Overview of legal and financial risk-management considerations in financing international business transactions. In other words, "How to Get Paid, or Get what you Pay For in International Business".
Overview of legal and financial risk-management considerations in financing international business transactions. In other words, "How to Get Paid, or Get what you Pay For in International Business".
This guide outlines the common techniques of export financing
and provides an overview of the solutions Silicon Valley Bank
provides for our clients selling overseas.
Letter of Credit - Complete Presentation - (Bcom-Mcom-BBA-MBA-BS)Millat Afridi
A letter of credit (LC), also known as a documentary credit or bankers commercial credit, is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods. A letter of credit is extremely common within international trade and goods delivery, where the reliability of contracting parties cannot be readily and easily determined. Its economic effect is to introduce a bank as underwriting the credit risk of the buyer paying the seller for goods.
Indian Sale Of Goods Act, 1930: Definition of Contract, Essentials of contract of Sale, Condition & Warranties, Right & Duties of a Buyer, Rights of Unpaid Seller
Inline image 1
WORLD TRADE SERVICES
Advisory & Consultancy for Export & Import Incentives
WTS….is Emerging Export Import Consultancy Firm Promoted by Experienced & Expert Foreign Trade Consultant and Advocate.
WTS offer a prompt and hassle free Import Export Consultancy work like Import Export Documentation, Custom Clearance, Fema Cases, Freight Forwarding and DGFT Applications i.e. IEC/VKUY/ FMS/FPS/MIES/EPCG/DFIA /EXPORT HOUSE/100% EOU/SEZ/ APPROVAL/NORMS FIXATION and APEAL CASES.
WTS handle all comprehensive paper work with ATMOST CARE and provide Excellent/ valuable Services on Export Import Matters to our valued clients. We strive hard to ensure prompt execution of all necessary documents and formalities as per current EXIM POLICY. Through proper and professional approach we save our clients TIME and MONEY and Control Hidden Cost/Overhead Expenses.
We have Design SMS/Email System to update clients of their day to day paper works and DGFT Applications status.
Our Result Oriented Excellent EXIM Consultancy Services lead us a Emerging Export Import Consultancy Firm in India.
WTS is active Player in DUTY FREE IMPORT LICENCE Sale/Purchase having tie-up with leading Exporters - Importers for Buying and Selling DEPB/VKUY/FMS/FPS&DFIA Licences at Best Competitive Market Premium.
Inline image 3
OUR SERVICES
IEC – Import Export Code
RCMC - REGISTRATION & EXPORT COMPANY SET-UP
VKGUY License – Vishesh Krishi and Gram Upaj Yojana
FMS License - Focus Market Scheme
FPS License – Focus Product Scheme
MLFPS Licence - Market Linked Focus Products Scheme
MEIS Licence - Merchandise Export from India Scheme
EPCG License – Export Promotion Capital Goods
DFIA License – Duty Free Authorisation
ADVANCE AUTHORISATION SCHEME
EXPORT HOUSE CERTIFICATE
OTHER SERVICES
- AGRI. INFRASTRUCTURE INCENTIVE SCRIP.
- SEZ APPROVAL.
- ISO 9000/ISO 14000.
- D.S.C.: E-TOKEN INSTALLATION AND RENEWAL.
- CUSTOM CLEARANCE.
- FREIGHT FORWARDING & CHARTERING.
- IMPORT SOURCING.
- JOINT VENTURE.
Objectives & Agenda :
The Regulations under FEMA regulate the Import transactions of Goods, Services and Currencies. In this Webinar we shall understand the Definition of the term 'Import', 'Services' and 'Currencies'. We will also look at various procedures and compliances involved while Importing goods or services or currencies.
GST is nothing but a value added tax on goods & services combined. It is the provisions of Input Tax Credit that make GST a value added tax i.e collection of tax at all points after allowing credit for the inputs
#Export & Import Management : A Complete Guide# By SN PanigrahiSN Panigrahi, PMP
#Export & Import Management : A Complete Guide# By SN Panigrahi
It is very crucial to understand the market conditions, correct business techniques, demand and supply patterns, identifying potential and correct marketplace and carrying out relevant market research before starting out with any business. This blog is sure to help many young aspiring entrepreneurs out there who are going to start their own export business. They will be able to decide more clearly as to what commodities should they engage into and what countries should they target initially to start off with their business. Moreover it is very important to understand that starting up a business does not require a fancy degree but just skill, talent and application of correct business techniques at the correct time.
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. In this webinar, we shall understand and analyse the provisions related to Refund under the GST law.
This guide outlines the common techniques of export financing
and provides an overview of the solutions Silicon Valley Bank
provides for our clients selling overseas.
Letter of Credit - Complete Presentation - (Bcom-Mcom-BBA-MBA-BS)Millat Afridi
A letter of credit (LC), also known as a documentary credit or bankers commercial credit, is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods. A letter of credit is extremely common within international trade and goods delivery, where the reliability of contracting parties cannot be readily and easily determined. Its economic effect is to introduce a bank as underwriting the credit risk of the buyer paying the seller for goods.
