The Role of Freight Forwarders
The Role of Freight Forwarders The role of the freight forwarder is to facilitate the smooth transit of import or export goods through sea or air ports Importer Arrangements • One agent covering all ports • Several agents at several ports • Some importers do their own clearances Responsibilities • Completion and lodgement of CVED • Preparation of customs documentation • Lodgement of Original Bill of Lading with shipping line (proves ownership) • Scheduling of delivery Clearance Procedures • Supplier and importer details (SITPRO) • Declare fiscal information (VAT number) • Provide customs commodity code and any preferential rates • Declare the Customs Procedure • Account for any duties payable CHIEF • Customs Handling of Import and Export Freight • The information required is as follows: Part 1. Consignor, Consignee & Agent Details Part 2. Manifest / Container / Ship detail Part 3. Value Detail Part 4.a Consignment Detail 1. Part 4.b. Consignment Detail 2 Note CVED number and weight – without this detail, Customs entry will not be accepted clearance will not be granted. Part 5. – Levy / Duty Amounts Payable The final entry is transmitted to customs and two documents are produced: - C88 SAD (Single Administrative Document) E2 Accounting document Example of the Completed C88 Meanwhile….port health are delighted with the consignment. The following documentation is faxed to Customs: C88 SAD E2 Accounting Document Suppliers invoice Copy CVED Copy Port Health release Other documents (licence/cert of origin) Payment of Duties • Cash/Bankers Draft • Electronic transfer of funds • Guarantee/Deferment Account (deducted 15th day of following month) Transport • Freight forwarder has to make judgement on when container will be released. Why? • Ports limit lorries arriving for collection • Some days busier (Monday and Friday) • Limited haulage contractors Demurrage • Cost of renting a container • 6-7 days delay can add £500 to clearance costs • Intended profit on a container of beef may be 2 to 3,000 pounds sterling Thank you Liz Murphy Director International Meat Trade Association E Mail: [email protected]
© Copyright 2024