Freight Forwarding

You are working in freight forwarding company and one of your customers (Rami trade INC) contacted to you to prepare him a Competitive Analysis Report to be Submitted to his Management Team.

Your customer is importing ______________________ (choose the product) from ____________ (choose the country).

Your assignment is to prepare the report and submit it on or before AUG 16, 2020

SUGGESTION ON HOW YOU CAN DIVIDE THE WORK

Part one (15 Marks) 1. Nominate a Manager – specify his responsibilities including the calculation of the FINAL IMPORT price and one page conclusion (executive summary) of the work involved in the exercise.

2. Each of you should be in charge for a particular function or functions (from the Table A) based on your abilities and previous work /study knowledge and experience. You do not have to choose all the functions but choose what enough to prepare the report.

Part two (5 Marks) Individual Reports: A short individual report 1 page (use the form in the assignment folder), point form, concise, NOT EMPTY words. (Please submit it in the separate assignment dropbox)

If you do not contribute to the group work, you WILL NOT RECEIVE A MARK.

The quality of the final group work report and your personal contribution will affect your final grade as follows:

Section Mark

Competitive Analysis Report: 1 – Organized, complete, professional with Introduction/Purpose, & letter of introduction, Description of each function, description of contacts and sources, recommendations & conclusions

/10

2 – Appendix 1 complete, accurate set of Import & Export Documents, Sources…

/5

3 - Individual Reports Professionalism: Introduction, grammar, spelling, contribution, teamwork problems, key learning, next steps, etc…

/5

Case Total /20%

PLAYERS IN THE IMPORT/EXPORT

BUSINESS ROLE DOCUMENTS WHAT YOU SHOULD DO

WHEN AND HOW YOU

COLLECT DATA EXPORTER Manufactures the

goods; Prepares the goods for export Pack the goods for export

Contract Prepare a clear import/ export contract

EXAMPLE Sent e-mail requesting an ExW quote price ( Include the e- mail )

FREIGHT FORWARDER Helps with the logistic of moving the goods; Contacts the carrier; Calculates the freight rate.

AWB, BL or multimodal transport documents (as per your INTL729 book); Identify a Freight Forwarding agency or agent.

Prepare the transport document BL, AWB, etc.; Prepare the BL or AWB based on the contract

CUSTOM BROKER Tariff classification; Clears the goods for customs.

Canada custom invoice; Tariff calculation and other duty and taxes

Researches the Custom Tariff Act and identifies the HS nr.

Government of Canada web page

OTHER AGENCIES WHICH NEED TO APROVE THE IMPORT OF YOUR PRODUCT TO CANADA

Issues certificates. E.g. Canada Food Inspection Agency

Food Inspection certificate (if applicable); Other quality certificates depending on your product.

Identify the specific Agency in Canada; What do you have to do to receive the approval?

Researched the import requirements for the product

BANKING Credit loans and advice about method of payment

Provides the Documentary Collection Letter

Visit a bank branch and talk with a Business Manager; If it is possible.

Called, visited

IMPORTER (Rami trade INC.)

Pays for the goods Prepare and LC application Name some potential buyers for your product

GOVERNMENT

Protect the Canadian manufacturers Trade Agreements

Licences, Quotas Research if there are special requirements