october 14, 2010 city of los angeles, port of los angeles, los angeles world airports procon &...
TRANSCRIPT
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October 14, 2010
City of Los Angeles, Port of Los Angeles, Los Angeles World Airports
PROCON & ASIAN GLOBAL SOURCING CONFERENCE
Southern California Trade Gateway
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Panel II: Global Trade, Operations & Legal
Logistics challenges & solutions in trade Mitigating risk in global business Legal and IP issues in the US & abroad
Moderator: Norman Arikawa, Port of Los Angeles Panelists:
Jim MacLellan, Director, Trade Services, Port of Los AngelesLowell Anderson, Attorney, Stetina Brunda Garred & BruckerRoger Clarke, Chair, L.A. Customs Brokers & Freight
Forwarders AssociationRosia Senh, International Sales, UPS
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• Exports of goods from the L.A. Customs District surpassed $86 Billion in 2009
The Time is Right to Export !The Time is Right to Export !
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Why Export?Why Export?• The U.S. Dollar has been steadily
weakening for the past few years• Asian demand for basic U.S. products
such as waste paper, metal scrap & plastic resins has been strong for years
• However, manufactured exports have been increasing strongly in the last two years
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Why Export?Why Export?• Demand for California agriculture
products such as cotton, citrus products, almonds, dairy products & wine has been strong
• High value exports such as computer chips, communications equipment, medical / dental equipment, aircraft & machinery parts has increased
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• Computers, chips & elect. circuits• Aircraft & parts• Cotton• Vehicles & parts• Machinery parts• Medical & Dental equipment• Cellular & communication equip. parts• Polymers
TOP EXPORT COMMODITIES L.A. Customs District (2009)TOP EXPORT COMMODITIES L.A. Customs District (2009)
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Top 10 L.A. Trading PartnersTop 10 L.A. Trading Partners
1. China ($115 billion)
2. Japan ($32 billion)
3. Korea ($15 billion)
4. Taiwan ($11 billion)
5. Thailand ($8 billion)
6. Australia ($7 billion)
7. Malaysia ($7 billion)
8. Singapore ($6 billion)
9. Vietnam ($5 billion)
10. Hong Kong ($6.9 billion)
Cargo Value (2006)
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Export Document FlowExport Document FlowA. Commercial
• Commercial InvoiceB. Financial
• Letter of CreditC. Shipping
• Bill of Lading (or Air Way Bill)
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Terms of Sale Terms of Sale “ How Do I Minimize Risk ? “
• What are INCOTERMS; can they reduce risk ?
• How do they relate to Terms of Sale ?
• Control & define the point where ownership of the cargo transfers to the buyer !
• Trade Insurance
• Certificate of Inspection
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Ocean Carriers
• Original Bill Of Lading• Intermodal Bill of Lading• Door – to – Door Lading
Export Responsibilities Export Responsibilities
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