The exporter books an air freight flight, arranges for the cargo to be delivered to the airport and loaded onto the aircraft. The aircraft then flies to the destination airport where the cargo is unloaded and cleared by customs and transportation agents before being delivered to the importer's warehouse. Proper documentation such as the HAWB, export permits, and import permits are required to facilitate the international air freight of goods.
Some of the documents required in export transaction are preliminary inquiry and offer, confirmation of order, export license, finance among others. There are two dozen commercial and regulatory documents that are involved in the pre-shipment stage of an export transaction.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
Some of the documents required in export transaction are preliminary inquiry and offer, confirmation of order, export license, finance among others. There are two dozen commercial and regulatory documents that are involved in the pre-shipment stage of an export transaction.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
The term import is derived from the conceptual meaning as to bring in the goods and services into the port of a country. The buyer of such goods and services is referred to an "importer" who is based in the country of import where the overseas based seller is referred to as an "exporter". Thus an import is any good(e.g. a commodity) or service brought in from one country to another country in a legitimate fashion, typically for use in trade. It is a good that is brought in from another country for sale. Imported goods or services are provided to domestic consumers by foreign producers. An import in the receiving country is an export to the sending country.
The term import is derived from the conceptual meaning as to bring in the goods and services into the port of a country. The buyer of such goods and services is referred to an "importer" who is based in the country of import where the overseas based seller is referred to as an "exporter". Thus an import is any good(e.g. a commodity) or service brought in from one country to another country in a legitimate fashion, typically for use in trade. It is a good that is brought in from another country for sale. Imported goods or services are provided to domestic consumers by foreign producers. An import in the receiving country is an export to the sending country.
To introduce the idea of exporting and profile its elements
To introduce the idea of importing and profile its elements
To identify the problems and pitfalls that challenge international traders
To identify the resources and assistance that helps international traders
To discuss the idea of an export plan
To outline the practice of countertrade
TRANSPORT DOCUMENT more used for sea transport, road transport and air transport are CMR document, Bill of Lading, Airway Bill and Multimodal Bill of Lading.
Turacoz Skill Development Program provides medical writing training on various types of regulatory documents prepared during the drug approval process.
12 Step of how to export goods ..
Step 1. Receipt of an order
Step 2. Obtaining License and Quota
Step 3. Letter of Credit
Step 4. Fixing exchange rate
Step 5. Foreign exchange formalities
Step 6. Preparation for executing the order
Step 7. Formalities done by forwarding agent
Step 8. Bill of Lading
Step 9. Shipment advice to importer
Step 10. Presentation of documents to the bank
Step 11. Realisation of export proceeds
Step 12. Follow up
How to export goods by "Harpreet Singh aka Chris"
An Overview of Export Performance of Agricultural Products in IndiaIOSRJBM
Exports are the basis of the overall growth performance of any country. By increasing the rate of exports, any developing country can pave a way for the development by earning international liquidity thereby; sort out the problem of reserves to start up of any project to come out the circle of poverty. So, it becomes a paramount importance for the country like India to start export promotion measures to boost up the pace of its exports and India has already taken many steps to increase the level of its exports. It is concluded from the results of the study that Cotton raw including waste, iron ore, plastic and linoleum and transport equipment has been observed as the products in which exports have been increased at the maximum rate, whereas exports of Tea, Iron and steel, Mica and Leather and Manufacturing have been identified as the area in which satisfied results have not been achieved. So, it is suggested by the results of study that government should promote exports of different sectors by providing different incentives to different sectors to avail the opportunity and fill up the gaps as well. Indian agricultural export has undergone significant changes during recent times. In this context, the present study has analysed the trend in exports of agricultural commodities from India, the changes in the comparative advantage, the Indian agricultural export scenario has witnessed during the past decade and the prospects for further boosting the agricultural export. The study has also analysed the comparative advantage of India’s exports, through revealed comparative advantage (RCA). The RCA was improving in case of cotton, maize, and certain fruits and vegetables over time, but declining in case of some spices, rice and wheat. In case of plantation based spices and other commodities, India is gradually losing its comparative edge, mainly to Asian countries. The study has so identified yield improvement through growth in total factor productivity (TFP) as a potential factor that would result in generation of exportable surpluses and boosting India’s export
Seminar by Ravindran Raghavan on freight documentation and Incoterms 2010. Note that Incoterms may be revised and updated by ICC, hence read with caution as these contents could have become outdated when you download them.
