Jungle Scout's Million Dollar Case Study Session #8: Shipping & Importing
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Transcript of Jungle Scout's Million Dollar Case Study Session #8: Shipping & Importing
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Smooth Shipping.Sailing (and flying) through
international freight.
April 2017
Philip von Mecklenburg-BlumenthalHead of Freightos Marketplace Sales & PhD in freight
(seriously)
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INTRODUCTI
ON
PRE-
SHIPMENT
THE QUOTETHE
PROCESS
THE
DELIVERYQ&As
AGENDA
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THE ONLINE FREIGHT MARKETPLACE AND PORTAL
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RESTRICTIONS “FREIGHTABLE” OR DEBATABLE?
Customs (CBP) & Other
Agencies (ISF)
Air & Ocean Freight
CarriersDepartment of Commerce
Pro TipCheck at Freightos.com for help with restrictions. A quick
google search should also soon pick up any issues.
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INCOTERMS STARTING OFF ON GOOD (FREIGHT) TERMS
Pro TipIf your supplier offers to cut the sell price but changes to
EXW, calculate landed cost before agreeing.
EXWDDUDDP
FOB
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PACKAGING DON’T PAD YOUR COSTS
Avoid excessive packaging, it adds costs.
Palletize shipments after US customs
clearance.
Double-box fragile products.
Clearly mark cartons and boxes.
Pro TipAttractive to thieves? Remove any brand identification or any
other labeling that might tip them off.
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MODES FASTER IS SOMETIMES CHEAPER
Pro TipWant it a little faster? Each of these modes have quicker (but more expensive) options.
COURIER
3-5 DAYS
$7/KG
VARIABLE COST
AIR FREIGHT
8-10 DAYS
$5/KG
MODERATE FIXED
COST
OCEAN FREIGHT
30-40 DAYS
$.6/KG
HIGH FIXED COST
50 KG 500 KG
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What you need for a quote
THE CHECKLIST
Dimensions
Weight
Origin ZIP Code or Port
Destination ZIP Code or Port
Shipment Value
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SHIP
HAPPENSOcean and air carriers only provide a basic,
insufficient, level of insurance.
Cargo insurance is a must.
The premium for comprehensive cargo
insurance (a mere 60c for each $100 of
insured value) is not a material cost.
Pro TipOnly accept comprehensive cargo insurance. It will keep you covered, and is worth the outlay.
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PAPERWOR
KExpect 10-20 documents. And demand
your forwarder explains.
Commercial Invoice
Packing list
Material Safety Data Sheet (MSDS )
Power of Attorney (POA) Pro TipEven small errors can add delays and costs, so double check each form you or your forwarder completes.
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BOND. CUSTOMS BOND
CEB vs SEB
(+ ISF bond for LCL ocean)
Fees on the quoteCustoms Clearance Charge
ISF Filings
Customs Bond
Separate CBP chargesCustoms Duty
Additional charges and penalties
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DELIVERYBuild a buffer
FBA Receiving Requirements
Last Mile
Pro TipIf shipping to multiple locations, consider consolidating the shipments, sending to one port, then have your forwarder splitting and delivering separately.
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AND, OF COURSE, THE FREIGHTOS MARKETPLACE
JUNGLE SCOUT CUSTOMER?
GET $100 OF PROMOTIONAL CREDIT FOR YOUR FIRST $1,000+ SHIPMENT