EXIM & Cargo

A
PRESENTATION
ON
EXPORT, IMPORT, CARGO & LETTER OF
CREDIT

CONTENTS
INTRODUCTION TO EXPORT &
IMPORT
IMPORTANCE OF EXPORT &
IMPORT
INCOTERMS 2010
CARGO SHIPMENT PROCEDURES
& ALLIED DOCUMENTATIONS
TERMS OF PAYMENTS
INTRODUCTION TO LETTER OF
CREDIT
1
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6

CONTENTS
INTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
INTRODUCTION TO LETTER
OF CREDIT & ITS FEATURES
1
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INTRODUCTION TO EXPORT & IMPORT
To send goods or services across national frontiers for the
purpose of selling and realizing foreign exchange.
EXPORT
To have a product (goods and services) shipped into a country
or region in return of equivalent value (both money and
goods).
IMPORT
In both the above scenarios…
Seller (& his country) is known as Exporter
Buyer (& his country) is known as Importer
Exported goods or services or both are known as Product

CONTENTS
INTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
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India's total merchandise trade stood at $794 billion in 2012,
according to the Export-Import Bank of India (Exim bank).
Exports
A publication on India's trade and investment by Exim bank
highlights the trend in exports moving towards southern
countries, particularly in the Asia and Africa regions.
India's key exports in 2012 were petroleum products which
generated $56bn, followed by gems and jewellery with $47bn.
Pharma products, transport equipment, machinery and
readymade garments are also big exports for India.
The 2012 data shows that the United Arab Emirates (UAE)
was India's biggest export market, closely followed by the
USA.
India’s total exports during the period from April 2011 to
March 2012 stood at US$305,963.92 millions.
INDIA

CONTENTS
INTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
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Imports
Crude petroleum is India's biggest import with $155bn spent
on it in 2012. Imports of gold and silver amounted to $62bn
and electronic goods and pearls and precious stones are also
top import items for the country.
India's top import source is China followed by the UAE,
Switzerland and Saudi Arabia. The UK came in at 21st place
in 2011-12 with India importing a total of $7.7bn. In the six
months recorded so far for 2012-13, the UK has dropped a
place and has a 1.4% share of the India's import sources.
India’s total imports during the period from April 2011 to
March 2012 stood at US$489,319.49 millions.
Conclusion
India is an importing country with gross deficit of
US$183,355.57 million.
INDIA

CONTENTS
INTRODUCTION TO
EXPORT & IMPORT
IMPORTANCE OF EXPORT
& IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
1
2
3
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IMPORTANCE OF EXPORT & IMPORT
1. A Competitive Edge
Trading your products internationally can give you an
advantage over competition. This holds especially true for
products that aren’t widely available overseas. As the
international market for your good gets bigger, sales increase,
giving you an advantage over others in your industry.
2. Economies of Scale in Production
Companies engaging in international trade experience
improved efficiency brought on by the presence of economies
of scale in production. Simply put, more output can be created
at lower costs bringing about major savings.
3. New Markets
International trade can give you the opportunity to understand
the varied market trends that can affect your business. It is
common business saying that 95% of a company’s prospective
market is situated out of the country. And it just won’t be wise
to forego such a huge potential for business, leads, profits and
thus business growth.

CONTENTS
INTRODUCTION TO
EXPORT & IMPORT
IMPORTANCE OF EXPORT
& IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
1
2
3
4
5
6
IMPORTANCE OF EXPORT & IMPORT
4. Insulation From Seasonal Domestic Sales
For business concerns that offer season specific services or
products, expanding operations to overseas is a perfectly
viable way of staying busy and making money all year
around. And staying in business all year round is a great way
of outmaneuvering competitors. International trade can
introduce a company to whole new foreign markets.
5. Improved Return on Investments
Spreading your risk in foreign markets and companies means
that your organization won’t only be subjected to the
tribulations of the native economy. This diversification can
shield their businesses from the investment risk of putting all
their eggs in one basket.

CONTENTS
INTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
1
2
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6
INCOTERMS 2010
International Chamber of Commerce, for the purpose of
common understanding, came up with the eighth version of
internationally accepted commercial terms which are still in
use.
These terms are known as INCOTERMS 2010, published on
1st January, 2011.

CONTENTS
INTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
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INCOTERMS 2010
1. EXW – Ex Works (named place of delivery)
The Seller makes the goods available at his/her premises. The
risk of goods transfers to the Buyer from Loading onwards.
2. FCA - Free Carrier (named place of delivery)
The seller delivers goods to a named airport, terminal, or other
place where the carrier operates. Costs for transportation and
risk of loss transfer to the buyer after delivery to the carrier.
3. CPT – Carriage Paid To (named place of destination)
The seller pays for carriage. Risk transfers to buyer upon
handing goods over to the first carrier at place of shipment in
the country of Export. Buyer fully responsible for arranging
carrier payment of freight for same Export clearance in
Exporting country and Import clearance in Importing country.

CONTENTS
INTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
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INCOTERMS 2010
4. FAS – Free Alongside Ship (named port of shipment)
The seller delivers when the goods are placed alongside the
buyer's vessel at the named port of shipment. This means that
the buyer has to bear all costs and risks of loss of or damage to
the goods from that moment. The FAS term requires the seller
to clear the goods for export.
5. FOB – Free on Board (named port of shipment)
The seller must advance government tax in the country of
origin as commitment to load the goods on board a vessel
designated by the buyer. Cost and risk are divided when the
goods are actually on board of the vessel.
6. CFR – Cost and Freight (named port of destination)
Seller pays the costs and freight to bring the goods to the port
of destination. However, risk is transferred to the buyer once
the goods are loaded on the vessel. Insurance for the goods is
NOT included. This term is formerly known as CNF (C&F, or
C+F).

CONTENTS
INTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
1
2
3
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INCOTERMS 2010
7. CIF – Cost, Insurance and Freight (named port of
destination)
Exactly the same as CFR except that the seller must in
addition procure and pay for the insurance.
8. DAT – Delivered at Terminal (named terminal at port
or place of destination)
This term means that the seller covers all the costs of transport
(export fees, carriage, insurance, and destination port charges)
and assumes all risk until after the goods are import
duty/taxes/customs costs. Buyer is responsible for unloading.
9. DAP – Delivered at Place (named place of destination)
The seller is responsible for arranging carriage and for
delivering the goods, ready for unloading from the arriving
conveyance, at the named place. Duties are not paid by the
seller under this term.

CONTENTS
INTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
1
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INCOTERMS 2010
10. DDP – Delivered Duty Paid (named place of
destination)
Seller is responsible for delivering the goods to the named
place in the country of the buyer, and pays all costs in bringing
the goods to the destination including import duties and taxes.
The seller is not responsible for unloading. With the delivery
at the named place of destination all the risks and
responsibilities are transfered to the buyer and it is considered
that the seller has completed his obligations.

CONTENTS
INTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
1
2
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AND ALLIED DOCUMENTATION
EXPORT-IMPORT PROCESS
Importer takes delivery
Importer releases payment and gets documents
Documents sent to Importer
Goods shipped
Inspection & custom clearance done
Goods and documents sent to customs
Preparation of documents done
Production of goods done
Samples and artworks approved by Importer
Pre-production Sampling done
Exporter Receives Purchase Order

CONTENTS
INTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
1
2
3
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1. Contract/ Letter of Credit/ Purchase Order
This is a document containing instruction to the exporter by
the importer, and exporter’s acceptance on the same that, if the
beneficiary fulfills the stipulated conditions of providing the
goods under certain conditions and up to certain amounts, the
importer shall purchase the exported goods.
2. Invoice
It is a document which shows the total amount of the goods
and the description of goods.
3. Packing list
It is a detailed document provided by the exporter that spells
out how many containers there are in the shipment and which
merchandise is contained in each container.
EXPORT DOCUMENTATION

CONTENTS
INTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
1
2
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4. Forms AR-4/AR-4A
These forms are meant for applying for the removal of
excisable goods for export by sea/post. Form AR-4 is used for
applying for excise inspection at the factory and form AR-4A
is used when goods are to be exported under a claim for rebate
of excise duty or under bond.
5. Form SDF
This document is submitted to customs authorities by
exporters verifying that shipping bills are accurate and
complete. An exporter confirms on form SDF that the amount
paid by the buyer is the same as the full export value stated on
the shipping bill.

