What occurs when you grant power of attorney to a freight forwarder?

Granting power of attorney to a freight forwarder primarily facilitates the electronic submission of export documentation. This arrangement allows the freight forwarder to act on behalf of the exporter in a legal capacity, which enables them to prepare and submit necessary paperwork for exporting goods. It streamlines the export process, as the freight forwarder can handle critical documents such as bills of lading, customs declarations, and other export forms efficiently.

This delegation of authority means the freight forwarder can ensure compliance with regulations and expedite the logistics of moving goods across borders. In the complex landscape of global trade, having the ability to electronically manage documentation is vital for timely and accurate shipments.

While other options touch on aspects of a freight forwarder's capabilities, they do not accurately capture the main function of power of attorney in this context. For instance, negotiating better shipping rates may be a part of what they do but isn't a direct function derived from granting power of attorney. Similarly, while the forwarder may handle certain aspects of the export business, they do not assume complete control over the entire operation or become liable for all shipping damages, as liability typically remains with the exporter unless otherwise agreed upon.