Role of Custom House Agent in international trade

Role of Custom House Agent in international trade Custom house agent required by the highly technical and involved nature of the work to be carried out in connection with a clearance of imports into and exports out of the country. The importers and exporters themselves might have neither time nor …

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Top Import Export Business Websites in India

Top Import Export Business related Websites in India  Here explain some useful website list for import export business related to know latest news update and more information. world trade organization : www.wto.org/ International chamber of commerce: iccwbo.org/ Director general foreign trade : dgft.gov.in/ Indiantradeportal : indiantradeportal.in/ Ministry of Commerce and …

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Difference between DA and DP payment terms

Difference between DA and DP payment terms Difference between DA and DP payment terms basically DA(documents against acceptance) is very risky term for exporter against DP (documents against payments). DA in payment duration of international trade means, Documents against Acceptance. DP in charge duration of exports and imports signifies Records …

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what is AD Code in import export business

what is AD Code in import export business  First of all AD Code full form is Authorised Dealer Code, In export-import trade, C.H.A use word A D code letter.Before filing any export bill, AD code must be registered with any schedule commercial banks in India. This code you will get …

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what is documents against Payment in payment term

documents against Payment  Documents against Payment can also be called cash against documents, this provision of a documentary set arrangement mandates that the purchaser must pay the bill for the goods in full prior to receiving the title and sending documents for all those products. This provision reduces the danger …

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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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how to open letter of credit

how to open letter of credit Here is explained how to open letter of credit from importer, L/C always open from the buyer. (1)Importer chooses the product that could be imported legally and choose the supplier. (2)Agreement between customer(importer) and provider(exporter). (3)The applicant and the Beneficiary negotiate terms and conditions …

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letter of credit meaning

letter of credit meaning Letter of credit are a payment mechanism, especially used global trade. The Seller Gets compensated, not following the Purchaser has inspected the merchandise and accepted them, but if the Seller Presents particular records (typically a charge of lading evidencing dispatch of the merchandise, an Insurance plan for those merchandise, …

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Modes of payments in international trade

Modes of payments in international trade Advanced payments : Exports may get advanced payments from his buyer; an exporter may avert credit risk since payment has been received before the possession of the goods is moved, this is a really safe manner for its exporter.Foreign buyers will also be worried …

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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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