1. Airway Bill
2. Bill of Lading
3. Other documentation for cargo shipment
4. Incoterms 2010 -EXW, FOB, CIF, DAP, DDP
Transpole logistics private limited presentation about the internship explaining the process of export import as freight forwarder through sea or air mode
In this installment in Trade Risk Guaranty's webinar series, we are joined by one of our marine cargo insurance experts to discuss an introduction to incoterms for United States importers.
The following topics are covered in detail:
- What are Incoterms?
- The 5 Most Common Incoterms
- Identifying Your Incoterms
- Advice from an Expert
DOWNLOAD A FULL INCOTERMS EBOOK: http://bit.ly/2HXGbUD
Watch the full webinar here: https://youtu.be/IZC5NgukKio
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Normal Labour/ Stages of Labour/ Mechanism of LabourWasim Ak
Normal labor is also termed spontaneous labor, defined as the natural physiological process through which the fetus, placenta, and membranes are expelled from the uterus through the birth canal at term (37 to 42 weeks
Safalta Digital marketing institute in Noida, provide complete applications that encompass a huge range of virtual advertising and marketing additives, which includes search engine optimization, virtual communication advertising, pay-per-click on marketing, content material advertising, internet analytics, and greater. These university courses are designed for students who possess a comprehensive understanding of virtual marketing strategies and attributes.Safalta Digital Marketing Institute in Noida is a first choice for young individuals or students who are looking to start their careers in the field of digital advertising. The institute gives specialized courses designed and certification.
for beginners, providing thorough training in areas such as SEO, digital communication marketing, and PPC training in Noida. After finishing the program, students receive the certifications recognised by top different universitie, setting a strong foundation for a successful career in digital marketing.
2. Exporter Port/ Custom/ Port/ Custom/ Importer
Cargo
warehouse Loading Loading warehouse
Ship
To send the goods from Exporter’s warehouse to Importer’s warehouse
To send $$ from Importer to Exporter
3. 1. Incoterms 2010
2. Shipping Documents
3. Cargo Insurance
4. Payment Modes/ Letter of Credit
5. Import/ Export Procedures
4. • Incoterms – International Commercial Terms
• ICC – International Chamber of Commerce, 1936
• Revised in 1953, 1967, 1976, 1980, 1990, 2000 and 2010
• Spells out responsibility of both the importer and
exporters
• Documentations
• Cost
• Risk
• Uniform set of rule, reduces misunderstanding and
dispute, overcome diversity of interpretation
• BUT, it is NOT LAW
5. 1 Ex Works EXW
2 Free Carrier FCA
3 Carriage Paid To CPT
4 Carriage and Insurance Paid To CIP
5 Delivered at Terminal DAT
6 Delivered at Place DAP
7 Delivered Duty Paid DDP
8 Free Alongside Ship FAS
9 Free on Board FOB
10 Cost & Freight CFR
11 Cost Insurance & Freight CIF
6.
7. Sea, Air, Truck, Rail Only Sea Freight
Ex Works EXW Free Alongside Ship FAS
Free Carrier FCA Free on Board FOB
Carriage Paid To CPT Cost & Freight CFR
Cost Insurance &
Carriage and Insurance Paid To CIP Freight CIF
Delivered at Terminal DAT
Delivered at Place DAP
Delivered Duty Paid DDP
8. Invoice Cert-of-Origin Import Permit Loading Custom/ Duties Unloading
Packing List Transportation Port Charges Freight Transportation Port Charges
9. Incoterms 2010
Invoice Cert-of-Origin Import Permit Loading Custom/ Duties Unloading
Packing List Transportation Port Charges Freight Transportation Port Charges
10. Invoice Cert-of-Origin Import Permit Loading Custom/ Duties Unloading
Packing List Transportation Port Charges Freight Transportation Port Charges
11. Invoice Cert-of-Origin Import Permit Loading Custom/ Duties Unloading
Packing List Transportation Port Charges Freight Transportation Port Charges
12. Invoice Cert-of-Origin Import Permit Loading Custom/ Duties Unloading
Packing List Transportation Port Charges Freight Transportation Port Charges
13. Invoice Cert-of-Origin Import Permit Loading Custom/ Duties Unloading
Packing List Transportation Port Charges Freight Transportation Port Charges
14.
