Course 08 of 20 · Agricultural Commodities Desk Academy

Export Contracts, Documentary Execution & FX Exposure

Stage B, Execution, storage and funding. Level 4 of 10.

The export sale: trade association contract terms, the documentary set that transfers title and triggers payment, and the currency exposure the sale creates together with the instruments that hedge it.

128 chapters · 12 modules · every chapter one 8 to 10 minute explainer · builds on: Course 02, Course 05, Course 07

Enrol or enquire See the 128 chapters
How a chapter is delivered

One chapter is one idea taken to the point of use

Each chapter covers one idea to the point where you can use it, and comes two ways: a narrated explainer, and a deep dive audio discussion of around thirty minutes that works the same material at depth.

Self-paced throughout, and the same chapters can be taught as a cohort. Chapters run in order: each one assumes only what the chapters before it taught, and capability belonging to a later course is named and deferred rather than half-covered.

Curriculum

12 modules · 128 chapters

Open any module for its full chapter list, in teaching order.

M0 What an Export Sale Commits a Merchant To Ch 1-10
  1. A Parcel Sold Abroad Is Three Obligations at Once
  2. The Exporter's Seat and the Rights Running Each Way
  3. Why a Grain Export Sits on an Industry Form
  4. What a Destination Buyer and Its Bank Need Proved
  5. Which Paper Moves Title and Which Only Attests a Fact
  6. The Money Collected Abroad and the Money Paid at the Farm
  7. Everyone Who Signs Something in a Grain Export
  8. Booking Space in a Hold Against Costing a Voyage
  9. The Gap Between a Sailing and a Courier
  10. Four Failures a Grain Exporter Meets Repeatedly
M1 The Association Form and the Terms It Fixes Ch 11-20
  1. The Printed Form as an Accumulated Settlement
  2. The London Association Forms a Grain Sale Sits On
  3. A Free on Board Form Against a Cost and Freight Form
  4. Special Conditions That Override the Printed Text
  5. Which Law and Which Forum the Form Chooses
  6. North American Export Forms and a Gulf Shipment
  7. A Brazilian Soybean Sale on an Origin Form
  8. Continental Forms and a Milling Wheat Sale Into Europe
  9. Reading a Counterparty's Draft Against the Printed Form
  10. A Recap Turned Into a Binding Export Contract
M2 Quantity, Quality and Price in the Export Contract Ch 21-31
  1. Quantity With a Tolerance and Who Elects Within It
  2. Shipped Weight or Landed Weight Settles the Invoice
  3. Specification Written as Contractual Limits
  4. Allowances and Rejection Limits Inside the Clause
  5. Whose Certificate Is Final at the Load Port
  6. Price Stated Flat or as a Differential to a Board
  7. The Clause That Says When the Price Must Be Fixed
  8. The Currency and the Unit the Price Is Quoted In
  9. Payment Terms as a Printed Clause
  10. Carrying Charges Written Into the Form
  11. One Export Contract Read Clause by Clause
M3 Delivery Terms, Nomination and the Shipment Period Ch 32-41
  1. Free on Board and Cost and Freight on a Bulk Parcel
  2. Delivered Terms and the Obligations They Add
  3. The Shipment Period as the Contract's Hardest Date
  4. Nominating a Vessel Under a Free on Board Sale
  5. Accepting or Refusing the Ship That Was Named
  6. Notices the Form Requires and the Hours They Run In
  7. Appropriation: Telling the Buyer Which Parcel Is His
  8. Loading Into a Hold Rather Than a Box
  9. Part Shipments and a Contract Split Across Vessels
  10. Extending the Shipment Period and What It Costs
M4 The Bill of Lading and Title in a Bulk Parcel Ch 42-51
  1. What the Carrier Admits About Grain in a Hold
  2. The Bill of Lading as the Instrument of Title
  3. Order Bills, Straight Bills and Selling Afloat
  4. Endorsement Down a String of Grain Sellers
  5. A String That Closes on Itself
  6. Clausing and the Clean Document a Credit Demands
  7. The Date on the Face of the Bill
  8. Charterparty Bills and the Terms Drawn In
  9. Releasing a Cargo When No Original Has Arrived
  10. A Directional Audit of the Export Chain
M5 Certificates, Clearance and the Export File Ch 52-62
  1. The Invoice That Asks the Buyer for Money
  2. The Official Inspection Certificate at the Load Port
  3. The Weight Certificate and the Figure the Invoice Uses
  4. Proving Where the Grain Was Grown
