Importing to Canada Assignment

An applied exercise based on course materials from INTL $222/704$ Global Logistic and INTL $233/729$ Principles of Freight Forwarding, CIFFA education courses.

Scenario

You are soon to graduate from Centennial College. Your Graduate Certificate in 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 friend who works for an important company which manufactures.................... in $.......................$ Your friend was recently promoted, and now he is the Business Export Manager in charge of expanding the business internationally. He is thinking to work with you for the Canadian market.

In order to convince his managers that you are the suitable business partner and have a team capable to handle their product, he asks you for a Competitive Analysis Report.

With the knowledge acquired at Centennial, your understanding of Canadian market, the desire to succeed in the business field, and a few capable Centennial colleagues for a team, you accept the challenge. It is your future and you are in control.

Your Principles of Freight Forwarding professor offered to help you. She prepared the following document:

A CHECKLIST WITH

THE IMPORT$/$EXPORT TRANSACTION PARTNERS AND THEIR ROLE

PLAYERS IN THE IMPORT$/$EXPORT BUSINESS ROLE DOCUMENTS WHAT YOU SHOULD DO WHEN AND HOW YOU COLLECT DATA

EXPORTER Manufactures the goods;

Prepares the goods for export and the export packaging. Contract Prepare a clear import$/$ export contract EXAMPLE

Sent e$-$mail requesting an ExW quote price

Include the e$-$mail

FREIGHT FORWARDER Helps with the logistic of moving the goods;

Contacts the carrier;

Calculates the freight rate. AWB, BL or multimodal transport documents $($as per your INTL$704$ book$)$;

Identify a Freight Forwarding agency or agent. Prepare the transport document

BL$,$ AWB, etc.; Prepare the BL or AWB based on the contract Consulted the book from INTL $704$

CUSTOM BROKER Tariff classification;

Clears the goods for customs. Canada custom invoice;

Tariff calculation and other duty and taxes Researches the Custom Tariff Act and identifies the HS nr$.$ Government of Canada web page

OTHER AGENCIES WHICH NEED TO APROVE THE IMPORT OF YOUR PRODUCT TO CANADA Issues certificates.

E$.$g$.$ Canada Food Inspection Agency Food Inspection certificate

$($if applicable$)$;

Other quality certificates depending on your product. Identify the specific

Agency in Canada;

What do you have to do to receive the approval.

Researched the import requirement for the product

WAREHOUSING

Deposit your goods

Warehouse receipt Research the option and what service they offer

Called, visited

BANKING Credit loans and advice about method of payment Provides the Documentary Collection Letter Visit a bank branch and talk with a Business Manager;

If it is possible go to BDC and EDC Called, visited

IMPORTER Pays for the goods Prepare and LC application Name some potential buyers for your product

GOVERNMENT Protect the Canadian manufacturers

Trade Agreements

Licences, Quotas Research if there are special requirements

OTHER PARTIES DEPENDING ON YOUR PRODUCT

MY SUGGESTION ON HOW YOU CAN DIVIDE THE WORK

$1.$ Nominate a Manager $$ specify his responsibilities including Calculate the FINAL IMPORT price

$2.$ Each of you should be in charge for a particular function of this exercise based on your abilities and previous work $/$study knowledge and experience.

PRESENTATION

PP PRESENTATION $$ maximum $2$ slides for each function

SUBMISSION

Value of the assignment $20\%$

Individual evaluation $10\%$

The quality of the content in the PP slides and the flow of your exercise $5\%$

Group presentation $5\%$

A short individual report $(2-3)$ pages, point form, concise, NOT EMPTY words, with what your own professional contribution to the project is$.($Please write your name and student number at the top of this page.$)$

If you do not contribute to the group work, you WON$$T RECEIVE A MARK.

The quality of the final group work will also affect your final grade.

Pamphlets and Business Cards collected in your journey are very valuable.

I am available to review anything you need at any time and to meet with you outside of the class time.

Good luck.