Indian Sale Of Goods Act, 1930: Definition of Contract, Essentials of contract of Sale, Condition & Warranties, Right & Duties of a Buyer, Rights of Unpaid Seller
Inline image 1
WORLD TRADE SERVICES
Advisory & Consultancy for Export & Import Incentives
WTS….is Emerging Export Import Consultancy Firm Promoted by Experienced & Expert Foreign Trade Consultant and Advocate.
WTS offer a prompt and hassle free Import Export Consultancy work like Import Export Documentation, Custom Clearance, Fema Cases, Freight Forwarding and DGFT Applications i.e. IEC/VKUY/ FMS/FPS/MIES/EPCG/DFIA /EXPORT HOUSE/100% EOU/SEZ/ APPROVAL/NORMS FIXATION and APEAL CASES.
WTS handle all comprehensive paper work with ATMOST CARE and provide Excellent/ valuable Services on Export Import Matters to our valued clients. We strive hard to ensure prompt execution of all necessary documents and formalities as per current EXIM POLICY. Through proper and professional approach we save our clients TIME and MONEY and Control Hidden Cost/Overhead Expenses.
We have Design SMS/Email System to update clients of their day to day paper works and DGFT Applications status.
Our Result Oriented Excellent EXIM Consultancy Services lead us a Emerging Export Import Consultancy Firm in India.
WTS is active Player in DUTY FREE IMPORT LICENCE Sale/Purchase having tie-up with leading Exporters - Importers for Buying and Selling DEPB/VKUY/FMS/FPS&DFIA Licences at Best Competitive Market Premium.
Inline image 3
OUR SERVICES
IEC – Import Export Code
RCMC - REGISTRATION & EXPORT COMPANY SET-UP
VKGUY License – Vishesh Krishi and Gram Upaj Yojana
FMS License - Focus Market Scheme
FPS License – Focus Product Scheme
MLFPS Licence - Market Linked Focus Products Scheme
MEIS Licence - Merchandise Export from India Scheme
EPCG License – Export Promotion Capital Goods
DFIA License – Duty Free Authorisation
ADVANCE AUTHORISATION SCHEME
EXPORT HOUSE CERTIFICATE
OTHER SERVICES
- AGRI. INFRASTRUCTURE INCENTIVE SCRIP.
- SEZ APPROVAL.
- ISO 9000/ISO 14000.
- D.S.C.: E-TOKEN INSTALLATION AND RENEWAL.
- CUSTOM CLEARANCE.
- FREIGHT FORWARDING & CHARTERING.
- IMPORT SOURCING.
- JOINT VENTURE.
Objectives & Agenda :
The Regulations under FEMA regulate the Import transactions of Goods, Services and Currencies. In this Webinar we shall understand the Definition of the term 'Import', 'Services' and 'Currencies'. We will also look at various procedures and compliances involved while Importing goods or services or currencies.
GST is nothing but a value added tax on goods & services combined. It is the provisions of Input Tax Credit that make GST a value added tax i.e collection of tax at all points after allowing credit for the inputs
#Export & Import Management : A Complete Guide# By SN PanigrahiSN Panigrahi, PMP
#Export & Import Management : A Complete Guide# By SN Panigrahi
It is very crucial to understand the market conditions, correct business techniques, demand and supply patterns, identifying potential and correct marketplace and carrying out relevant market research before starting out with any business. This blog is sure to help many young aspiring entrepreneurs out there who are going to start their own export business. They will be able to decide more clearly as to what commodities should they engage into and what countries should they target initially to start off with their business. Moreover it is very important to understand that starting up a business does not require a fancy degree but just skill, talent and application of correct business techniques at the correct time.
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. In this webinar, we shall understand and analyse the provisions related to Refund under the GST law.
5. Methods of Payment in International Trade/Export and Import FinanceCharu Rastogi
This presentation discusses methods of obtaining export and import finance such as Accounts Receivable Financing, Factoring (Cross-Border Factoring), Letters of Credit (L/C) Banker’s Acceptance (BA), Working Capital Financing, Medium-Term Capital Goods, Financing (Forfaiting) and Countertrade. It also discusses methods of payment of international trade; Cash in Advance, Letters of Credit, Documentary Collections and Open Account followed by a comparative study of different methods. Furthermore, types of letter of credit and procedure of working of a letter of credit are also discussed.
The talk was delivered at MAJU on 3rd July 2013 at 0730 PMby Mr Fahim Akhtar. It covers stock market mechanism and is beneficial for stock market employees,stock analyst, bankers, fund managers and students of MBA as well as economics
We will first look at the world trading system as it has evolved under the General Agreement on Tariffs and Trade (GATT) and the establishment ot a permanent international institution known as the World Trade Organization (WTO).