15. Sea, Air, Truck, Rail Only Sea Freight
Ex Works EXW Free Alongside Ship FAS
Free Carrier FCA Free on Board FOB
Carriage Paid To CPT Cost & Freight CFR
Cost Insurance &
Carriage and Insurance Paid To CIP Freight CIF
Delivered at Terminal DAT
Delivered at Place DAP
Delivered Duty Paid DDP
16. Cost of Goods 10,000
Packing and Mark Up 500
EX WORKS 10,500
Transport, Port Charges 500
FAS 11,000
Loading Cost 500
FOB 11,500
Ocean Freight 1,000
CFR 12,500
Cargo Insurance 500
CIF 13,000
19. You are the exporter. Your factory is situated 100km from
the port. Products can be moved by rail to port for loading.
Port facilities are good. Insurance is easily arranged. Your
country is stable. Ship are available for shipment. What
delivery terms would you suggest for sales of your products
to each of the following countries?
Country A Country C
Good infrastructure Good port facilities
Efficient inland transportation Excellent inland transportation
Known for labour dispute Buyer not reliable
Country B Country D
Excellent inland transportation None of the above disadvantages
Port congestion from 10 to 90 days Country is stable
Buyer is reliable
20.
21. Basic Type of Documents
- Carriers
- Bill of Lading
- Air Way Bill
- Seller
- Invoice
- Packing List
- Certificate of Origin
- Buyer
- Application of Shipping Guarantee (if necessary)
22. • Bill of Lading
• Bill of exchange
• Issued by shipping company
showing that goods are
loaded
• Evidence of contract
• Negotiable document
• Document of title
• Common types of B/L
• Clean
• Dirty
• Stale
• Through/ Tran-shipment
• Combine transport
• Master
• House
23. Shipping Documents
Air Way Bill
– For air consignment
– Issue by carrier and
authorized agents
– Evidence of contract
– Not a negotiable document
– Not a document of title
– Proof of receipt/ booking
(not loading)
– Certificate of insurance (if
requested)
– Handling, dispatching and
delivering the consignment
24. • Bill of Lading • Air Way Bill
• Bill of exchange • For air consignment
• Issued by shipping company • Issue by carrier and
showing that goods are authorized agents
loaded • Evidence of contract
• Evidence of contract • Not a negotiable document
• Negotiable document • Not a document of title
• Document of title • Proof of receipt/ booking (not
• Common types of B/L loading)
• Clean • Certificate of insurance (if
• Dirty requested)
• Stale • Handling, dispatching and
• Through/ Tran-shipment delivering the consignment
• Combine transport
• Master
• House
25. • Invoice
• Indicates the value of the cargo and relevant details
relating to payment
• Custom duties, insurance claims, declaration of permits
and L/C negotiation
• Type of invoice:
• Commercial Invoice
• Proforma Invoice
• Consular Invoice
• Custom Invoice
• Non-commercial value Invoice
26. • Packing List
• Indicates the content and description of the cargo
(aka Weight measurement list, Cargo manifest, Cargo certificate)
• Use for permits, customers, insurance claims
• Essential contents:
• Description
• Measurement
• Quantity
• Weight
27.
28. • Certificate of Origin
• Certify where the product is produced or manufactures
• Endorse by chamber of commerce
Purpose
- Proof of country of produce – political reasons
- Claim tariff rebate - FTA
29. • Shipping Guarantee
• To clear cargo without original contract of carriage
document e.g. Original B/L
• Indemnify the carrier against any claim
• Protect the carrier against any fraud
• May require bankers guarantee as back-up
30.
31.
32. What is RISK?
- Of Damage – condition of cargo before vs after
- Of Loss – disappearance of cargo (i.e. stolen, hi-jack,
drop into the sea)
33. • Reasons for Insurance
• Protection against RISK
• Prevent financial loss
• Requirement by bank e.g. L/C term
• Selling on certain terms e.g. CIF
• Carrier’s limited liability
• Reduce business anxiety
35. • Exclusion Clause
• Unseaworthiness of the vessel
• Wilful misconduct
• Illegal act
• Done on purpose
• Insolvency of the carrier
36. • Claims Procedure
• Inform insurance company
• Cargo survey by inspection company
• Cost
• Cause
• Notify relevant parties
• Submission of documents
37. • Documents of Claims
• Company’s cover letter
• Original policy
• Shipping invoice
• Packing List
• Original B/L or AWB
• Survey report
• Landing account (aka unloading report/ discharge
report)
38.
