Term
| What are the things that you should be aware of when shipping a product overseas? |
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Definition
-packing
-labeling
-documentation
-insurance requirements and regulations |
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Term
| International freight forwarder |
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Definition
| Agent for moving cargo overseas, familiar with import and export rules, methods of shipping documentation |
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Term
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Definition
| Individual or company licensed to transact customs business |
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Term
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Definition
-covers air freight shipments
-can never be made in negotiable form |
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Term
Bill of lading
-Straight
-Negotiable |
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Definition
Contract between owner of goods and carrier
-straight: not negotiable and does not give title to goods
-negotiable: can be sought, sold, or traded while the goods are in transit |
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Term
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Definition
| same as negotiable bill of lading |
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Term
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Definition
-bill of goods from seller to buyer
-govnt's determine value of goods when assessing customs duties |
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Term
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Definition
| signed statement on origin of item |
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Term
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Definition
| confirms the specs of goods shipped |
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Term
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Definition
| transfers accountability (domestic carrier to overseas carrier) |
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Term
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Definition
| same as warehouse receipt |
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Term
| Destination control statement |
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Definition
| appears on commercial invoice notifying carrier that the item can be exported only to certain destinations |
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Term
| Shipper’s Export Declaration |
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Definition
-controls exports
-source document for official US export statistics |
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Term
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Definition
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Term
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Definition
-itemizes material package
-indicates type of package |
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Term
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Definition
-describes products for customs
-represent general categories of goods
-recognize by 179 countries (98% of world trade) |
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Term
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Definition
| movement of goods through multiple forms of transit |
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Term
| How do freight forwarders help exporters? |
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Definition
advising on
-freight costs
-port charges
-consular fees
-costs of special documentation
-insurance costs
-freight forwarders own handling fees |
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Term
| How do customs brokers help exporters? |
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Definition
-entry of merchandise
-merchandise classification
-payment of duties, taxes, or other charges
-refund, rebate, or drawback of those charges |
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Term
| What are the potential packaging problems? |
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Definition
-breakage
-moisture
-pilferage
-excess weight |
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Term
| What are the guidelines for proper packaging? |
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Definition
-strong containers
-weight is evenly distributed
-use of pallets, straps, seals, shrink wrap
-moisture-resistent material
-avoid writing contents |
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Term
| What are the popular methods of shipment? |
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Definition
| -containers from carriers or private leasing companies |
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Term
| What are the air shipment requirements? |
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Definition
-less heavy
-standard domestic packaging
-costs determined by volume and weight |
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Term
| What are the purposes of proper labeling? |
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Definition
-meets shipping regulations
-ensures proper handling
-conceals identity of contents
-helps receivers identify shipments
-ensures compliance with environmental safety standars |
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Term
| What are the markings put on the cartons to be shipped? |
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Definition
-shippers mark
-country of origin
-weight
-# of packages and size
-handling marks
-cautionary markings
-port of entry
-labels of hazardous material |
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Term
| What are the factors to consider for shipping method? |
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Definition
-cost
-delivery schedule
-accessibility |
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Term
| What are the characteristics of international shipping companies? |
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Definition
-bulk freight
-assist in documentation
-warehousing in foreign market
-payment collection |
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Term
| What does marine cargo insurance cover? |
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Definition
-loss
-damage
-delay in transit |
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