The success of export promotions can be judged from the growth of exports and the dynamism of the export sector. An effective export promotion should compensate for the disadvantages of the national exporters and should make the export business profitable enough to lure entrepreneurs to this sector.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
This presentation is made by Palm & Latex Technology & Value Addition degree programme students in Uva Wellassa University of Sri Lanka as to fulfill a requirment for their course of Trade & Finance. In this presentation is generally related to Sri Lanka.
7. Trade Laws, Bilateral and Multilateral Trade Agreements, World Trade Organ...Charu Rastogi
This presentation defines bilateral and multilateral trade laws, General Agreement on Trade and Tariffs (GATT), World Trade Organization – Different Rounds, Intellectual Property Rights (IPR), TRIPS, TRIMS, GATS, Ministerial Conferences and SAARC. The presentation closes with a case study on the India-US Basmati Rice dispute.
BANK AND FOREIGN TRADE
International trade terminologies
• Trade
• Home trade
• Foreign trade
• Import
• Export
• Importer
• Exporter
• Risk
• Types of risks
• ECGC
• Marine insurance
Steps in Export process
Steps in import process
Pre shipment finance and its importance
Post shipment finance and its importance
Methods of payment in international trade
Banking formalities in trade
Procedure of obtaining export finance
DOCUMENTS USED IN FOREIGN TRADE
• Commercial invoice
• Consular invoice
• Certificate of origin
• Bill of lading
• Mates receipt
• Shipping bill/ Let ship order
• Bill of Entry
LETTER OF CREDIT
Meaning of letter of credit
Procedure of obtaining letter of credit
Parties involved under letter of credit
Types of letter of credit
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"
Payment for exports and export promotion schemeHarender Singh
Payment for exports refers to the process of receiving payment from a foreign buyer for goods or services that have been exported. The payment process for exports can be complex and involves various risks, including currency exchange rate fluctuations, non-payment, and fraud.
There are several methods of payment that can be used for exports, including:
Advance Payment: This is where the buyer pays for the goods or services in advance, before they are shipped or delivered. This method is the most secure for the exporter, but it may not be acceptable to the buyer who may not want to bear the risk of paying in advance.
Letters of Credit: This is a guarantee issued by a bank on behalf of the buyer that the payment will be made to the exporter once the goods or services have been delivered and the required documentation is provided. Letters of credit provide a secure method of payment for the exporter as long as all conditions of the letter of credit are met.
Documentary Collections: This is a process where the exporter ships the goods to the buyer and provides the shipping documents to their bank. The bank then sends the documents to the buyer's bank, who will release the documents to the buyer once payment has been made.
Open Account: This is where the exporter ships the goods to the buyer and allows the buyer to pay at a later date, typically 30-90 days after the shipment. This method is the least secure for the exporter as they may not receive payment if the buyer defaults.
It is important for exporters to carefully consider their payment options and to understand the risks associated with each method. Exporters may also want to consider using the services of a trade finance professional or export credit agency to help mitigate risks and ensure timely payment.
3. Eleven step process
Step 1
Prepare a
Business plan
Name of the
organization
Registration
under
companies act
Open a bank
account
Step 2
Product
selection for
export
Market research Product evaluation
4. Step 3
Registration with Director
General of Foreign Trade to
get IEC number
Step 4
Registration with
the relevant
export promotion
Registration with
Sales Tax Office
Registration with Export
Credit Guarantee
Corporation
6. Step 7
Identifying the
Potential
Buyers /
Customers
Trade Fairs/Internet/
Personal
Visits/Contacts/Agents
Going for procuring
orders
Step 8
Agreeing upon pricing,
document ,freight
charges, currency
,delivery etc.
Signing of contract
7. Step 9
Determining the payment
terms
Advance Payment/
Letter of Credit (LC) /
Open Account
Step 10
Importer
sends
purchase
order
Production
Packaging,
warehousing
Certificate of
quality control
8. Step 11
Prepare marine,
air, and docs
Insurance
certificate,
shipping bill
Receipt, Bills of
lading
Transportation
Maritime / Air /
Road / Rail
Submission of docs
to banks
Bank sends docs to
importer’s bank
.payment is done
9. International trade transaction procedures
Commercial
Procedures
• Establish
Contract
• Order Goods
• Advise On
Delivery
• Request Payment
Transport
Procedures
• Establish Transport
Contract
• Collect,Transport
and Deliver Goods
• Provide Goods
Receipts Status
reports
Regulatory
Procudures
• Obtain Import/Export
Licences etc
• Provide Customs
Declarations
• Provide Cargo
Declaration
• Apply Trade Security
Procedures
• Clear Goods for
Export/Import
Financial
Procedures
• Provide Credit
Rating
• Provide Insurance
• Provide Credit
• Execute Payment
• Issue Statements
Prepare For
Export
Export
Transport
Import
SHIPBUY PAY
Prepare For
Import
