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    Essentials of Freight Forwarding

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    ManpreetKaur
    Freight forwarding involves coordinating the shipment of goods between locations via multiple carriers. Key documents involved include the bill of lading, commercial invoice, certificate of origin, export packing list, and import permits. These documents provide important shipping details, identify goods and their origin, and authorize import/export of controlled items.

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    Essentials of Freight Forwarding

    Uploaded by

    ManpreetKaur
    869 views15 pages
    Freight forwarding involves coordinating the shipment of goods between locations via multiple carriers. Key documents involved include the bill of lading, commercial invoice, certificate of origin, export packing list, and import permits. These documents provide important shipping details, identify goods and their origin, and authorize import/export of controlled items.

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    Freight forwarding involves coordinating the shipment of goods between locations via multiple carriers. Key documents involved include the bill of lading, commercial invoice, certificate of origin, export packing list, and import permits. These documents provide important shipping details, identify goods and their origin, and authorize import/export of controlled items.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    869 views15 pages

    Essentials of Freight Forwarding

    Uploaded by

    ManpreetKaur
    Freight forwarding involves coordinating the shipment of goods between locations via multiple carriers. Key documents involved include the bill of lading, commercial invoice, certificate of origin, export packing list, and import permits. These documents provide important shipping details, identify goods and their origin, and authorize import/export of controlled items.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 15

    Essentials of Freight Forwarding

    Freight Forwarding
    • A service used by companies that deal in
    international or multinational import and
    export.
    • Services guarantee that products will get to
    the proper destination by an agreed upon
    date, and in good condition.
    Freight forwarding is the coordination
    and shipment of goods from one place to
    another via a single or multiple carriers
    via air, marine, rail or highway.
    Major Documents
    • Bill of Lading (BOL) – This is a contract between the owner
    of the goods and the carrier.
    Bill Of Lading Includes:
    • Shipper name and address
    • Consignee name and address
    • Notify Party name and address
    • Carrier Information
    • Place of Departure
    • Port of Loading
    • Destination
    • Cargo information - cargo description, weight, etc.
    • Classification of the commodity
    • Commercial Invoice – The invoice is the bill for
    the goods, presented from the seller to the
    buyer, often used to determine the true value
    of goods when assessing the amount of
    customs duty.
    • Certificate of Origin (COO) – This signed
    statement identifies the origin of the export
    item.
    • Inspection Certificate – This document may
    be required by the customer to certify that
    the goods have been inspected and/or tested
    and the quality of the goods is deemed
    acceptable.
    • Export License – This license is a government
    document that authorizes the export of goods
    in specific quantities to a specific destination.
    "Software, aircraft parts and guidance
    systems are examples of exports that may
    require a license."
    • Export Packing List – This detailed packing list
    itemizes each item in the shipment, the type
    of packaging container used, as well as gross
    weight and package measurements.
    Importance of the ‘Packing List”
    • count of the product being released and
    shipped to the buyer's facility.
    • identifies detail required for a certificate of
    origin.
    • provides the detail required by the law for the
    Electronic Export Information filing in the
    Automated Export System (AES).
    • supports issuance of a Material Safety Data
    Sheet if the goods are deemed hazardous.
    • It is used to create a booking with the international carrier and
    subsequently the issuance of the international bill of lading.

    • The importer's customs broker will use it to enter the goods into their
    country as it contains required detail.

    • In the event of loss or damage to the goods while en-route, it becomes a


    document that will be used to support an insurance claim.

    • It provides the buyer with the ability to accurately tally the product that
    they receive, and subsequently reimburse the exporter (seller) of the
    goods.
    The Basis of Export Controls
    • The Export Control List identifies specific
    goods and technology that are controlled for
    export from Canada to other countries,
    regardless of their means of delivery
    (including, for example, shipment of goods,
    electronic transfer or transmission of
    information, provision of technical or
    consulting services, etc.).
    • www.exportcontrols.gc.ca.
    Objectives of Export Controls
    • do not cause harm to Canada and its allies;
    • do not undermine national or international security;
    • do not contribute to national or regional conflicts or
    instability;
    • do not contribute to the development of nuclear,
    biological or chemical weapons of mass destruction, or
    of their delivery systems;
    • are not used to commit human rights violations
    • are consistent with existing economic sanctions’
    provisions
    IMPORT PERMITS
    • Permit that allows an importer to bring in a specified
    quantity of certain goods during a specified period
    (usually one year).
    • Import licenses are employed
    • (1) as means of restricting outflow of foreign currency
    to improve a country's balance of payments position;
    • (2) to control entry of dangerous items such as
    explosives, firearms, and certain substances;
    • (3) to protect the domestic industry from foreign
    competition.
    Purpose of an ‘Import Permit’
    • An Import Permit authorizes the import into
    Canada of certain goods that are controlled on
    the Import Control List and must be presented to
    Border Services Officers of the Canada Border
    Services Agency at the time of import.
    • Certain military goods and firearms are controlled
    by paragraphs 70-73 and 91. Chemical Weapons
    Convention items are controlled by paragraph 74
    of the Import Control List

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