Page 119 - DMGT546_INTERNATIONAL_TRADE_PROCEDURE_AND_DOCUMENTATION

International Trade Procedures and Documentation

Notes 3. What are the different types of post-shipment finance? Is post-shipment finance also
available in foreign currency?
4. What is the difference between Factoring and Forfeiting? Explain with the help of flow
charts.
5. Discuss the role being played by Exim Bank of India to help exporters with finance.
6. What is Pre-shipment Inspection? What are the various methods of certification available
to Indian exporters?
7. Write a detailed note on EIC and its functioning.
8. Write short notes on: (i) IPQC, (ii) EIAs, (iii) Recognition of Inspection Agencies by EIA,
(iv) Benefits of Pre-shipment Inspection, (v) Relaxation from Compulsory Pre-shipment
Inspection.

Answers: Self Assessment

1. Commerce Ministry

2. Pre-shipment
3. FOB
4. Post-shipment
5. forfeiting
6. without recourse
7. temporary

8. Finance for Rupee Expenditure for Project Export Contracts (FREPEC)
9. EURIBOR
10. London Inter-Bank Offer Rate
11. Export forfeiting
12. Deferred Payments
13. Factoring
14. Off balance sheet

15. Non-renewable maturity export factoring

5.10 Further Readings

Books Aseem Kumar, Export and Import Management: 2007, Excel books.
Cherenilan Francis, International Economics, 4th Edition, Tata McGraw-Hill
Publishing Company Limited.
Dr. Ram Singg, International Trade Operations, Excel books, 2009.
Pradeep Kumar Sinha and Sanchari Sinha, International Business Management: A
global perspective, Excel books, 2008.

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