Page 208 - DMGT547_INTERNATIONAL_MARKETING

Unit 12: Export Procedures and Policies
Navneet Kaur, Lovely Professional University

Unit 12: Export Procedures and Policies Notes

CONTENTS
Objectives
Introduction

12.1 Procedure of Export
12.2 Example of Export Procedure
12.2.1 Enquiry

12.2.2 Quotation
12.2.3 Order Receipt and Acceptance
12.2.4 Finance, Production and Packing
12.2.5 Excise Clearance
12.2.6 Export Documents

12.2.7 Cargo Insurance and Shipping Space Reservation
12.2.8 Customs Clearance
12.2.9 Receipt of Shipment Documents from C&F Agent

12.2.10 Shipment Advice to Buyer
12.2.11 Presentation of Shipment Documents to the Negotiating Bank
12.2.12 Presentation of Documents for Payment to Foreign Bank by the Negotiating
Bank
12.2.13 Export Incentives
12.2.14 Functions
12.3 Summary
12.4 Keywords

12.5 Review Questions
12.6 Further Readings

Objectives

After studying this unit, you will be able to:

Explain the procedure of export
Discuss the example of export procedure

Introduction

Unlike domestic business, an exporter is dealing with a larger number and more challenging
uncertainties. However, even when he has received the order, his life doesn’t become easy as the
path between receipt of an export order and its successful execution is full of hurdles. Please do
not be alarmed. The idea is not to make anyone nervous here. The point of emphasis here is that

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