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Customs shipping
NMIMS Global Access
School for Continuing Education (NGA-SCE)
1. You have imported 1 x 40’ container by sea. Transporters
have called for a strike after 2 days. You do not have sufficient funds to pay
the customs duty in 2 days. Your company does not want to pay detention or
demurrage for the consignment. What is your suggestion to the management to
clear this consignment from Port without payment of duty? Please explain the
procedure in detail.
Answer: Custom
is a tariff or tax which is collected by the custom authority on exported or
imported goods according to current custom laws. In order to enter or leave a
country it is mandatory for the goods to pass through custom’s procedure. It is
the documented permission given by the national customs authority to imported
goods so that they can enter the country or to exported goods so that they can
leave the country. The persons and
institutions that are authorized to perform custom clearance operation are
called custom’s consultants. There is a certain set of procedures for custom
clearance of import and export cargo which is followed by the countries across
the
2. Due to Lockdown by the Government you could not clear
your consignment received by air. Your company informs you that the goods would
have got damaged completely and will not be useful. They advise you to file an
insurance claim with the insurance company as soon as the lockdown is lifted.
What are the documents will you keep ready to send to insurance company to file
the claim.
Answer: Air
cargo insurance is a type of policy that protects a buyer or seller of goods
being transported through the air. It reimburses the insured for items that are
damaged, destroyed or lost. Some insurance companies offer cargo insurance
directly, as do several freight forwarders and trade-service intermediaries.
The amount of coverage and deductible required for air cargo insurance varies
based on the goods, as well as the individual provider.
The exporter faces the risk of
loss/damage to the goods during transportation from his place to the place of
the buyer. This is known as cargo risk. In international trade the transit
distance and period
3. Due to the outbreak of Corona virus huge stocks for
export got stuck in your factory and your importer from U S is advising you to
send the entire consignment at one go as soon as the sea opens up. The entire
consignment has to go to U S only. As you know you will not get booking as
every exporter will throng the shipping lines to book their consignments and
you will have to send as multiple exports. Your company suggests to hire a ship
directly to send all the goods at one go.
a. Which charter system will you select
b. Explain the reasons for your selection
Answer: a) Logistics is viewed as the competency that links an
enterprise with its customers and suppliers. Thus, the process is viewed in
terms of two interrelated efforts, inventory flow and information flow.
Globalisation and advancement in information technology have added new
dimensions to logistics operations. The need to carry the goods physically from
one country to another has highlighted the importance of a logistics system.
The longer the distance to be travelled, the higher is the efficiency demanded of
a logistics system. Integrated logistics, which takes into Dear students, get
fully solved assignments by professionals
Do send your query at :
or call us at :08263069601
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