You are a graduate from Centennial College. Your Graduation from Global and International Business Management is a
Question:
You are a graduate from Centennial College. Your Graduation from Global and 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 Professor who is consulting for a company which is looking to export the following product:
2 Skids of bottled maple syrup weighing 1.4 tonnes and 2 skids of bottled red wine weighing 1.7 tonnes each and having dimensions of 40” x 48” x 50” high
The Customer is North South Wines in the country of: Grenada, West Indies. They are the primary supplier of fine wines to the resort industry in Grenada.
Your Professor is Director of Global Exporting his/her Food and Beveridge company in Toronto. They need a freight forwarder and they are thinking of working with you to manage managing the exporting of this product(s) from Canada.
In order to convince him and his managers that you are a suitable business partner and that you have a team that is capable of handling the job, he asks your team for a Sales Presentation and Comprehensive Report to be Submitted to his Management Team. You have a short period to get everything done so you need to get started now.
With the knowledge acquired at Centennial, your understanding of Canadian and International Logistics, the desire to succeed in the business field, and a network of Centennial colleagues (team size fixed maximum 6 students! (don’t ask for more). You must finalize your teams by the end of week 2 (or you will be automatically enrolled in a team).
You accept the challenge. Success here holds the key to your career and you are in control. To get you started, your former Professor offered to help you and prepared the following spreadsheet:
IMPORT/EXPORT PARTNERS, THEIR ROLE, ChECKLIST
PLAYER | ROLE | EXAMPLE DOCUMENTS | WHAT YOUR TEAM SHOULD DO | WHEN AND HOW YOU COLLECT DATA |
SELLER/SHIPPER EXPORTER (your professor) | Product Distributor, Assess suitable Freight Forwarder Attend/assess your presentation, assess your proposal,
| All documentation to be completed by the seller’s agent (below), SLI Proforma Invoice, Invoice Prepares, packages & labels the goods for export | Win the job by presenting a complete and professional proposal | Market Research, Product Development Storage and Warehousing needs |
BUYER/ IMPORTER | Receive Good Quality Goods on time and in good condition | Send a request for quote (RFP) (include the e-mail ), Complete International sales contract, Pay the Invoice | Research the Company, Understand CRREEEPS | Research the country and the company |
SELLER’S AGENT (FREIGHT FORWARDER, CUSTOMS BROKER & BONDED WAREHOUSE) (your team) | Find the best the carriers; Calculate the freight rates. Arranges Insurance HS Tariff classification; Clears the goods for customs. Where you will store the goods, tariff deferral | Quotation, Sales Presentation, Import/Export Business Licence, Commercial Invoice, Export Permit, Export Declaration… Letters of Introduction, marketing materials AWB, BL or multimodal transport documents Insurance Certificate… Warehouse receipt | Prepare an introduction letter, transportation quotation, transport document(s) Identify HS code and put it in the documents Research the warehousing needs and explain what service is needed | CIFFA site, membership
|
EXPORT REGULATORS & AGENTS | Regulators who you contact issue food inspection certificates, CofO, Quality, Export Permit | CofO, Export Permit, Inspection certificate, other certifications depending on your product and the terms of the letter of credit | Identify the specific Foreign agencies to receive import approval | Research the export requirements for the product |
BANKER | Financial Institution(s) to arranges credit, loans and advice about payment method | Provides the Letter of Credit, Credit Insurance
| Contact a bank branch, (or BDC and EDC) talk with a Business Manager; | Call, visit |
IMPORT REGULATORS & AGENTS | Protectionism (local manufacturers/jobs), policies, Trade Agreements | Import Permits, consular invoices, all documentary requirements for import, import customs broker | Identify the specific Agencies in country to receive export approval | MIGRAS, gov’t website |
ANY OTHER PARTIES (depends on your product) and should be included above. | ||||
Expert Answer:
To successfully manage the exporting of the maple syrup and red wine to North South Wines in Grenada your team should undertake the following tasks Ma... View the full answer
