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STEP E: ORGANIZING THE LOGISTICS

5 November, 2015 - 14:33

Once financial arrangements have been completed, the company's staff must do three things: document the export order, pack and mark the export shipment, and insure the export shipment. Many documents are used in ordinary international transactions (see Table 10.2). These documents must be filled out completely and accurately to prevent delays in shipping and to assure payment for the goods.

For information on packing and marking export shipments, many companies consult foreign freight forwarders, marine insurance brokers, or professional export packing companies. Such companies may also provide insurance for the export shipments, as can an insurance broker or agent experienced in handling marine cargo insurance. Ocean marine cargo insurance covers losses or damages incurred in transit by mail, air, or ocean-going vessel. Either buyer or seller may arrange for insurance, depending on the agreement between the two. There are basically three types of policies offered: open cargo policies, contingent interest policies, and specialized policies.