  5. Phytosanitary Certification and the Importing Rule It Answers
  6. Treating a Cargo in the Hold and Proving It
  7. Declarations on Genetic Modification and Traceability
  8. The Export Declaration Lodged at Origin
  9. Registering an Export Sale Before It May Ship
  10. Marine Cover and the Document That Evidences It
  11. Assembling the File One Contract Calls For
M6 Payment Against the Export Documents Ch 63-74
  1. The Payment Clause the Form Prints
  2. Releasing Documents Only Against Cash
  3. A Collection Instruction Given to a Bank
  4. Term Credit Extended to an Importing Mill
  5. Shipping to a Long-Standing Crusher on Open Account
  6. A Bank Promise That Does Not Depend on the Grain
  7. What the Credit Demands That the Origin Cannot Supply
  8. Three Dates a Credit Imposes on a Loading Programme
  9. A Goods Description That Becomes a Condition
  10. Quantity and Amount Tolerance on a Bulk Drawing
  11. Adding a Second Bank's Undertaking
  12. From Presentation to Value Date
M7 Discrepancy, Refusal and Cure Ch 75-83
  1. The Exporter's Own Examination Before Anything Leaves
  2. Where a Bulk Grain Presentation Usually Fails
  3. One Party Named Two Ways Across Four Documents
  4. A Loaded Tonnage Three Documents State Differently
  5. The Credit That Expired While the Vessel Was at Sea
  6. What a Refusing Bank Must Say and By When
  7. Asking the Importer to Waive a Defect
  8. Reissuing a Certificate Inside the Remaining Days
  9. Taking Payment While the Bank Keeps Recourse
M8 The Money an Export Sale Is Struck In Ch 84-95
  1. Three Monies Inside One Grain Export
  2. Naming the Money the Book Reports In
  3. A Foreign Currency Receivable Read as a Long Position
  4. An Unpaid Origin Obligation Read as a Short Position
  5. Writing a Rate So It Cannot Be Inverted
  6. A Fixed Form of Words for Every Currency Row
  7. Quotation Order and the Inversion It Invites
  8. Invoicing a Destination Mill in the Buyer's Money
  9. Exposure Runs to the Day the Money Arrives
  10. An Origin Price in Local Money Computed From a Dollar Board
  11. Export Charges and Duties Settled in Origin Money
  12. Why the Covered Amount Is Never the Invoiced Amount
M9 The Cost Base and the Board in Different Monies Ch 96-107
  1. The Cost Base an Exporter Actually Pays In
  2. Freight Paid in Dollars on a Sale Priced in Euro
  3. Two Boards, Two Settlement Monies
  4. Choosing a Board and Accepting Its Currency With It
  5. The Currency Leg a Price Hedge Adds by Itself
  6. Margin Balance Rather Than Contract Notional
  7. Margin Cash Called in a Money the Desk Does Not Hold
  8. Converting a Board Price Into the Sale Money
  9. The Differential and the Money It Belongs To
  10. A Facility Drawn in One Money Funding Costs in Another
  11. Each Obligation Appearing Once on the Page
  12. The Export Sale Currency Statement, Assembled
M10 Covering the Currency Leg Ch 108-118
  1. Matching a Receipt to an Obligation in the Same Money
  2. A Single Forward Against a Single Dated Leg
  3. Carrying Cover Forward When Loading Slips
  4. A Swap as Two Exchanges on Two Dates
  5. Sizing Cover Below the Invoiced Amount
  6. Half Covered Is Still a Position
  7. An Origin Money With No Reachable Forward Market
  8. Non-Deliverable Forwards and the Fixing That Settles Them
  9. One Currency Trading at Two Different Rates
  10. A Right Rather Than an Obligation on a Currency Leg
  11. Who Rings the Bank and Who Owns the Result
M11 One Export Sale End to End, and the Limits of the File Ch 119-128
  1. One Sale, Part One: Contract Signed to Vessel Nominated
  2. One Sale, Part Two: Loading to Documents Presented
  3. One Sale, Part Three: Payment, Conversion and Settlement
  4. The Same Sale With the Weight Certificate Wrong
  5. The Sign Audit Run as Its Own Pass
  6. Vocabulary That Reverses a Row Without Looking Wrong
  7. The Smallest Control Set That Actually Works
  8. The Export Clerk's Backward Calendar
  9. What a Clean Set and a Covered Rate Still Leave Open
  10. What the Export File Hands to the Courses After It

The brochure gives each of these 128 chapters a paragraph on what it covers and what you can do once you have worked through it.

This is course 8 of twenty

It stands alone, and it is also the entry point to the Agricultural Commodities Desk Academy pathway.

Enrol or enquire See the whole pathway