. EPC stands for a) Export processing commission b) Export Promotion Council c) Export Carriage council d) Export Promotion Congress . STC is expansion for a) State Training Centre b) State Training Council c) State Trading Centre d) State Trading Corporation . An ------------- is document prepared by importer an sent to the exporter to buy the goods a) Invoice b) Indent c) Enquiry d) Charter Party For Future Learning .
Import Trade Procedures. . Agencies involved in Import Trade For Own Thinking . You should be able to think to simplify Import Trade Procedures .
Create interest in International Business for yourself Intermediaries in Import Trade . Indent Houses/ Import Agent This intermediary is specialized in a particular trade. He charges fees for his service. Importer has to enter into contract with indent house to avail himself of his service Services rendered by Indent Houses/ Import Agent The services rendered include the following a.
Helping the importer get orders from foreign countries b. Providing information about the availability of goods of various types and arranging credit facilities to importer c. Maintaining regular contact with the exporter and obtaining sample and transmitting it to the importer . Clearing Agent Clearing Agent is specialised in clearing the goods from the port of discharge destination and transport it over to the importer.
They fulfill the various custom formalities on behalf of the importer and get the goods cleared from the port. They charge commission for their service. Key Terms . Export Trade .
Import Trade . Export Promotion Councils . Export Trade Procedures . Letter of Credit Commerce - - .
. PM . The ------------------- receipt is an acknowledgement of receipt of goods on the ship issued by the Captain a) Shipping Bill b) Bill of Lading c) Mate’s Receipt d) Consular Invoice . The Exporters appoint the ------------- agent to fulfill the customs formalities a) Clearing Agent b) Forwarding Agent c) Commission Agent d) Factor Answers .
b II. Very Short Answer Questions . What is meant by Indent? .