International feasible trade Assignment Help Canada
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Exercise 1.1 (Question)
1. What activities might CIFFA undertake to achieve its mission in each of its three foundation elements?
2. CIFFA has three categories of membership. Give an example of who/what type of company might belong to each category. In what category is your company?
3. FIATA is the acronym for the French name of the parent organization of national freight forwarding associations (Federation Internationale des Associations de Transitaires et Assimiles). List 4 of the many areas in which FIATA Technical Committees are active.
4. CIFFA’s Standard Trading Conditions (STCs) govern the relationship between the freight forwarding company and its customer. In order for the Standard Trading Conditions to be valid in court, the customer must be fully aware of the STCs. List at least 3 ways the CIFFA Member might communicate the STCs to its customers.
Explain the legal complications if your customer is not aware of the CIFFA STCs.
Exercise 1.2 (Question)
1. Freight forwarder is the party who ensures that internationally traded goods, and the data related to those goods, move from point of origin to point of destination to arrive:
• At the __________________________________ • At the __________________________________ • In _____________________________________ and • At _____________________________________
2. What kinds of regulations must an “architect of transportation” consider in order to design the solution that best meets the customer’s needs?
a) How CREEEPSS works between Canada and the United States.
4. List some of the major parties involved in the movement of goods, documents, and money in international trade.
5. Why do governments, such as the Government of Canada, provide support to exporters?
6. What are the 3 general processes in an international trade transaction?
Exercise 1.3 (Question)
1. In what city and what year was CIFFA founded?
2. What is the acronym for the French name of the parent organization of national freight forwarding associations, of which CIFFA is a member?
3. FIATA issues standardized transportation documentation for its Members. Complete the name of each of these documents:
FCR: _______________________________ FCT: ________________________________ FBL: ________________________________ FWR: ________________________________ SDT: ________________________________ FWB: _________________________________
4. Fill in the blanks of the Code of Ethics of Regular Members.
• The CIFFA Regular Member must discharge his duties with _________ and ________________; • The CIFFA Regular Member pledges a ___________ __ _____________ to his client, to perform, in a __________________, ___________ and _____________ manner, services undertaken on the client’s behalf; • The Regular Member pledges to hold in _____________ ____________ all information acquired in the course of the relationship concerning the business and the affairs of his client. No such information is to be divulged unless authorized by the client, or required by law; • The CIFFA Regular Member agrees to observe all relevant _____ __ ___________ regarding the movement of goods entrusted to him; and • The CIFFA Regular Member owes a duty to his client, not to _________________ ___ _________________, except for good cause, and upon appropriate notice.
Exercise 1.4 (Question)
1. What two things must today’s freight forwarding company invest in?
2. What are some of the names/titles given to “architects of transportation solutions?”
3. In order to facilitate movement of goods around the world, the freight forwarder must understand the need for regulatory compliance. What are some of the things that are governed by regulations and legislation?
4. What are some of the risks which are particularly associated with the movement of goods?
5. Why does a freight forwarding company require a network with solid representation at destination?
6. Why does a freight forwarding company require a network with solid representation at origin?
7. What are some of the “controllable aspects” of a new market that the exporter may have control over?
8. What are some of the standards and requirements a Canadian importer must consider to ensure goods are suitable for the domestic market?
9. What three governments will have an interest in an international transaction?
10. When buyers and sellers negotiate an international contract, what two very important terms must be considered?