BUSINESS
ITT Exercises - Freight Transportation.pdf

4 ciffas standard trading conditions stcs govern the

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4. CIFFA’s Standard Trading Conditions (STCs) govern the relationship between the freight forwarding company and its customer. In order for the Standard Trading Conditions to be valid in court, the customer must be fully aware of the STCs. List at least 3 ways the CIFFA Member might communicate the STCs to its customers. Explain the legal complications if your customer is not aware of the CIFFA STCs.
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Questions Understanding Freight Forwarding Page | 8 2017 Exercise 1.2 (Question) 1. Freight forwarder is the party who ensures that internationally traded goods, and the data related to those goods, move from point of origin to point of destination to arrive: At the __________________________________ At the __________________________________ In _____________________________________ and At _____________________________________ 2. What kinds of regulations must a n “ architect of transportation consider in order to design the solution that best meets the customer’s needs? 3. Explain: a) How CREEEPSS works between Canada and the United States. 4. List some of the major parties involved in the movement of goods, documents, and money in international trade. 5. Why do governments, such as the Government of Canada, provide support to exporters? 6. What are the 3 general processes in an international trade transaction?
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Questions Understanding Freight Forwarding Page | 9 2017 Exercise 1.3 (Question) 1. In what city and what year was CIFFA founded? 2. What is the acronym for the French name of the parent organization of national freight forwarding associations, of which CIFFA is a member? 3. FIATA issues standardized transportation documentation for its Members. Complete the name of each of these documents: FCR: _______________________________ FCT: ________________________________ FBL: ________________________________ FWR: ________________________________ SDT: ________________________________ FWB: _________________________________ 4. Fill in the blanks of the Code of Ethics of Regular Members. The CIFFA Regular Member must discharge his duties with _________ and ________________ ; The CIFFA Regular Member pledges a ___________ __ _____________ to his client, to perform, in a __________________ , ___________ and _____________ manner, services undertaken on the client’s behalf; The Regular Member pledges to hold in _____________ ____________ all information acquired in the course of the relationship concerning the business and the affairs of his client. No such information is to be divulged unless authorized by the client, or required by law; The CIFFA Regular Member agrees to observe all relevant _____ __ ___________ regarding the movement of goods entrusted to him; and The CIFFA Regular Member owes a duty to his client, not to _________________ ___ _________________ , except for good cause, and upon appropriate notice.
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Questions Understanding Freight Forwarding Page | 10 2017 Exercise 1.4 (Question) 1. What two things must today’s freight forwarding company invest in? 2. What are some of the names/titles given to “ architects of transportation solutions? 3. In order to facilitate movement of goods around the world, the freight forwarder must understand the need for regulatory compliance. What are some of the things that are governed by regulations and legislation?
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  • Fall '18
  • Jane Smith
  • freight forwarder, Commercial item transport and distribution, CIFFA, Ocean Transportation Intermediary

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