BUSINESS
ITT Exercises - Freight Transportation.pdf

No such information is to be divulged unless

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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 laws of Canada regarding the movement of goods entrusted to him; and The CIFFA Regular Member owes a duty to his client, not to withdraw his services, except for good cause, and upon appropriate notice.
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Answers Understanding Freight Forwarding Page | 15 2017 Exercise 1.4 (Answer) 1. What two things must today’s freight forwarding company invest in? Knowledgeable employees, and Information systems. 2. What are some of the names/titles given to “ architects of transportation solutions? Global logistics provider International freight forwarder Third party service provider Transportation intermediary. 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? Cargo security Advance commercial information Export declarations Import customs clearance. 4. What are some of the risks which are particularly associated with the movement of goods? Loss, damage and delay. 5. Why does a freight forwarding company require a network with solid representation at destination? For unloading and deconsolidation of ocean export consolidations For receiving payment on charges collect For arranging local delivery and offer inbound consolidation. 6. Why does a freight forwarding company require a network with solid representation at origin? To arrange and pay for pick-up overseas To make sales To offer inbound ocean consolidation service.
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Answers Understanding Freight Forwarding Page | 16 2017 7. What are some of the controllable aspects of a new market that the exporter may have control over? The selling price The product development The distribution (place) The promotion. 8. What are some of the standards and requirements a Canadian importer must consider to ensure goods are suitable for the domestic market? Packaging Electrical goods must be CSA or UL Marks and labels such as country of origin. 9. What three governments will have an interest in an international transaction? Government of the origin country, transit country and destination country. 10. When buyers and sellers negotiate an international contract, what two very important terms must be considered? 1 . Terms of payment: how and when the buyer pays the seller 2. Terms of delivery (INCOTERMS): the risk, responsibility, and cost for shipping the goods.
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Questions Transportation Geography Page | 17 2017 Exercise 2.1 (Question) 1. On the map below, indicate the top 10 key gateway cargo airports, beside each letter.
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Questions Transportation Geography Page | 18 2017 2.
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  • Fall '18
  • Jane Smith
  • freight forwarder, Commercial item transport and distribution, CIFFA, Ocean Transportation Intermediary

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