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Write in brief the steps of export procedure.


Following steps are taken to export goods from one country to another :

1. Receipt of enquiry and sending quotations.

2. Receipt or order of indent.

3. Assessing importer’s credit-worthiness.

4. Obtaining export license.

5. Obtaining pre-shipment finance.

6. Production or procurement of goods.

7. Pre-shipment inspection.

8. Excise clearance.

9. Obtaining certificate of origin.

10. Reservation of shipping space.

11. Packing and forwarding.

12. Insurance of goods.

13. Customs clearance.

14. Obtaining mates receipt.

15. Payment of freight and issuance of bill of lading.

16. Securing payment.

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The advantage/s of international business is/are :
  • Maximum exploitation of natural resources
  •  International cooperation
  • High standard of living
  • All the above

Which is the first step in export procedure ?
  • Obtaining export licence
  • Receipt of enquiry and sending quotations
  • Obtaining mate's receipt
  •  Insurance of goods

Define Indent.

The government has given a number of incentives for the promotion of foreign trade. How they help in the encouragement of foreign trade ?

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