BUSINESS
ITT Exercises - Freight Transportation.pdf

Answers understanding freight forwarding exercise 12

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Answers Understanding Freight Forwarding Page | 12 2017 Exercise 1.2 (Answer) 1. The 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 right place At the right time In good order and condition At the most economic cost. 2. What kinds of regulations must an architect of transportation consider in order to design the solution that best meets the customer’s needs? International maritime law Cargo insurance Customs environments Cargo security legislation, and Understanding of international trade. 3. Explain: a) How CREEEPSS works between Canada and the United States. Culture, religion, education, economy, environment, politics, social characteristics and special characteristics between Canada and the U.S.A. are the same making trade between the 2 nations easier. As opposed to, for example, CREEEPSS between Canada and North Korea which is on the Area Control List. 4. List some of the major parties involved in the movement of goods, documents, and money in international trade. The exporter The importer The freight forwarder The carrier The bank(s) The government(s), and The customs broker.
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Answers Understanding Freight Forwarding Page | 13 2017 5. Why do governments, such as the Government of Canada, provide support to exporters? Exports create jobs Exports bring wealth into a country, and Exports help with the balance of payments. 6. What are the 3 general processes in an international trade transaction? Buyer and seller: Negotiating the sales contract Forwarder and carrier: Moving the goods and information, and Forwarder and customs broker: Customs clearance and delivery.
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Answers Understanding Freight Forwarding Page | 14 2017 Exercise 1.3 (Answer) 1. In what city and what year was CIFFA founded? The Association was founded in Montreal in September, 1948. 2. What is the acronym for the French name of the parent organization of national freight forwarding associations, of which CIFFA is a member? FIATA 3. FIATA issues standardized transportation documentation for its Members. Complete the name of each of these documents: FCR: Forwarders Certificate of Receipt FCT: Forwarders Certificate of Transport FBL: Multimodal Transport Bill of Lading FWR: FIATA Warehouse Receipt SDT: Shippers Declaration for the Transport of Dangerous Goods FWB: Non-Negotiable FIATA Multimodal Transport Waybill. 4. Fill in the blanks of the Code of Ethics of Regular Members. The CIFFA Regular Member must discharge his duties with honesty and integrity; The CIFFA Regular Member pledges a standard of competence to his client, to perform, in a conscientious, diligent and efficient manner, services undertaken on the client’s behalf; The Regular Member pledges to hold in strict confidence, 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
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  • Fall '18
  • Jane Smith
  • freight forwarder, Commercial item transport and distribution, CIFFA, Ocean Transportation Intermediary

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