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export documentation in India

 export documentation in India • Commercial documents • Banking documents • Transportation and insurance documents • Government formalities documents     COMMERCIAL DOCUMENTS Commercial documents are prepared by the buyer and the seller for each other. The ones to be discussed here are the following. • Request for quotation • …

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Before you start import export business

 Before you start import export business I’m assuming which you are interested by beginning your personal business and are wondering that it can be an import and/or export business. The discussion that follows covers some personal characteristics that will affect your ability to be successful before you start import export …

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role of shipping line in international trade

role of shipping line in international trade Shipping Line are playing an essential role in Multi modal by providing containers for domestic and International trade The shipping business is shrinking the world. It’s bringing nations and a population close together and making them more independent. It’s also providing simple accessibility …

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What is Documents against Acceptance payment term

Documents against Acceptance Documents against Acceptance (D/A) The buyer takes a moment draft,promising to pay for the merchandise at a future date. Following approval, the title documents are introduced to the buyer.Compared to some other manner of payments in international commerce, Documents against acceptance — DA terms of delivery — …

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export credit insurance

export credit insurance, three types medium and Long term policy  explain here.  Construction Works Policy — (CWP): Construction Works Policy is intended to provide cover to an Indian contractor who implements a civil building job abroad. The distinguishing features of a construction contract would be that (a) the contractor keeps raising …

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guarantee insurance company

guarantee insurance company two type ecgc policy explain here. Exports (Specific Buyers) Policy (BWP) The particular Buyers Coverage offers cover for imports made to a specific purchaser or about LC opening bank to get a group of buyers. Exporters not holding the normal Policy/Wholeturnover Policy can avail of the to …

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trade credit insurance

trade credit insurance mention two type of policy here small exporter policy: The Small Exporter’s Policy is the Standard Policy, incorporating specific improvements regarding cover, to encourage small exporters to obtain and operate the policy. It is issued to exporters whose anticipated export turnover for one year does not exceed …

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export credit guarantee corporation of India

what is export credit guarantee corporation of India. The risks have assumed gigantic proportions today due to the far-reaching political and economic changes that are sweeping the world.an rout of war, or local disturbance may block or delay payments for goods exported.Same sometimes financial difficulties or balance of payments problems …

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Incoterm in import export business.

Incoterm in import export business. Incoterms are : (a)International Commercial term (b)11 term of shipment and delivery created by the international chamber of commerce(ICC),for use in sales contracts. (c)provide an Internationally accepted definition of: * The responsibilities of buyer and seller. * The allocation of delivery costs. * The assumption …

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Understanding risks in international Trade.

Understanding risks in international Trade. These risks can be insured to a great extent by taking appropriate steps. (1) Credit risk: ECGC Ltd provides credit risk insurance and related services for exports.credit risk against the buyer can be covered by insisting upon an L/C of credit from the overseas buyer …

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