Lesson 7 Transportation.pptVIP

Lesson 7 Transportation Lesson 7 Transportation Learning Point From this lesson, we should know the functions of transportation, the modes of transportation, bill of lading, how to make shipment correctly and deal with shipping problems in international business transactions. Lesson 7 Transportation Background Knowledge Transportation is fundamental to the development and operation of an industrial society. The freight system includes several distinct forms of transportation, called modes. The five major modes are water, rail, truck, pipeline, and air. And sometimes even multimodal ways is used in international cargo transportation. Shipping is the most extensively used form of transportation in the international trade. For instance, more than eighty percent of China’s exports are carried by sea-going ships. The most important shipping document is the bill of lading, or B/L for short, which is a document signed by or on behalf of the master of a carrying vessel, certifying that the goods have been received on board in good order for transportation and delivery as specified in the document. Lesson 7 Transportation The Bill of Lading fulfils at least three important functions: first, it serves as a receipt for goods signed by the shipping company (carrier) and given to the shipper (consignor); second, it is also evidence of a contract of carriage between the carrier and the consignor; and third, it conveys a document of title because the legal owner of the bill of lading is the owner of the goods it covers. Lesson 7 Transportation Case Study Lesson 7 Transportation Wrong interpretation of the convention (the first meeting) F: It looks like we can come to a deal now. At this price (referring to the firm offer C has for him), Id like to purchase 100 dozen of each of your men’s and women’s gloves. C: Okay. Let me repeat what you’ve just said to see if I understand you correctly. Your purchase will be