or a service organisation such as logistics, shipping, banking or insurance need to understand the correct identification of products traded. This knowledge will help companies to reduce cost, access new markets, and take corrective action on insurance and transport costs.

The certificate program will be conducted by Deputy Director of Customs, J.A.D.A Perera on Wednesday, January 20 from 8.30 a.m. - 5 p.m. at the Sri Lanka Foundation