CONTENTS
INTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
1
2
3
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6. Certificate of Origin
A document provided by the exporter’s chamber of commerce
that attests that the goods originated from the country in which
exporter is located.
7. Inspection Crtificate
This is a document clarifying the goods have passed Indian
customs department’s inspection.
8. Certificate of insurance
A document providing by the insurance company of the
exporter that the goods are insured during their international
voyage.

CONTENTS
INTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
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9. Shipping bill
It is issued by the custom authority. Shipping is the main
document of the basic of which the custom permission is
given. After the shipping bill is stamped by custom, then only
the goods are allowed to be enter to the deck. It is prepared by
EDI system or manually system.
10. Bill of lading
A generic term used to describe a document issued by the
carrier to the shipper.
11. Bank Realization Certificate
After the payment is received in return for the exports made,
BRC is submitted to the Exporter’s bank. It is a declaration to
the RBI that such payment is received for exports made under
such Shipping Bill.

CONTENTS
INTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
1
2
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1. Bill of Entry
Bill of entry is one of the major import document for import
customs clearance. Bill of Entry is the legal document to be
filed by CHA or Importer duly signed. Bill of entry must be
filed within thirty days of arrival of goods at a customs
location.
2. Commercial Invoice
Invoice is the prime document in any business transactions.
Invoice is one of the documents required for import customs
clearance for value appraisal by concerned customs official.
Assessable value is calculated on the basis of terms of delivery
of goods mentioned in commercial invoice produced by
importer at customs location.
IMPORT DOCUMENTATION

CONTENTS
INTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
1
2
3
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3. Bill of Lading / Airway bill
Bill of lading under sea shipment or Airway bill under air
shipment is carrier’s document required to be submitted with
customs for import customs clearance purpose. Bill of lading
or Airway bill issued by carrier provides the details of cargo
with terms of delivery.
4. Import License
Import license may be required as one of the documents for
import customs clearance procedures and formalities under
specific products.

CONTENTS
INTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
1
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5. Insurance certificate
Insurance certificate is a supporting document against
importer’s declaration on terms of delivery. Insurance
certificate under import shipment helps customs authorities to
verify, whether selling price includes insurance or not. This is
required to find assessable value which determines import
duty amount.
6. Purchase order/Letter of Credit
A purchase order reflects almost all terms and conditions of
sale contract which enables the customs official to confirm on
value assessment. If an import consignment is under letter of
credit basis, the importer can submit a copy of Letter of Credit
along with the documents for import clearance.

CONTENTS
INTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
1
2
3
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5
6
7. GATT/DGFT declaration
As per the guidelines of Government of India, every importer
needs to file GATT declaration and DGFT declaration along
with other import customs clearance documents with customs.
GATT declaration has to be filed by Importer as per the terms
of General Agreement on Tariff and Trade.

CONTENTS
INTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
1
2
3
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TERMS OF PAYMENTS
1. Payment In Advance
This method does not involve any risk of bad debts, provided
entire amount has been received in advance. At times, a
certain per cent is paid in advance, say 50% and the rest on
delivery.
2. Documentary Bills:
Under this method, the exporter agrees to submit the
documents to his bank along with the bill of exchange.
3. Documents Against Payment (D/P): The documents are
released by Bank to the importer against payment. This
method indicates that the payment is made against Sight Draft.
4. Documents Against Acceptance (D/A): The documents
are released by bank against acceptance of the Time Draft i.e.
credit allowed for a certain period, say 90 days.
5. Letter Of Credit (L/C):
This method of payment has become the most popular form in
recent times, it is more secured as company to other methods
of payment (other than advance payment).

