Organizations Covering Credit Risk

By | December 23, 2016

There are more than 40 organizations providing cover for credit risk, the world over. They are all members of a union International Union of Credit and Investment Insurers’ also popularly known as the BERNE UNION, In most countries, these organizations are government controlled through a few of them are privately owned. In India, we have the ‘Export Credit Guarantee Corporation of… Read More »

Role of Clearing and Forwarding Agent in Foreign Trade

By | December 22, 2016

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

By | December 21, 2016

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 »

Emergency Provisions: Article 352, 356, 360

By | December 20, 2016

As per the articles 352, 356 and 360 in the Constitution of India, President of India have been given extraordinary power to declare an emergency to meet any threat to the country. Those powers to President of India in Constitution are called emergency provisions. National Emergency (Article 352): If the president of the state is not satisfied with a grave emergency… Read More »

Small Exporter’s Policy

By | December 11, 2016

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 »

Customs Clearance

By | November 30, 2016

The concept of customs operation is as old as the trade itself, In the olden days, there was a tradition followed by traders of offering gifts, etc. to Kings to be able to sell their merchandise in different territories. The same practice has been formalized in the modern economic and political systems. Goods are subjected to levy of duties,… Read More »

Foreign Exchange

By | November 25, 2016

Foreign exchange means foreign currency and includes: all deposits, credit, and balances payable in foreign currency, any drafts, traveler’s cheques, letters of credit and bills of exchange expressed or drawn in Indian currency but payable in any foreign currency and; any instrument payable at the option of the drawee or holder thereof or any other party to it,… Read More »

Synonyms and Antonyms (Section T)

By | November 15, 2016

Synonyms and antonyms of essential English words are starting with alphabet ‘T’. Learning synonyms and antonyms for the words in this section ‘T’ will be helpful for the aspirants preparing for competitive examinations on English language testing. This section ‘T’ covers terms such as tactless, talktive, tally,  tame, taunt, tease, tedious, tempting, tender, terrorise, thorny, thorough, thrifty, thrilling, tidy,… Read More »