BUSINESS
ITT Exercises - Freight Transportation.pdf

Movement currency charge rate basis wtmeaval payment

Info icon This preview shows pages 144–147. Sign up to view the full content.

Movement Currency Charge Rate Basis WT/MEA/VAL Payment Amount Place and Date of Issue: Freight Payable at: Number of original Bs/l: Total Freight Prepaid Total Freight Collect Total Freight Signature by Carrier or Agent
Image of page 144

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Questions Ocean Freight Page | 145 2017 Exercise 5.10 (Question) Consolidations - Preface Consolidation is the so- called “ bread and butter of freight forwarders’ revenue. Essentially, the forwarder will combine freight from 2 or more of his customers and load the cargo into a container, and ship to their office or agent at destination. The destination agent will de-consolidate the freight and move the goods to the respective consignees. You have to determine what size and how many containers you will need. In consolidations, the cargo is not uniform. One customer might have loose cartons, while another might have all pallets. This is when stowage becomes tricky. There is no one magical equation to solve this. You should try to visualize the freight and how it might piece together. Making a drawing always helps. Estimating container size is the best way to start and it will “point you in the right direction . When you have estimated what the container size requirements are, you then determine how all the cargo will be loaded, and if it indeed fits your estimate. There are different documents required when “putting together a consol . You will require a master bill of lading for the container move, accompanied by a cargo manifest outlining the contents of the container, as well as forwarders bills of lading, or NVO bills of lading for each shipment loaded into the container.
Image of page 145
Questions Ocean Freight Page | 146 2017 Consolidation Question In this question, you have 2 customers who each have cargo to Valparaiso. Different shippers, different consignees. All details are given below. As the consolidator, your task is to: 1. Pick up the goods from the sellers warehouses and load the cargo into your consolidated container at your Mississauga warehouse. You need to determine the number and type of containers you will need? 2. Complete all required documentation for this “consol. Box. You may make up a name for your agent in Chile, as well as any inland carriers or ocean carriers. (Vessel, Voyage). You are picking up the following goods from: Shipper #1 Consignee #1 Ontario Baby Supplies Ltd. Bebes R Ci S.A. 147 Queen St. Brampton, ON, 134 Norde Calle M5R 2S4 Valparaiso, Chile Shipment details: 1,200 cartons of baby formula The dimensions of each carton are 18 in x 12 in x 12 in The weight of each carton is 30 lb Terms of trade: CPT Valparaiso, Incoterms ® 2010. Shipper #2 Consignee #2 Paper Recyclers Inc. Zapata Importers S.A. 468 North Drive, Mississauga, ON Valparaiso, Chile L3T 5S1 Shipment details: 1,000 cartons of toilet paper The dimensions of each carton are 24 in x 18 in x 18 in The weight of each carton is 12 lb Terms of trade: FCA Paper Recyclers, CIFFA Forwarder, Incoterms ® 2010.
Image of page 146

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Image of page 147
This is the end of the preview. Sign up to access the rest of the document.
  • Fall '18
  • Jane Smith
  • freight forwarder, Commercial item transport and distribution, CIFFA, Ocean Transportation Intermediary

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern