Thanks Curt. Both you and Walter are spot on.
In this particular case, I want each clip as a separate composition in AE, therefore it makes sense to put each clip into a sequence in Premiere before importing it into AE. Although maybe there is a script in PP or AE that might facilitate this process. So I’ll have to look into that as well.
That said, for most of my projects, it looks like importing a single sequence from Premiere will do the trick.
But what if I wanted to chop the file into independent files? Would it be best to chop it up in Premiere and then export with a lossless or near-lossless codec?
Has anyone used Prelude for creating clips from large files?