Business Strategy – Term Paper – venkatatheerthaSearchEssaysSign upSign inContact usTweetIndex/BusinessBusiness Strategy1) The following is the order in which the documents are exchanged in international trade: shipping bill, Carting order, mate receipt, Let export order, bill of lading
shipping bill: The shipper books space on board the vessel with the Shipping Agent and prepares a Shipping Bill. This contains details of the shipment.
Carting order: After noting the Shipping Bill, we obtain carting orders from the Agents of the vesselMate receipt: For the Goods shipped, Mate Receipts are given by the shipperLet export order: The Custom Examiner examines the cargo and records his report on the duplicate copy of the shipping bill. The customs examiner then signs the âLet Export Orderâ.
Bill of lading: The shipper exchanges the mate receipt for the Bill of Lading at the Office of the Shipping Agents.2) Customs clearance activities: These include checking of LCL cargo prior stuffing and after stripping.Receipt and Delivery of containers: Included sucha s weighing, insection of seals and damages.Exporter must ensure that he has got the required approvals to store the cargo at the placed agreed upon.Exporter has to make sure the required taxes, storage charges etc have been taken care of and paid by whosoever has agreed.He has to make sure that the LCL cargo is properly packed so that there will not be any damages in case the cargo has to be placed in the location for some time.
Shipping: The customs agent is responsible for paying the freight cost to the export terminal. Shipping costs vary from US$1.00 to the order cost of every container. When paying the freight required by the LCL, export agents are required to collect the estimated delivery of the shipment via Paypal by the time they collect the shipping costs. This can be done on or after the customs agent orders all shipments and does not cost a single shipping fee. However, there is a possibility that customs is charging shipping cost when the quantity of one shipment exceeds the shipping fee by more than a thousand. There are usually two or more additional charges for each shipment if the total package weight is greater than this. It is recommended that if the shipment size exceeds the order cost of a shipment, that the shipment be delivered in the first place.Shipping in bulk or in bulk is not a problem: If customs have the option (if they don’t) the LCL would be required to deliver a shipment of 10 to 20 pounds less than a standard package. However the LCL must be able to sell one ton at a time and then charge the customer for shipping on a weekly basis.If the LCL ships out a volume of 1 to 2 tons per order, all the charges for shipping volume must be paid within three business days. Shipping of large shipments is expensive and time consuming. We ask that shipping be a quick process that is not part of the customs process. This can be done on or during the time for importing and exporting. The LCL must be able to deliver items for shipping that is to be handled on-site, and then it should be paid to the customer for its shipping on site. When packing goods on-site, all the customs services can provide information for the customer who is responsible for packing the goods (including on-site shipping, insurance, etc). Customs must keep records and accountants are not responsible for providing this information when packaging the items. The Customs agent has the responsibility of paying customs costs that include the following, per individual shipping shipment:⢠shipping the shipment (other than for LCL)⢠determining the shipment weight⢠registering the shipment ⢠sending the shipment to the customs agent on a regular basis⢠ensuring that the LCL cargo is properly loaded⢠collecting the shipment on a regular basis⢠collecting the shipping cost from the customs agent in full within three business days of delivery
Shipping: The customs agent is responsible for paying the freight cost to the export terminal. Shipping costs vary from US$1.00 to the order cost of every container. When paying the freight required by the LCL, export agents are required to collect the estimated delivery of the shipment via Paypal by the time they collect the shipping costs. This can be done on or after the customs agent orders all shipments and does not cost a single shipping fee. However, there is a possibility that customs is charging shipping cost when the quantity of one shipment exceeds the shipping fee by more than a thousand. There are usually two or more additional charges for each shipment if the total package weight is greater than this. It is recommended that if the shipment size exceeds the order cost of a shipment, that the shipment be delivered in the first place.Shipping in bulk or in bulk is not a problem: If customs have the option (if they don’t) the LCL would be required to deliver a shipment of 10 to 20 pounds less than a standard package. However the LCL must be able to sell one ton at a time and then charge the customer for shipping on a weekly basis.If the LCL ships out a volume of 1 to 2 tons per order, all the charges for shipping volume must be paid within three business days. Shipping of large shipments is expensive and time consuming. We ask that shipping be a quick process that is not part of the customs process. This can be done on or during the time for importing and exporting. The LCL must be able to deliver items for shipping that is to be handled on-site, and then it should be paid to the customer for its shipping on site. When packing goods on-site, all the customs services can provide information for the customer who is responsible for packing the goods (including on-site shipping, insurance, etc). Customs must keep records and accountants are not responsible for providing this information when packaging the items. The Customs agent has the responsibility of paying customs costs that include the following, per individual shipping shipment:⢠shipping the shipment (other than for LCL)⢠determining the shipment weight⢠registering the shipment ⢠sending the shipment to the customs agent on a regular basis⢠ensuring that the LCL cargo is properly loaded⢠collecting the shipment on a regular basis⢠collecting the shipping cost from the customs agent in full within three business days of delivery
3) The following are the risks involved in export of mangoes:1. The fruits are infected with bacteria2. If the fruits are not packed in a plastic bag with air holes and then packed in a box with ventilation, the fruits will get suffocated and will not be edible.
