Languages in India

India is home to 1652 mother tongues. 33 of which are spoken by people numbering over a lakh. Sanskrit is the overarching language in most of the Indian languages. Officially there are 22 recognized languages. English, in fact, is widely spoken and perhaps is the link between North, North-East and South India. In the world, there are 6000… Read More »

Chartering Practices

When a tramp carrier is engaged, it is said to be under the charter, as one charterer hires either the whole or the bulk of its space. A tramp may be chartered in some ways. Three most important forms of engagement are: Voyage Charter Time Charter Bareboat Charter or Charter by Demise. Let us now discuss them in… Read More »

Synonyms and Antonyms (Section W, X, Y, Z)

Synonyms and antonyms of essential English words are starting with alphabet ‘W, X, Y, Z’. Learning synonyms and antonyms for the words in this sections ‘W, X, Y, Z’ will be helpful for the aspirants preparing for competitive examinations on English language testing. Section W This section ‘W’ covers terms such as wayward, weaken, weld, whimsical, wicked, widen, widespread,… Read More »

Synonyms and Antonyms (Section U, V)

Synonyms and antonyms of essential English words starting for the aspirants preparing for competitive examinations on English language testing with letter ‘U, V’ will be helpful for the aspirants preparing for competitive examinations on English language testing. Section U: This section ‘U’ covers terms such as ugly, ultimate, undue, unearth, uniformity, unify, unique, universal, upset, urge, urgent, usual.… Read More »

Synonyms and Antonyms (Section P, Q)

Synonyms and antonyms of essential English words are starting with alphabet ‘P, Q’. Learning synonyms and antonyms for the words in this sections ‘P, Q’ will be helpful for the aspirants preparing for competitive examinations on English language testing. Section P This section ‘P’ covers terms such as pacify, palatial, pardonable, partisan, pathetic, peerless, pessimist, pinnacle, potent, precise,… Read More »

Basic Principles of ECGC Operation

There are two basic principles on which ECGC (Export Credit Guarantee Corporation of India Limited) works: 1. The spread of Risk: An exporter is required to insure all the shipments that may be made by him during the next two years. To avoid undue difficulty to the exporters, exceptions have been made in respect of transactions made against… Read More »

Role of Clearing and Forwarding Agent in Foreign Trade

Clearing and forwarding agents are a link between the owners of goods and owners of means of transport. They help the cargo owners in the efficient movement of goods to the buyers by completing some procedural and documentary formalities. They are experts and knowledgeable in laws and regulations governing shipment of goods through the customs authorities as well as… Read More »

Export Declaration Forms During Foreign Trade

All exports to which the requirement of declaration applies must be declared on appropriate forms. These forms are as follows: GR Form (in duplicate): It is used to export to all countries other than Nepal and Bhutan. PP Form (in duplicate): It is used to export to all countries other than Nepal and Bhutan by parcel post. SOFTEX… Read More »

Small Exporter’s Policy

The small exporter’s policy is the standard policy. It incorporates certain improvement regarding cover, to encourage small exporters to obtain and operate the policy, The main features of small exporter’s policy are listed below point-wise: The policy is issued to exporters whose anticipated export turnover for the next 12 months does not exceed Rs.50 lakhs. The policy is… Read More »