role of clearing and forwarding agent- export import documentation
1. SUBMITTED TO DR. ASIF ALI SYED
SUBMITTED BY SIMRAN KAKKAR
18MBAIB04
2. Clearing and forwarding provides services, on behalf
of an importer or exporter,
With the physical movement (logistics) and legalities
(customs) in importing or exporting goods from one
country to another.
This service involves two service providers, namely
the clearing agent and the freight forwarder.
3. They are licensed people who submit declarations to
Customs on behalf of the importers and exporters.
They are be liable for the fulfillment of all obligations
imposed on their traders.
4. Therefore, he is someone who:
C&F Agents are a link between the owners of goods and
owners of means of transport.
Help cargo owners in efficient movement of goods to the
buyers.
Specialized people with knowledge of procedures and
documentation involved in shipment of goods.
5. The competent people to comply with procedural
formalities of the customs and port authorities, separately.
Guide the exporters in providing information on the
various alternative routes of transport to reach the buyer’s
port.
Facilitate in the selection of mode as well as route of
transport to meet the delivery schedule, at economical
cost.
6. We can categorize the various activities of Clearing and
Forwarding Agent in the following groups:
Advising exporters on trade laws
Providing transport and handling cost information
Packing, marking and labeling
Arranging transport
7. Completing customs and port formalities
Preparing and procuring documents
Educating exporters on developments in transportation.
8. 1. ADVISING EXPORTERS ON TRADING LAW
Guide the exporters regarding various national and international
trading laws governing the exports and imports
among the nations that can potentially affect their
decisions of doing business.
2. PROVIDING TRANSPORT AND HANDLING COST
INFORMATION
Booking of shipping space or air freighting
Advice on relative cost of sending goods by sea and air
Providing information about shipping lines, freight to
different destinations, and various charges payable by
exporters.
9. 3. PACKING, MARKING AND LABELING
They also do packaging,
marking and
labeling of the goods to be exported and imported on the
demand of the clients.
4. ARRANGING TRANSPORT
They arrange for the transport
from clients facilities to the port,
from warehouse to port, and
all the internal transportation till the goods are loaded
on the ship.
10. 5. PREPARING AND PROCURING DOCUMENTS
Preparation and processing of shipping documents,
Bills of Lading, Dock Receipt,
Export Declarations, Consular Invoice, Certificate of
Origin, etc.
Forwarding of banking collection papers.
5. COMPLETING CUSTOMS AND PORT
FORMALITIES
They tend to complete all the formalities including
inspection of goods,
cess levied,
submission of export documents, obtaining carting order,
custom examination, etc.
Everything is up to C&F.
11. 7. EDUCATING EXPORTERS
Apart from doing other things mentioned, they educate
exporters about various development in the area of exports
and imports to keep them informed and updated.
Other things done by them are:
file duty drawback claims on behalf of the exporters, etc.
Taking marine insurance
In fact, the agents can perform all activities except perhaps
selling the goods.
Above all, the agents act as troubleshooters for the exporters
in the case of movement problems.
12. Storage facilities abroad, at least in major international
markets,
to warehouse the goods in case importer refuses to take
delivery on any account,
Can trace the goods, if shipment goes astray, through his
international connections
Arrangement for assessing the damage to shipment en-route