Troy University Global Marketing Micro Challenge Export Price Memorandum

Your manager’s memo to you is below. In it your manager is giving you tasks to address regarding international trade. You are not expected to be an expert, just willing and able to use the resources available to develop an accurate response.

Your memo should start with an introduction that reminds the manager what s/he requested you to do. Next, overview the information your manager can expect to find in your memo. After that, respond to each topic you were requested to address in sequence. For each topic, your response should clearly state the question(s) you understood you were to address. Then give a written response to the question that summarizes the source information. Your written response should then be supported with (1) an image that shows the specific source information you used, and (2) a weblink to that source in case your manager wants to seek out additional information. Note: An image does not replace your written response, it only shows the source information used. Finally, you may choose to provide a conclusion to your memo.

Images may be screen clipped to include them. That image should show the name of YOUR COUNTRY/YOUR STATE.(YourCOUNTRY should be Malta and YOUR STATE should be Minnesota)

o: You

From: Your Manager

Date: November 15, 2021

Subject: Export Price

Now that shipping details have been considered, clients need some additional information to estimate landed cost for export pricing purposes. They have contacted your company for help.

Consider each subject, examine sources, and provide a brief response. Screen clip and include an image of your source material. That image should show the name of YOUR COUNTRY/YOUR STATE and the exact information that supports your response. If you cannot find the exact information, use a port very close by to get a rough idea.

Note: Use highlights to indicate key information.

Some potential sources you might find helpful are provided.

1. Collect the specific information needed to estimate the export price or “landed” cost for their product – roasted, decaffeinated instant coffee (in bulk) – which is to be exported from YOUR STATE in the US to YOUR COUNTRY. To estimate landed cost for pricing purposes, the company will need the information below. This video on how to determine total export price HERE (Links to an external site.) will help.

A. Determine the US’ 6-Digit HS Code for that product. (The Schedule B Search Engine is HERE (Links to an external site.).)

B. Determine the tariff category used for imports into YOUR COUNTRY from the US (“General Rate,” “Most Favored Nation” (MFN) Rate, OR “United States of America Rate”). MFN rates apply to WTO members. A list of WTO members can be found HERE (Links to an external site.). A list of countries with Free Trade Agreements with the US which would have a special rate is HERE (Links to an external site.).

C. The US company will be shipping a 40′ standard Full Load Container (FCL) of the product to YOUR COUNTRY. Invoice value of the shipment is $20,000. Insurance is 10% of invoice value.

2. Estimate the market rate for ocean freight from YOUR STATE to YOUR COUNTRY in US dollars.

A. Using the two relevant maritime ports and the containerized shipping option, get the current market rate estimate in dollars between these two ports. Use the higher end of the range for your calculations. (Use the Freight Calculator tool available at World Freight Rates HERE (Links to an external site.))

3. Calculate CIF. Show all your calculations.

4. Determine tariffs and taxes.

A. Based on the tariff category, determine the tariff percentage and calculate the duty that would be associated with these imported products. Access the US Country Commercial Guide for YOUR COUNTRY HERE (Links to an external site.) and look under the “Customs, Regulations & Standards” tab for Import Tariffs. Use the average tariff rate and calculate it (CIF).

B. Determine the value-added tax (VAT). Access the US Country Commercial Guide for YOUR COUNTRY HERE (Links to an external site.) and look under the “Customs, Regulations & Standards” tab for Import Tariffs or Customs Regulations to get the value-added tax (VAT). You may have to connect to a national website but many have a translation option. Use the average rate and calculate it (CIF+duty amount).

5. Estimate the landed cost. Show your calculations. This video on how to determine total export price HERE (Links to an external site.) will help.

6. What are the import requirements needed for YOUR COUNTRY? Provide a list of the import documents needed for YOUR COUNTRY?

A. Access the US Country Commercial Guide for YOUR COUNTRY HERE and look under the “Customs, Regulations & Standards” tab for Import Requirements and Documentation.

7. Is there a customs broker that has an office in YOUR COUNTRY?

A. Visit the website of two customs brokers with offices in YOUR COUNTRY. Private companies are desired. Detail the services that each company provides. Provide contact information for each.

another simple quretion:

1.Find an example of a company in YOUR COUNTRY(Malta) that engages in a Corporate Social Responsibility initiative. Include the weblink.

2.What is the purpose of that company’s initiative (what are they trying to accomplish). Classify the purpose of their initiative as either ethical, environment, or social. Justify your response. Describe what the company does for their initiative? Include an image if one is available.

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