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Importing and Exporting
Importing refers to the act of bringing services and goods from a foreign market into the country. Exporting, on the other hand, refers to the act of selling goods and services from the home country to other countries.
5,102 Questions
What country gets most of the oil that comes down the pipeline?
Canada
AnswerWhen the Trans Alaska Pipeline was constructed it was illegal to ship any of the oil from Alaska to other countries. Then during the Clinton Administration when oil was $8 a barrel, that law was changed. For 2 years Alyeska Pipeline Terminal shipped to Japan and South Korea a total of 5 times. They decided that this was not cost effective and now they no longer ship there. This was years ago. Now all the oil goes to refineries in Washington State, California and Hawaii. It provides most of the fuel in the Northwestern States. None of it leaves the country.I have this information because I live in Valdez, Alaska. Where the end of the Trans Alaska Pipeline is located and the oil is shipped from. I receive my information from locals including family members who work at the Alyeska Pipeline Terminal (some of who are managers).
What can you do with an agriculture business degree?
There are many things you can do with an agriculture business degree, such include;
* Business Development Officer * Food retail and whole sales industries * Agricultural loans and banking * Food Processor Consultant * Business Specialist * Marketing and Communications * Industry product development * Stock markets and trading * Public Education * Production Manager * Product Developer * Value Added Policy Analyst * Purchasing Manager * Business Account Manager * Research and Development Manager * Food Manufacturing Manager * Food Processing Manager *
Yeah EMS is very slow and way to expensive one time i ordered two packages from a site in china called dealextreme one with EMS and just a normal free shipping package the free shipping one got to my house 5 days ahead of my ems i was so pissed. Point blank just go with the free shipping unless they offer UPS, DHL, or fed ex ohh and i live in Panama city beach , