Date post: | 05-Apr-2018 |
Category: |
Documents |
Upload: | priyanka-pant |
View: | 241 times |
Download: | 0 times |
of 14
7/31/2019 Chapter12.Exporting and Importing Procedures
1/14
Chapter 12. Exporting and Importing Procedures
12.1 General Procedures of Export and Import Transaction
12.2 Organizations Involved in Export and Import Transaction
12.3 Specialists Involved in Export and Import Transaction
12.4 Documents Needed in Export and Import Transaction
7/31/2019 Chapter12.Exporting and Importing Procedures
2/14
12.1 Procedures of Export and Import Transaction
General Procedures of Export Transaction
Preparation for Exporting
Business Negotiation
Implementation of Contract
Settlement of Disputes
7/31/2019 Chapter12.Exporting and Importing Procedures
3/14
12.1.1 General Procedures of Export Transaction
Preparation for Exporting
Research on the countries or regions
Research on the market
Research on the customer
7/31/2019 Chapter12.Exporting and Importing Procedures
4/14
12.1.1 General Procedures of Export Transaction
Business Negotiation
Enquiry
Offer and counter-offer
Acceptance
Conclusion of sales contract
7/31/2019 Chapter12.Exporting and Importing Procedures
5/14
12.1.1 General Procedures of Export Transaction
(CIF Contract)
Implementation of Contract
Preparing goods for shipment
Inspection application
Reminding, examining and modifying L/C
Chartering and booking shipping space
Customs formality
Insurance
Documents preparation for bank negotiation
7/31/2019 Chapter12.Exporting and Importing Procedures
6/14
12.1.1 General Procedures of Export Transaction
(CIF Contract)
Settlement of Disputes
Conciliation
Arbitration
Litigation
(cf: Fig.12-1 General Procedures of Export TransactionCIF, Letter
of Credit, Sea Transportation, Commodity Inspection Stipulated)
7/31/2019 Chapter12.Exporting and Importing Procedures
7/14
Marketing and Promotion
Market Research
Credit Information
Enquiry
Offer
Acceptance
Contract
Chartering,Space Booking
Docks
Customs Formalities
Loading, Bill of Lading
Documents Preparation for Bank Negotiation
Settlement of Disputes (if any)
Checking Name of Commodity,
Specification, Quantity, Packing
and Marking
Good Preparation
Preparation for Exporting
Business Negotiation
Performance of
Contract
Reply to Enquiry
Counter-offer
Reminding of L/C
Examination and
Amendment of L/C
Insurance Company
Insurance Policy
Inspection Authority
Inspection Application
Certificate of Inspection
Certificate of Inspection
7/31/2019 Chapter12.Exporting and Importing Procedures
8/14
12.1.2 General Procedures of Import Transaction
To conduct market investigation;
To formulate import plan for a certain commodity;
To send inquiries to the prospective sellers overseas;
To compare and analyze the offers or quotations received;
To make counter-offers and decide on which offer is most
beneficial;
To sign a purchase contract;
To apply to a bank for opening a letter of credit
7/31/2019 Chapter12.Exporting and Importing Procedures
9/14
12.1.2 General Procedures of Import Transaction
To book shipping space or charter a carrying vessel for taking
over the cargoes, if the contact is in terms of FOB;
To effect insurance with the insurance company upon receipt
of shipping advice;
To apply for inspection if necessary;
To attend to customs formalities to clear the goods through the
customs;
To entrust forwarding agents with all the transport
arrangements from the port to the end users warehouse;
To settle disputes (if any).
7/31/2019 Chapter12.Exporting and Importing Procedures
10/14
12.2 Organizations Involved in Export and
Import Transaction The exporters
The shipping agents at the port or airport of loading
The railways(in some cases)in the exporters country The road hauler(in some cases)in the exporters country
The port authority
The shipping company(or sea freight)
The airline(or air freight)
7/31/2019 Chapter12.Exporting and Importing Procedures
11/14
12.2 Organizations Involved in Export and
Import Transaction
The insurance company or brokers
The exporters bank
The importers bank
The railways(in some cases)in the importers country
The road hauler(in some cases)in the importers country
The shipping agent at the port or airport of discharge
The importers
7/31/2019 Chapter12.Exporting and Importing Procedures
12/14
12.3 Specialist Involved in Export and
Import Transaction A shipping agent and/or freight forwarder (forwarding agent)
will take responsibility for the documentation and arrange for
the goods to be shipping by air, sea, rail or road. Airlines, shipping lines, railway companies or haulage
contractors will actually transport the goods.
Both the importers and exporters banks will be involved in
arranging payments if a letter of credit or bill of exchange is
used.
7/31/2019 Chapter12.Exporting and Importing Procedures
13/14
12.3 Specialist Involved in Export and
Import Transaction
Customs and Excise officers may need to examine the
goods, check import or export licenses and charge dutyand/or VAT.
A Chamber of Commerce may need to issue a certificate of
origin, if this is required by the importers country.
An insurance company insures goods in transit.
A lawyer if a special contract has to be drawn up.
7/31/2019 Chapter12.Exporting and Importing Procedures
14/14
12.4 Documents needed in export and
import transaction
Bill of Lading
Commercial Invoice
Packing List
Weight Memo
Certificate of Inspection
Certificate of Origin Insurance Policy(certificate)
Sales Contract