Write

500 words for the entire process and prepare forms B13A ,COO and CI . Assume an exchange rate of 1.4 for USD to CAD conversion

Assignment # 5 - Group Assignment: Export to Mexico Canada Golfing Suppliers and Traders, a Caledon-based sporting goods trading company has imported 200 pieces of Golf Stick Holders from Wyming Golfing Supplies, Hongkong, which already arrived in Canada last month. These items are stored in the Customs Bonded Warehouse storage area within their Caledon DC. They are convinced that the prices they got for this lot of 200 pieces are special and competitive and even if they are not able to immediately sell the whole lot within Canada itself, they will be able to find buyers from the US and Mexico through their well-established e-commerce arm. The prices negotiated and agreed with Wyming Golfing for each Golf Stick Holder is US $ 425.00, under DAP Incoterms@2020, for delivery at the Caledon Bonded Warehouse of Canada Golfing. Canada Golfing shipped 25 Golf Stick Holders to HLG Golfing Club, Calgary last month after completing the required customs release formalities for drawing those goods from their customs bonded area for sale and delivery. Also, Canada Golfing recently shipped 50 Golf Stick Holders to Buffalo Golfing Club, Buffalo, US successfully. Encouraged by this successful e-commerce sale to the US, Canada Golfing has recently secured another major order from Mexico City Golfing Club, Mexico, for 50 pieces of Golf Stick Holders to be delivered next week. The negotiated selling price is US $ 500.00 per piece for DAP Mexico Golfing Club, Mexico under Incoterm@2020. These items will be drawn from their Bonded Warehouse and shipped to Mexico Golfing Club through an authorized Road Carrier Company that complies with all Canadian, US, and Mexico-related regulatory and cross-border operational requirements for completing this LTL shipment delivery to Mexico Golfing Club, Mexico. You, as the Logistics Manager of Canada Golfing, are assigned with the task of assisting and completing all the customs formalities and related paperwork as required by CUSMA for: a. Exporting the goods to the customer based in Mexico b. Securing the release of the Goods from CBSA's customs bond for export to the Mexico- based Customer for final delivery and liquidation Assignment Instructions: 1. This is a Group Assignment. 2. Due date for submission: Tuesday, 08/08/2023 before 23:59 hrs ET 3. Each Group is expected to make one submission of the Assignment in the submission folder, followed by a 15-minute Group Presentation in the class on Wednesday, August 09, 2023 4. Completing all Forms and paperwork required to be submitted as pdf documents indicating all relevant entries required in these Forms for this transaction as per CUSMA