ib0013 export import management 3rd sem mba smu spring2014 solved assignments
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IB0013 Export Import management
1 Describe in brief the export packaging and packing. Explain with examples the purpose of marking.
Answer: Export Packaging and Packing Today packaging is considered as one of the most important elements for marketing any product. Nobody can underscore the need for good packaging when he decides to export his product. Packaging means packing of the product in some container to reach the ultimate consumer. Packing means protective covering used for transportation and shipment of goods. Packaging fulfills a vital role in helping to get the export products to the market in the best condition, as well as in presenting goods to overseas buyer in an attractive way. In other words, packaging of a product performs the role of silent salesman as it,
Dear students to get solved assignments of SMU MBA SPRING 2014 call us at 8510092683 or mail us at [email protected] What are the various modes of payment by the importer? Discuss.
Answer: Payment by Importer
Dear students to get solved assignments of SMU MBA SPRING 2014 call us at 8510092683 or mail us at [email protected] List the Principal and auxiliary export documents. Explain any two auxiliary export documents.
Answer: Principal Export Documents 1. Commercial Invoice
4 Discuss the objectives and components of Electronic data interchange.
Answer: Objectives and Meaning of EDI
Objectives: The objective of EDI system is to facilitate acceptance of documents electronically and exchange information electronically between agencies involved in international business.
5 Explain the risks covered and not covered under credit risk insurance.
Answer: This policy covers both commercial and political risks from the date of shipment. It is issued to exporters whose anticipated export turnover for the next 12 months is more than Rs. 50 Lakhs. (The appropriate policy for exporters with an anticipated turnover of less than Rs. 50 Lakhs is explained under the section Small Exporters policy).
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6 Write short notes on:
a) Pre shipment finance
Answer: Pre-shipment finance is concerned primarily with the grant of packing credit to enable the eligible exporters to procure raw materials and for processing, manufacturing, packing, transportation and all such expenditure to enable them to prepare the export consignment and ship it.
b) Post shipment finance
Answer: Post-shipment finance is defined as “any loan or advance granted or any other credit provided by an institution to exporters of goods from India from the date of extending the credit after shipment of the goods to the date of realization of export proceeds and includes any loan or advance granted to an exporter, in consideration of, or on the security of, any Duty Draw Back or any Receivables from the Government of India.” This definition and the nature of finance will enable us to clearly distinguish a post-shipment finance from a pre-shipment finance. For easy understanding the comparative characteristics of pre- shipment and post shipment finance are given below:
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