2 Lessons
Ocean Forwarder Fees, Charges, and Compensation
- FMC prohibition against an ocean forwarder sharing its fees with an unlicensed party
- What entitles a forwarder to earn and accept “forwarder compensation” from an ocean carrier
- FMC prohibition of rebating “forwarder compensation” to a shipper
3 Lessons
Ocean Forwarder Liability & Relationships With Carriers
- International rules governing ocean carriage and carrier liability
- How cargo insurance addresses a shipper’s risk of loss, door-to-door
- Understand the unique “sea adventure” shared risk relationship between a shipper and an ocean vessel operator
3 Lessons
Shipper-Ocean Forwarder Relationships & Responsibilities
- Basic forwarder responsibilities as agent of the shipper
- Why it is good practice to have a comprehensive written agreement between a forwarder and shier covering terms and conditions of service
- Shipper and forwarder responsibilities under U.S. Foreign Trade Regulations and Export Administration Regulations
6 Lessons
Basics of US (FMC) Regulation of Ocean Cargo Transportation
- Key ways in which “OSRA 22” increased FMC regulation over shipping lines and ocean cargo terminals
- FMC requirements for NVOCCs to ship cargo through U.S. ports
- Adverse consequences that a forwarder found in violation of regulations may face, including FMC fines and sanctions
2 Lessons
Ocean Cargo & Multimodal Transportation
- Meaning of “through” cargo transportation
- Single mode vs. multimodal (intermodal) through transportation
- Benefits of a single through bill of lading
2 Lessons
Ocean Common Carrier Relationships and Competition
- Understand the unique “sea adventure” shared risk relationship between a shipper and an ocean vessel operator
- International rules governing ocean carriage and carrier liability
- How cargo insurance addresses a shipper’s risk of loss, door-to-door
5 Lessons
Basics of Ocean Cargo Transport
- Benefits of containerization in shipping
- Types of intermodal containers and chassis
- Contemporary container ship itineraries