GISTnet Tips: 21 Mar 2001
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General: When you give a shipment to a trucker are you aware of what the carrier's legal liability limit is for loss or damage to the cargo? See GISTnet text: "Carrier-to-Shipper Relationship" (Common Carriage vs. Contract Carriage) at http://www.gistnet.com/sub/text/2:q90.html, and in particular "Common Carriage Masquerading as Contract Carriage" http://www.gistnet.com/sub/text/2:q90.html#2:4-1-54. Customs Brokers/Importers: Do you know what types of commissions are dutiable and which are not? See GISTnet glossary at: http://www.gistnet.com/sub/glossary/selling_commission.html. Freight Forwarders/Exporters: Have you ever wrestled with a negotiating bank over an L/C discrepancy? Increase your understanding of L/Cs -- begin with the GISTnet glossary at: http://www.gistnet.com/sub/glossary/letter_of_credit.html, which also provides links at the bottom back to sections of our text. Also, review "Letter of Credit Processing Steps" http://www.gistnet.com/sub/text/2:k249.toc.