Insurance primer
Protect your business interests by ensuring you understand what is covered by your cargo insurance policy – and what is not. Without proper insurance, even
Are you using the latest Incoterms?
Make sure your contracts of sale include the appropriate trade term in conjunction with the words “Incoterms 2010”, which came into effect January 2011. Using
Make your freight forwarder part of the purchasing process
Save time and money by giving your freight forwarder a copy of your Purchase Order as early as possible. With that single step, your forwarder
Put delivery and handling instructions in more than one place
Increase your chances of completing a successful delivery of a package by putting handling and delivery instructions on at least three of the surfaces. This
Timing is everything with your international trading partners
Remember to take into account time zones when you are communicating with your international trading partners. Anyone working in Europe is generally 5-6 hours ahead,
True or false? AMPS penalties only apply to import shipments
Answer: False. Canadian exports are subject to about 17 AMPS (Administrative Monetary Penalty System) infractions. For example, Exporters are required to report “Export Declarations” electronically
What freight quotation is best for your product?
Don’t sign off on a shipment until you have confirmed the quotation is the right match for your product. For example, a truck shipment going
Develop a Request for Quotation (RFQ) form to simplify the process of securing freight rates
By standardizing the process when securing freight rates, you can control the quality of work and make the review of the rates easier. Adding detailed
When it doesn’t pay to control your freight
Origin or destination services at overseas locations often involve local knowledge (special collection or delivery requirements) that may best be left to the locals! For
Ensure basic information is completed on all commercial invoices
The commercial invoice is the basis for the Canadian customs entry and determines any applicable duties and taxes. Ensuring proper information is included is vital
Modify your shipping habits to expedite your transit times
Can’t wait until you have enough freight to load a full container? Take advantage of consolidated services to lessen the cost, while maintaining a weekly
Don’t just insure the value of the goods
When insuring your freight, you are fully entitled to value your goods at a price above the base cost. Valuation of goods may include all
