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How to ship your products Internationally. Air Ocean Truck. Who can help you to ship ?. Airlines Ocean Carriers Truckers Freight Forwarders. What is a freight forwarder. Travel agent for cargo Middleman between Exporters & Importers
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How to ship your products Internationally • Air • Ocean • Truck www.ifscargo.com
Who can help you to ship ? • Airlines • Ocean Carriers • Truckers • Freight Forwarders www.ifscargo.com
What is a freight forwarder • Travel agent for cargo • Middleman between Exporters & Importers • An agent acting on behalf of the exporter (or importer) to move the cargo from point “A” to Point “B” www.ifscargo.com
What documentation do you need to ship internationally • Commercial invoice • Packing list • Bill of Lading www.ifscargo.com
SOME OF INCO TERMS 2000 International Commercial Terms 2000 • EXW Ex-Works (named place) • FCA Free Carrier (named place) • FOB Free On Board (named place) • CFR Cost And Freight (named port) • CIF Cost Insurance Freight (named port) • DDU Delivered Duty Unpaid (named place) • DDP Delivered Duty Paid (named place) www.ifscargo.com
When a “Shipping Quotation” is needed the Freight Forwarder needs the following: • Origin & Destination • Commodity Description • Applicable INCO terms • Shipment details: pieces, weights, & dimensions • Mode of transport: Air / Ocean / Truck • Special requirements (if any) • Cargo Value • Banking needs (if any) www.ifscargo.com
Air Freight • Chargeable Weight VS Actual Weight Formula: Cubic inches / 366 = volume weight (KGS) • AWB “Non Negotiable document” • Passenger Flights vs Cargo Flights • TSA / Known shipper vs Unknown shipper • Hazmat / DG Certificates / IATA / Perishable www.ifscargo.com
Sea Freight • LCL W/M = 1000 Kgs or M3 • FCL / OOG • Standard , 20’ , 40’ , 40’HQ • Open Top , 20’ , 40’ • Flat Rack , 20’ , 40’ • BBulk , Ro-Ro • OBL (Ocean Bills of Lading) are negotiable documents www.ifscargo.com
Cargo Insurance • Insurance coverage = CIF value + 10% • Rates are based on risk • Cargo risk (Packaging) • Inherent vice • Origin /Destination • Mode of transport www.ifscargo.com
Why we need insurance? www.ifscargo.com
Why we need insurance? www.ifscargo.com
Why we need insurance? www.ifscargo.com
Why we need insurance? www.ifscargo.com
Other Areas of concern • Specific destination country requirements • Cargo packing • ISPM 15 • HAZMAT – IMO (SEA) , IATA (AIR) • Banking (its effect on documents) • Bank drafts • Letter of credit • Cargo Damage • Abandoned cargo at destination www.ifscargo.com