39.
40. a. Advance Payment
b. Credit Account
c. Consignment Sale
d. Documentary Collection
e. Letter of Credit
41. • Document against • Document against
Payment (D/P) Acceptance (D/A)
• Supplier ship goods and • Supplier ship goods and
forward bill of exchange to forward bill of exchange to
buyer’s bank through his buyer’s bank through his
own bank own bank
• No credit involved • Credit period involved
• Buyer obtain title to goods • Buyer obtain title to goods
after payment before payment
• In case buyer default, only
legal action is possible
42. • Letter of undertaking by importer’s bank to pay
oversea exporter against exporter’s shipping
document
• Shipping document must adhere strictly to terms
and conditions of the L/C
• Exporter receive payment once documents are
accepted without discrepancy
43.
44. • Procedures
• Sales Contract
• Buyer open L/C
• Issuing bank sends L/C to Advising bank
• Advising bank sends L/C to seller
• Seller ships cargo
• Seller presents documents to negotiating bank for payment
• Negotiating bank checks and pay
• Negotiating bank forwards document to issuing bank
• Issuing bank checks and reimburse
• Buyer pays issuing bank
• Issuing bank releases shipping document to buyer
• Buyer uses shipping document to clear cargo
45. Established sales/ purchase contract
Exporter Port/ Custom/ Port/ Custom/ Importer
Cargo
warehouse Loading Loading warehouse
Ship
Advising/ Negotiating Issuing
Bank Bank
Send L/C to advising bank
Send L/C to seller Apply for L/C facilities
Description/ price/ quantity/ arrangement etc,
clearly stated
Any errors or dispute/ amendments to the L/C must be made at this stage
46. Ships cargo and receive documents Clear cargo with document
Cargo
Ship
Exporter Port/ Custom/ Cargo Port/ Custom/ Importer
warehouse Loading Ship Loading warehouse
Advising/ Negotiating Issuing
Bank Bank
Forwards documents and Importer pays bank and
Submits documents and
receive reimbursement receive document
receive payment from bank
from issuing bank
Once cargo is shipped, documents must be presented at immediately
All terms and conditions must be in order and consistent
All documents must be complete and in order
Any discrepancy, bank will NOT pay
47. • Different type of L/C
• Revocable
• Irrevocable
• Confirmed
• Unconfirmed
• Red Clause
• Revolving
• Transferrable
• Back-to-back
48. • Advantages • Disadvantages
• Secure • Over reliance on shipping
• Financial assistance documents
• Bank control and hold title to • No physical inspection of
goods goods
• Seller receive payment when • Bank not familiar with
all terms are fulfilled, even shipping practices
before buyer receive the • Subject to fraud
goods • Very costly
49. Exporter Port/ Custom/ Port/ Custom/ Importer
Cargo
warehouse Loading Loading warehouse
Ship
1. Book Vessel 1. Obtain Shipping Documents
2. Obtain Shipping Note 2. Declare import permit
3. Declare export permit 3. Surrender B/L and permit shipping
4. Arrange transport agent in exchange for delivery
5. Deliver goods to port order
6. Loading cargo onboard 4. Arrange transport
7. Ship issue mates receipt 5. Collect cargo from port
8. Mate’s receipt to exchange for B/L 6. Police inspection
7. Custom Check
8. Proceed to warehouse
50. Exporter Airport/ Custom/ Airport/ Custom/ Importer
warehouse Loading Loading warehouse
1. Flight booking 1. Carrier arrive at airport
2. Letter of instruction 2. CHA unload cargo
3. Agent issue HAWB/ MAWB 3. Consignee arrange with agent
4. Export permit to clear cargo
5. Launch cargo to GHA 4. Agent collect cargo from GHA
6. GHA load cargo into carrier 5. Import permit/ custom
declaration
6. Agent deliver cargo to
customer