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Freight Forwarder’s Role In Exporting

Freight Forwarder’s Role In Exporting. By J. Nathan May JAS Forwarding USA. Industry Terms for Forwarders. OTI – Ocean Transport Intermediary NVOCC – Non Vessel Operating Common Carrier IAC – Indirect Air Carriers Most are Non-Asset Based Cargo Travel Agent

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Freight Forwarder’s Role In Exporting

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  1. Freight Forwarder’s Role In Exporting By J. Nathan May JAS Forwarding USA

  2. Industry Terms for Forwarders • OTI – Ocean Transport Intermediary • NVOCC – Non Vessel Operating Common Carrier • IAC – Indirect Air Carriers • Most are Non-Asset Based • Cargo Travel Agent • Most Do Not Require Service Contracts

  3. What Are We Good For • Provide Shipment Information • Prepare Necessary Documentation • Move the Shipment

  4. Provide Shipment Information • Find Available Air/Ocean Service • Routing Capabilities (3 ports, 3 airports) • Packing Requirements • Air vs LCL vs FCL ??? • Freight Charges • Handling Fees • Port Fees • Duty Fees Etc. • *****INCOTERMS INCOTERMS INCOTERMS*****

  5. Widely Used Inco Terms • Ex Works (named place) • FOB Free on Board (named port) • CFR Cost and Freight (named dest. port) • CIF Cost, Insurance & Freight (named dest. port) • DDU Delivery Duty Unpaid (named place at dest.) • DDP Delivery Duty Paid (named place at destination) • MAKE SURE YOUR CUSTOMER UNDERSTANDS THEIR RESPONSIBLITY

  6. Prepare Necessary Documentation • SED vs. AES • AMS/ISF (Import Only…for now) • BOL - Inland • Insurance Certificate • Destination Clearance • Banking

  7. Move the Shipment • Secure Space with Air/Ocean Carrier • Make Necessary Inland Arrangements • Coordinate Inspections, Fumigations, etc. • Confirm On Board with MBL

  8. Export Shipment Process Flow Booking Request from Shipper Forwarder Confirms Space Pickup and Verification AES Filing Confirmed HAWB/HBL Created Full Pre-Alert to Shipper Shipment Arrival Shipment Available for Clearance Customs Clearance by Broker Delivery is Made

  9. Common Shipper Mistakes • Misunderstanding of Inco Terms • Forwarder is NOT Exporter of Record on Ex Works Shipments • Providing Inaccurate Shipment Information • Improper Marking/Labeling of Hazardous Materials • Not Using Heat Treated Wood for Packaging • Ignoring Export Compliance Regulations “That’s what we pay you for is not enough.”

  10. Forwarder Compensation • Shipper • Documentation and Forwarding Fees • Ocean Carrier • Brokerage (commission) • Inland Carrier • Property Brokerage • Insurance Provider • Markup of Premium

  11. The Freight Forwarder coordinates the various parties involved in the cargo movement and services provided are based upon the needs of the individual shipper. • Flexibility is Key • Communication is Key • Use Our Services to Add Value to Your Product • We are an Extension of Your Company

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