Importing to Canada Assignment

An applied exercise based on course materials from INTL 222/704 Global Logistic and INTL 233/729 Principles of Freight Forwarding, CIFFA education courses.

PLEASE READ: I JUST NEED THE WAREHOUSE AND BANK PARTS. WE ARE IMPORTING WINE FROM AUSTRALIA TO CANADA.

Scenario

You are soon to graduate from Centennial College. Your Graduate Certificate in International Business Management is a proof that you worked hard, and you are confident that a great future is waiting for you.

You received an e-mail from an old friend who works for an important company which manufactures.. in .. Your friend was recently promoted, and now he is the Business Export Manager in charge of expanding the business internationally. He is thinking to work with you for the Canadian market.

In order to convince his managers that you are the suitable business partner and have a team capable to handle their product, he asks you for a Competitive Analysis Report.

With the knowledge acquired at Centennial, your understanding of Canadian market, the desire to succeed in the business field, and a few capable Centennial colleagues for a team, you accept the challenge. It is your future and you are in control.

Your Principles of Freight Forwarding professor offered to help you. She prepared the following document:

A CHECKLIST WITH THE IMPORT/EXPORT TRANSACTION PARTNERS AND THEIR ROLE

PLAYERS IN THE IMPORT/EXPORT BUSINESS	ROLE	DOCUMENTS	WHAT YOU SHOULD DO	WHEN AND HOW YOU COLLECT DATA
EXPORTER	Manufactures the goods; Prepares the goods for export and the export packaging.	Contract	Prepare a clear import/ export contract	EXAMPLE Sent e-mail requesting an ExW quote price Include the e-mail
FREIGHT FORWARDER	Helps with the logistic of moving the goods; Contacts the carrier; Calculates the freight rate.	AWB, BL or multimodal transport documents (as per your INTL704 book); Identify a Freight Forwarding agency or agent.	Prepare the transport document BL, AWB, etc.; Prepare the BL or AWB based on the contract	Consulted the book from INTL 704
CUSTOM BROKER	Tariff classification; Clears the goods for customs.	Canada custom invoice; Tariff calculation and other duty and taxes	Researches the Custom Tariff Act and identifies the HS nr.	Government of Canada web page
OTHER AGENCIES WHICH NEED TO APROVE THE IMPORT OF YOUR PRODUCT TO CANADA	Issues certificates. E.g. Canada Food Inspection Agency	Food Inspection certificate (if applicable); Other quality certificates depending on your product.	Identify the specific Agency in Canada; What do you have to do to receive the approval.	Researched the import requirement for the product
WAREHOUSING	Deposit your goods	Warehouse receipt	Research the option and what service they offer	Called, visited
BANKING	Credit loans and advice about method of payment	Provides the Documentary Collection Letter	Visit a bank branch and talk with a Business Manager; If it is possible go to BDC and EDC	Called, visited
IMPORTER	Pays for the goods	Prepare and LC application	Name some potential buyers for your product
GOVERNMENT	Protect the Canadian manufacturers Trade Agreements	Licences, Quotas	Research if there are special requirements
OTHER PARTIES DEPENDING ON YOUR PRODUCT				I JUST NEED THE WAREHOUSE AND BANK PARTS. WE ARE IMPORTING WINE FROM AUSTRALIA TO CANADA.