NMIMS CUSTOM SHIPPING AND INSURANCE ASSIGNMENT DEC 2021

CUSTOM SHIPPING AND INSURANCE 1. While scrutnising import documents of one cargo in your office you observe that the currency shown in the invoice is EURO while the Letter of Credit was opened for USD. The purchase order is also on USD. The consignment has already landed in the Indian port. What is your action plan on this to get the consignment cleared? 2. You are working with a Customs broker company. Your customer has exported one break bulk consignment by sea and your company is handling the export customs clearance. While loading shipping company has noticed 5 damaged wooden crates and Mate receipt has been held up. How will you get a clean Mate receipt from the shipping company? Please explain, your Head of the department, details about Mate receipt and give your way of sorting out this issue. 3. One imported consignment of 20 feet container containing electronic goods got damaged in transit. You have noticed the damages at the time of unloading at your warehouse. You have to file an insurance claim and also assess the loss. a. Your company wants you to submit the list of documents/procedures to file the claim. Give a complete list of documents/action plan of filing an insurance claim. b. Assess the loss and find the reasons for the damages.