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1. Applicant (Opener)
Applicant which is also referred to as account party is
normally a buyer or customer of the goods, who has to make
payment to beneficiary. LC is initiated and issued at his
request and on the basis of his instructions.
2. Issuing Bank (Opening Bank)
The issuing bank is the one which creates a letter of credit and
takes the responsibility to make the payments on receipt of the
documents from the beneficiary or through their banker. The
payments has to be made to the beneficiary within seven
working days from the date of receipt of documents at their
end, provided the documents are in accordance with the terms
and conditions of the letter of credit.
PARTIES OF LETTER OF CREDITINTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
INTRODUCTION TO
LETTER OF CREDIT & ITS
FEATURES
LETTER OF CREDIT

CONTENTS
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3. Beneficiary
Beneficiary normally stands for a seller of the goods, who has
to receive payment from the applicant. A credit is issued in his
favour to enable him or his agent to obtain payment on
surrender of stipulated document and comply with the term
and conditions of the L/c. If L/c is a transferable one and he
transfers the credit to another party, then he is referred to as
the first or original beneficiary.
4. Advising Bank
An Advising Bank provides advice to the beneficiary and
takes the responsibility for sending the documents to the
issuing bank and is normally located in the country of the
beneficiary.
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
INTRODUCTION TO
FEATURES
LETTER OF CREDIT

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5. Confirming Bank : Confirming bank adds its guarantee to
the credit opened by another bank, thereby undertaking the
responsibility of payment/negotiation acceptance under the
credit, in additional to that of the issuing bank. Confirming
bank play an important role where the exporter is not satisfied
with the undertaking of only the issuing bank.
6. Negotiating Bank
The Negotiating Bank is the bank who negotiates the
documents submitted to them by the beneficiary under the
credit either advised through them or restricted to them for
negotiation. On negotiation of the documents they will claim
the reimbursement under the credit and makes the payment to
the beneficiary provided the documents submitted are in
accordance with the terms and conditions of the letters of
credit.
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
INTRODUCTION TO
FEATURES
LETTER OF CREDIT

CONTENTS
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7. Reimbursing Bank
Reimbursing Bank is the bank authorized to honor the
reimbursement claim in settlement of
negotiation/acceptance/payment lodged with it by the
negotiating bank. It is normally the bank with which issuing
bank has an account from which payment has to be made.
8. Second Beneficiary
Second Beneficiary is the person who represent the first or
original Beneficiary of credit in his absence. In this case, the
credits belonging to the original beneficiary is transferable.
The rights of the transferee are subject to terms of transfer.
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
INTRODUCTION TO
FEATURES
LETTER OF CREDIT

CONTENTS
INTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
INTRODUCTION TO
FEATURES
1
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LETTER OF CREDIT
1. Buyer and seller agree to terms including means of
transport, period of credit offered (if any), and latest date of
shipment acceptable.
2. Buyer applies to bank for issue of letter of credit. Bank will
evaluate buyer's credit standing, and may require cash cover
and/or reduction of other lending limits.
3. Issuing bank issues LC, sending it to the Advising bank by
airmail or electronic means such as telex or SWIFT.
4. Advising bank establishes authenticity of the letter of credit
using signature books or test codes, then informs seller
(beneficiary).
PROCESS

CONTENTS
INTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
INTRODUCTION TO
FEATURES
1
2
3
4
5
6
LETTER OF CREDIT
5. Seller should now check that LC matches commercial
agreement and that all its terms and conditions can be
satisfied.
6. Seller ships the goods, then assembles the documents called
for in the LC (invoice, transport document, etc.).
7. The Advising bank checks the documents against the LC. If
the documents are compliant, the bank pays the seller and
forwards the documents to the Issuing bank.
8. The Issuing bank now checks the documents itself. If they
are in order, it reimburses the seller's bank immediately.
9. The Issuing bank debits the buyer and releases the
documents (including transport document), so the buyer can
claim the goods from the carrier.
PROCESS

