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Published byChester Sullivan Modified over 9 years ago
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The Role of the Ocean Transportation Intermediary (OTI)
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OTI OTI’s combine the former operations of International Freight Forwarders (IFF) and Non Vessel Operating Common Carriers (NVOCC) They are regulated by the Federal Maritime Commission (FMC)
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OTI’s Involvement I.Provide Information II.Prepare Documentation III.Move the Shipment
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Provide Information Available Steamship Service Port Capabilities Packing Requirements Containerization Options Freight Charges: –Handling Fees –Port Fees, etc.
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Prepare Documentation Export Clearance Carriage Insurance Destination Clearance Banking
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Move the Shipment Secure (book) space on the carrier Arrange for container to be placed for loading Arrange for any required inspections, fumigations, etc. Secure the on-board carrier bill of lading
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OTI’s Receive Compensation From… Shipper –Documentation and Forwarding Fees Ocean Carrier –Brokerage (commission) Inland Carrier –Property Brokerage Insurance Provider –Markup of premium
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The Ocean Transportation Intermediary coordinates the various parties involved in the cargo movement and the services provided are based on the needs of the individual shipper.
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Fin
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