Category Archives: Informative

International Maritime Bureau (IMB)

By | June 13, 2018

The International Maritime Bureau (IMB) has MOU with the World Customs Organization (WCO) and has observer status with Interpol (ICPO). IMB’s primary responsibility is to protect the integrity of international trade by seeking out fraud and malpractice. For over 25 years, it has used industry knowledge, experience and access to a many well-placed contacts around the world to do this:… Read More »

Functions of Financial Management

By | April 6, 2018

Functions of financial management can be divided into eight areas. A business manager has to concentrate on the following areas of the finance function: 1. Estimating Financial Requirements: The first task of any financial manager is to determine short-term and long-term financial requirement of his/her business. For this purpose, the financial manager will prepare a financial plan for… Read More »

Advantages of a Public Warehouse

By | June 13, 2017

The advantages of a public warehouse are: Storage facilities can be availed at desired locations as and when required, and at a known cost. The goods can be despatched to the warehouses with the warehousemen as the consignee for the clearance of the goods at the railhead and transportation to the warehouse. The goods can be delivered or despatched to… Read More »