The Role of the Ocean Transportation Intermediary (OTI)

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Presentation transcript:

The Role of the Ocean Transportation Intermediary (OTI)

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)

OTI’s Involvement I.Provide Information II.Prepare Documentation III.Move the Shipment

Provide Information Available Steamship Service Port Capabilities Packing Requirements Containerization Options Freight Charges: –Handling Fees –Port Fees, etc.

Prepare Documentation Export Clearance Carriage Insurance Destination Clearance Banking

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

OTI’s Receive Compensation From… Shipper –Documentation and Forwarding Fees Ocean Carrier –Brokerage (commission) Inland Carrier –Property Brokerage Insurance Provider –Markup of premium

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.

Fin