What are the three purposes of customs?
To ensure border security, collect all required tariffs, and enforce trade restrictions
What is known as an official schedule of taxes and fees imposed by a country on imports and exports?
Tariffs
What management system is used to optimize shipments across international borders so that operating efficiencies and cash flows are improved?
Global Trade Management
What is the primary objective of industrial packaging?
Protecting the goods from damage in a way appropriate to the chosen mode.
What system is used to correctly assign a tariff to a shipment?
Harmonized Tariff Schedule
Who do companies often hire to manage the requirements needed to ship something internationally?
Customs House Broker
Do countries generally prefer imports or exports? Why?
Exports, because typically, exports make the country money whereas imports cost the country money.
What is known as a series of pre-defined commercial terms that are used in drafting terms of trade?
Incoterms
What do Incoterms terms define within the terms of trade?
The fundamental roles and responsibilities of the seller and the buyer.
Who is known as the middleman between the carrier and the organization shipping the product? They are responsible for arranging transportation.
Freight Forwarder
In international shipping, which entity is responsible for picking up goods at the production site and coordinating transport to the foreign customer’s location?
Foreign Freight Forwarder
What do Non-Vessel Operating Common Carriers (NVOCC) do?
They buy space on inland sea-carriers and resell it to the shipper at a marked-up price. Before this was a thing, the Shipper used to have to pay for the entire round-trip. NVOCCs sell the space for the return trip to another Shipper.
What do Custom House Brokers do?
Assist importers by moving shipments through customs.
What’s a major difference between export management companies (EMCs) and export trading companies (ETCs)?
EMCs are not exporters themselves, they are consultants
ETCs are actual exporters
Between EMC or ETC, which company is looking to buy another company’s goods and resell them in a foreign market?
ETC
Between EMC or ETC, which company rarely buys another company’s goods for foreign resale, but rather serves as a middleman between the foreign countries to facilitate a smooth transaction of goods?
EMC
What form states the value of the goods in the shipment and specifies payment terms and methods?
Commercial Invoice
What does AES stand for?
Automated Export System
What does EEI stand for?
Electronic Export Information
What documentation is similar to a commercial invoice, but also contains information needed for customs in the importer’s country?
Consular invoice
What type of invoice is a quoted invoice that may be sent to a potential buyer in advance of the actual sale?
Pro forma commercial invoice
What is the upside for containers traveling under an ATA (Admission/Temporary Admission) Carnet?
They can cross several boundaries duty- and tax-free without customs inspection.
Which organization allows sealed road transport trailers and containers to bypass customs inspections until they reach their destination country?
TIR Carnet (Transport International Routier)
What system is used internationally to standardize the description of goods and uses a system of numbers to provide increasingly detailed classification and description?
Harmonized System Classification Codes
-
Module 2.1 - Supply Chain Design and Optimization53
-
Module 2.2 - End-to-End Connectivity and Visibility143
-
Module 2.3 - Supply Chain Metrics and Reports69
-
Module 3.1 - Aligning Sourcing to Demand22
-
Module 3.2 - Category Strategy for Sourcing8
-
Module 3.3 - Product Design17
-
Module 3.4 - Supplier Selection, Contracting, and Use31
-
Module 4.1 - Planning Operations33
-
Module 4.2 - Capacity and Production Activity Control26
-
Module 4.3 - Inventory66
-
Module 4.4 - Performance and Continuous Improvement53
-
Module 5.1 - Logistics and Distribution9
-
Module 5.2 - Distribution Services and Transportation Choices12
-
Module 5.3 - Trade Considerations28
-
Module 5.4 - Reverse Flow11
-
Module 6.1 - Customer Relationships1
