Chapter 14 - International Logistics Flashcards
International logistics
Logistics activities associated with goods that are sold across national boundaries
Certificate of origin
Specifies the countries in which a product is manufactured and can be required by governments for control purposes or by an exporter to verify the location of manufacture
Commercial invoice
Summarizes the entire transaction and contains key info (description of goods, terms of sale, etc)
Shipper’s export declaration SED
Contains relevant export transaction data (transportation modes, transaction participants, description of what’s being exported)
Shipper’s letter of instruction SLI
Often accompanies an SED and provides explicit shipment instructions
Terms of sale
Parties within the negotiations channel, logistics channels, and determining when/where to transfer between buyer and seller
Incoterms
Common terms of sale
EXW exworks
Buyer responsible for everything
DDP
Seller responsible for everything
International freight forwarders
International trade specialist that can handle either vessel shipments or air shipments & that offers a number of different functions such as booking space on carriers, obtaining consular documents and arranging for insurance
NVOCC non vessel operating common carrier
A firm that provides carrier services to shippers but owns no vessels itself
Export managing company
Firm that acts as the export sales department for a manufacturer
Export packers
An international logistics specialist that custom packs shipments when the exporter lacks the equipment or expertise to do so itself
Shipping conferences
Cartels of all ocean vessel operators operating between certain trade areas
Ocean carrier alliances
Carriers retain their individual identities but cooperate in the area of operations
