Question 1

1) Set up a Company. 2) Select a name, address. 3) Create a brand and logo for your Company. 4) Create a Mission statement for your Company. 5) Determine if your Company will be Corporate or Independent. 6) Complete the forms and sign a General Agency Agreement with a Broker. 7) Select 10 products that your Company needs to purchase 8) Find 3 foreign Suppliers 9) Create a Contract of Sale Agreement for each Supplier 10 )Select a method of shipping and Incoterm for each Supplier

Question 2

1) Create shipping manifest - A8A and Canadian Commercial Invoice (CCI) for your shipment. 2) Complete a B3 for the each of the products that your Company selected to import. 3) Focus on selecting the correct HS and ensure the calculations are correct on the B3. 4) At least one of the products need to be imported in a foreign currency - use the currency exchange for the date of direct shipment. 5) Remember to date and sign your B3