ColonelIron7801
Scenario You are a graduate from Centennial College. Your…
Scenario
You are a graduate from Centennial College. Your Graduation from Global and International Business Management is a proof that you worked hard, and you are confident that a great future is waiting for you.You received an e-mail from an old Professor whois consulting for Ashton Kucher and Mila Kunis whohave pledged to export the following:
14 Skids of Humanitarian Aid for refugees of Ukraineweighing 36 tonnes and having dimensions of 40″ x 48″ x 62″ high having a value of CAD$3M
You are to choose a neighbouring countryand deliver the goods to the Red Cross at the most appropriate EXACT location (i.e.the specific delivery address in Moldova, Poland, Hungary, Czech Republic, Slovakia,etc) adjacent to Ukraine but not into the war zone. Please justify your location decision based on the best possible routing and the maximum number of civilian refugees who would benefit. Also, please research the most appropriate types of goods that would make the greatest impact and justify that decision.
In order to convinceyou former Professor and his managers that you are a suitable freight ForwardingCompany andthat you have a team that is capable of handling the job, he asks you for a Sales Presentation and Team Report to be Submitted to his Management Team. You have a short period to get everything done so you need to get started now.
With the knowledge acquired at Centennial, your understanding of Canadian and International Logistics, the desire to succeed in the business field,and a network ofCentennial colleagues (team size fixed maximum 6 students! (don’t ask).You must finalize your teams by the end of week 2 (or you will be automatically enrolled in a team).
You accept the challenge.Success here holdsthe key your career and you are in control. To get you started, yourformer Freight ForwardingProfessor offered to help you andprepared the following spreadsheet:
A CHECKLIST WITH
THE IMPORT/EXPORT TRANSACTION PARTNERS AND THEIR ROLE
PLAYERS IN THE IMPORT/EXPORT BUSINESS ROLE EXAMPLE DOCUMENTS WHAT YOUR TEAMSHOULD DO WHEN AND HOW YOU COLLECT DATA
SELLER/SHIPPER EXPORTER (your professor)
Product Distributor;
Attend/assess your presentation, assess your proposal,
Prepares, packages & labels the goods for export
Identify a suitable CIFFA Freight Forwarder
All documentation to be completed by the seller’s agent (below), SLI
Sign a clear sales contract, Invoice
Market Research, Product Development
Storage and Warehousing needs
BUYER/
IMPORTER
Receive Good Quality Goods on time and in good condition RFP, Prepare a clear sales contract Research the Role
Send a request for quote (RFQ)
(include the e-mail )
SELLER’S AGENT (FREIGHT FORWARDER,
CUSTOMS BROKER& BONDED WAREHOUSE)
(your team)
Find the best the carriers;
Calculates the freight rates.
Arranges Insurance
HS Tariff classification;
Clears the goods for customs.
Where you will store the goods, tariff deferral
Quotation, Sales Presentation, Import/Export Business Licence, Commercial Invoice, Export Permit, Export Declaration…
Letters of Introduction, marketing materials
AWB, BL or multimodal transport documents
Insurance Certificate…
Warehouse receipt
Prepare an introduction letter, quotation, transport document(s)
Identify HS code and put it in the documents
Research the warehousing needs and explain what service is needed
CIFFA site, membership
EXPORT REGULATORS &
AGENTS
Regulators who you contact issue food inspection certificates, CofO,
Quality, Export Permit
CofO, Export Permit,Inspection certificate, other certifications depending on your product and the terms of the letter of credit
Identify the specific
Foreign agenciesto receive import approval
Research the export requirements for the product
BANKER Financial Institution(s) to arranges credit, loans and advice about payment method
Provides the Letter of Credit, Credit Insurance
Contact a bank branch,(or BDC and EDC) talk with a Business Manager; Call, visit
IMPORT REGULATORS &
AGENTS
Protectionism(local manufacturers/jobs), policies,
Trade Agreements
Import Permits, consular invoices, all documentary requirementsfor import, import customs broker
Identify the specific
Agencies in country to receive export approval
MIGRAS, gov’t website
ANY OTHER PARTIES (depends on your product) and should be included above.