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1. Revocable Letter of Credit L/c
A revocable letter of credit may be revoked or modified for
any reason, at any time by the issuing bank without
notification. It is rarely used in international trade and not
considered satisfactory for the exporters but has an advantage
over that of the importers and the issuing bank.
2. Irrevocable Letter of Credit L/c
In case of L/C with Irrevocable clause, it is not possible to
revoke or amend a credit without the agreement of the issuing
bank, the confirming bank, and the beneficiary. From an
exporter’s point of view it is believed to be more beneficial.
An irrevocable letter of credit from the issuing bank ensures
the beneficiary that if the required documents are presented
and the terms and conditions are complied with, payment will
be made.
FEATURES/CLAUSES OF LETTER OF CREDITINTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
INTRODUCTION TO
FEATURES
LETTER OF CREDIT

CONTENTS
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3. Confirmed Letter of Credit L/c
Confirmed Letter of Credit is a special type of L/c in which
another bank apart from the issuing bank has added its
guarantee. Although, the cost of confirming by two banks
makes it costlier, this type of L/c is more beneficial for the
beneficiary as it doubles the guarantee.
4. Sight Credit and Usance Credit L/c
Sight credit states that the payments would be made by the
issuing bank at sight, on demand or on presentation. In case of
usance credit, draft are drawn on the issuing bank or the
correspondent bank at specified usance period. The credit will
indicate whether the usance draft are to be drawn on the
issuing bank or in the case of confirmed credit on the
confirming bank.
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
INTRODUCTION TO
FEATURES
LETTER OF CREDIT

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5. Back to Back Letter of Credit L/c
Back to Back Letter of Credit is also termed as Countervailing
Credit. A credit is known as back to back credit when a L/c is
opened with security of another L/c.
The parties to a Back to Back Letter of Credit are:
1. The buyer and his bank as the issuer of the original Letter
of Credit.
2. The seller/manufacturer and his bank.
3. The manufacturer's subcontractor and his bank.
The practical use of this Credit is seen when L/c is opened by
the ultimate buyer in favour of a particular beneficiary, who
may not be the actual supplier/ manufacturer offering the main
credit with near identical terms in favour as security and will
be able to obtain reimbursement by presenting the documents
received under back to back credit under the main L/c.
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
INTRODUCTION TO
FEATURES
LETTER OF CREDIT

CONTENTS
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6. Transferable Letter of Credit L/c
A transferable documentary credit is a type of credit under
which the first beneficiary which is usually a middleman may
request the nominated bank to transfer credit in whole or in
part to the second beneficiary.
The L/c does state clearly mentions the margins of the first
beneficiary and unless it is specified the L/c cannot be treated
as transferable. It can only be used when the company is
selling the product of a third party and the proper care has to
be taken about the exit policy for the money transactions that
take place.
This type of L/c is used in the companies that act as a middle
man during the transaction but don’t have large limit. In the
transferable L/c there is a right to substitute the invoice and
the whole value can be transferred to a second beneficiary.
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
INTRODUCTION TO
FEATURES
LETTER OF CREDIT

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6. Transferable Letter of Credit L/c
The first beneficiary or middleman has rights to change the
following terms and conditions of the letter of credit:
1. Reduce the amount of the credit.
2. Reduce unit price if it is stated
3. Make shorter the expiry date of the letter of credit.
4. Make shorter the last date for presentation of documents.
5. Make shorter the period for shipment of goods.
6. Increase the amount of the cover or percentage for which
insurance cover must be effected.
7. Substitute the name of the applicant (the middleman) for
that of the first beneficiary (the buyer).
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
INTRODUCTION TO
FEATURES
LETTER OF CREDIT

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ANY QUESTIONS?
PLEASE ASK………
INTRODUCTION TO
EXPORT & IMPORT
IMPORT
INCOTERMS 2010
CARGO SHIPMENT
PROCEDURES & ALLIED
DOCUMENTATIONS
TERMS OF PAYMENTS
INTRODUCTION TO
FEATURES

M A D E B Y : G H A N S H Y A M D A S S H A R M A
D A T E D : 5 T H M A Y , 2 0 1 4

EXIM & Cargo

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