The webinar began at 9:03 a.m. The prayer was followed by the national anthem and the HCDC Mission-Vision Goals. The BSCA program chairperson, Sir Aljun Lozano, conducts the opening remarks and introduces the guest speaker.
The guest speaker began her presentation by demonstrating the house rules, which are to listen and only ask questions after the presentation. The next slide illustrates the traditional cargo flow. The guest speaker then goes on to talk about regulatory government compliances. When operating a freight forwarding firm, the company must get SEC and DTI registration. The guest speaker then discusses the accrediting regulatory agency. When shipping by sea, it is necessary to register with the DTI's FTAB department. If it is for airfreight, it must be registered with CAB. For manifestation or consolidation, accreditation as an NVOCC or freight forwarder is also required. The guest speaker then shows us the example of DTI, CAB and BOC NVVOC Accreditation Certificate. The guest speaker stated that the DTI is secured on an annual basis, but the CAB is released every five years. The guest speaker proceeds her topic to INCOTERMS. Incoterms are a collection of 11 globally recognized standards that specify the duties of both sellers and buyers. Incoterms define who is responsible for paying for and handling the cargo, as well as for insurance, documentation, customs clearance, and other logistical tasks. According to the guest speaker, the most often used Incoterms are Ex-works, CFR, CIF, and FOB. The guest speaker then displays a visual illustration of incoterm 2010: risk transfer from seller to buyer. The guest speaker then said that the reason a freight forwarder must understand incoterms is so that they know what they would be paying for when they book a cargo.
The guest speaker then discusses the flow, procedure, and documentation that must be prepared when dealing with inbound or import. Inbound or importation begins when the conveying vessel or plane enters Philippine territory, according to the section 103 of CMTA. The basic procedure for inbound/import is to first get a pre-alert from an overseas agency, then prepare documentation for manifestation and finally release the shipment to the consignee. The guest speaker then presents a pre-alert from a basic inbound/import procedure, a bill of lading sea land master bill of lading and Newport combination bill of lading, and a digital version of a validated manifest.
The final topic of her discussion was outbound or export. According to the guest speaker, export is always the best commerce for the country of origin and what the forwarder truly desires. Outbound/export operations begin with receiving bookings from shippers, processing MBL and HBL, and sending pre-alerts to overseas agents. The guest speaker next gave us a visual display of the pre-alert, a message from the shipper confirming that all information were received in good order, and an example of a master bill of lading and a house bill of lading. The discussion then quickly ended.