3. Interception by the customs officers in the mangoes being imported, making them ripen and goes waste.4. Mangoes have to be shipped by air cargo most of the time, for them to be fresh, which is costlyThe following precautions need to be taken while exporting mangoes:1. Farmers need to be trained and warned of the consequences if they do not ensure quality checks2. The mangoes to be exported are to be processed in the Vapour Heat Treatment facility3. The fruit shall be packed in a plastic bag (air holes of the bag must be less than 1.6 mm in diameter) and then packed in a box with ventilation.4. Place of packing shall be located near the disinfestations facilities. Windows and any other openings shall be screened4) The following are the charectaristics of an Aframax ship:An Aframax ship is an oil tanker smaller than 120,000 metric tonnes and with a breadth not greater than 32.31 m and therefore would have been able to pass through the original Panama canal.[1] The term is based on the Average Freight Rate Assessment (AFRA). Though relatively smaller than Very Large Crude Containers (VLCC) and the Ultra Large Crude Containers (ULCC), the tanker has a cargo carrying capacity between 70,000 and 100,000 metric tonnes. The average cargo carrying capacity of Aframax is approximately 750,000 barrels.
Due to their favorable size, Aframax tankers can serve most ports in the world. These vessels serve regions which do not have very large ports or offshore oil terminals to accommodate very large crude carriers and ultra large crude carriers. Aframax tankers are just perfect for short to medium haul crude oil transportation. Aframax tankers are extensively used in areas of lower crude oil production such as in Non-OPEC countries which lack large harbors and canals to accommodate VLCC and ULCC class of tankers.
5) The following ways help in mitigating the risks in international trade:1. A common risk-minimizing strategy is to buy small quantities of goods, thereby lessening the financial impact on the buyer2. Negotiating a partial pre-payment with the balance on proof of shipment, usually evidenced by transport documents3. if the sale is a one time deal, but the item in question is of high value, travel to the country of sale or appoint aContinue for 4 more pages ÂťRead full documentDownload as (for upgraded members)Citation GeneratorMLA 7CHICAGO(2016, 09). Business Strategy. EssaysForStudent.com. Retrieved 09, 2016, from“Business Strategy” EssaysForStudent.com. 09 2016. 2016. 09 2016 < "Business Strategy." EssaysForStudent.com. EssaysForStudent.com, 09 2016. Web. 09 2016. < "Business Strategy." EssaysForStudent.com. 09, 2016. Accessed 09, 2016. Essay Preview By: venkatatheertha Submitted: September 4, 2016 Essay Length: 1,245 Words / 5 Pages Paper type: Term Paper Views: 404 Report this essay Tweet Related Essays Microsoft Business Strategy Microsoft Project Summer 2006 BUS 597A INTRODUCTION In 19, Bill Gates and Paul Allen created a company called Microsoft. More than thirty years later, 3,193 Words  |  13 Pages Business Strategy Panera Bread Business Stratgery / Case: Panera Bread Company / Igor Maas / 02.15.2008 The main challenge is to determine how Panera Bread can continue to achieve 815 Words  |  4 Pages Critically Discuss the Various Existing Models Linking Organizational/ Business Strategy with Hrm Strategy In todayвĐâ˘s rapidly changing globalised business environment, human capital has become one of the keys to competitive advantage. Consequently, any good business strategy must fully 1,914 Words  |  8 Pages McDonaldâs Business Strategy A key element of McDonaldâs strategy since the beginning has been the policy of the company to own all property on which a McDonaldâs outlet 858 Words  |  4 Pages Business Strategy - Methodology Employed Line of Business Definition: Matt Butler, an avid hunter and fisherman, identified an opportunity within the outfitters and charters market that is currently being unmet. 7,755 Words  |  32 Pages Similar Topics Loblaws Business Strategy Business Strategy Get Access to 89,000+ Essays and Term Papers Join 209,000+ Other Students High Quality Essays and Documents Sign up Š 2008â2020 EssaysForStudent.comFree Essays, Book Reports, Term Papers and Research Papers Essays Sign up Sign in Contact us Site Map Privacy Policy Terms of Service Facebook Twitter