Page 27 - DMGT546_INTERNATIONAL_TRADE_PROCEDURE_AND_DOCUMENTATION

International Trade Procedures and Documentation

Notes Forfaiting: Forfaiting is a financing mechanism that enables a company to convert credit sale to
cash sale, on ‘without recourse’ basis.
Vehicle Ticket: It serves the purpose of an entry pass for the exporter to get his export cargo
inside the port for export to its final destination.

1.10 Review Questions

1. Describe the export documentation framework in India in details. How do you think has
ADS helped the cause?
2. Explain the significance of Commercial Invoice in an export transaction. Discuss the various
types of invoices that the importing countries may require.

3. What is an Ocean Bill of Lading? How is it different from an Airway Bill?
4. Write short notes on:
(a) Mate’s Receipt
(b) Shipping Bill

(c) Nature of Regulatory Documents
(d) Blacklist Certificate
5. Discuss the Exchange Control Declaration Forms used in India in detail. What purpose do
these serve?
6. Distinguish between the following:
(a) Shipment Advice and Shipping Instructions
(b) Preferential and Non-Preferential Certificate of Origin

(c) Shipped Bill of Lading and Received for Shipment Bill of Lading
(d) Proforma Invoice and Invoice
7. Discuss the process to be followed by exporter in processing an international trade
transaction.
8. In case of purchase order or delivery note, list down the important contents to be supplied
to the production department or third suppliers.

9. Write a brief note on scrutiny of export order.
Answers: Self Assessment

1. Aligned Documentation System
2. Export
3. Commercial
4. Packing

5. EIA
6. ocean (marine)
7. Airway bill

8. Containerization

22 LOVELY PROFESSIONAL UNIVERSITY