Customs Shipping and Insurance Your company has exported one

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Customs Shipping and Insurance

Internal Assignment Applicable for December 2018 Examination

Dear students to get solved assignments of NMIMS MBA DECEMBER 2018
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1. Your company has exported one break bulk consignment by sea. The job was given to a customs broker Roshanlal and company. While loading liner found some improper packing of goods and Mate receipt was refused. You have been asked to
sort out the issues by visiting the port urgently before the ship sails out. Also your boss does not know anything about Mate receipt.

Please explain, your Head of the department, details about Mate receipt and give

your way of sorting out this issue. (10 Marks)

2. Your company wants to import one consignment of 500 kg urgently by air on FOB basis as the production is held up. You did not have time to get freight and insurance certificate. The consignment has landed. Your customs broker is asking for details of freight and insurance. You have asked him to clear without these certificates as the value is less and the goods are required urgently.

Please explain how the customs will calculate the freight and insurance charges in

absence of these details to arrive at CIF value. (10 Marks)

3. You have joined a company, as Import and export manager, who deals with high volume imports and exports. The insurance coverage of both imports and exports have not been done properly and as a result the company is facing loses in insurance claims. You are advised to give the following suggestions:

a. What type of insurance coverage should be opted for covering the insurance of
imports and exports? (5 Marks)
b. How the loss will be eradicated with your suggestions? (5 Marks)

Dear students to get solved assignments of NMIMS MBA DECEMBER 2018
GET SOLVED ASSIGNMENTS
Mail us at [email protected]
SWATI 9667476793(WHATSAPP )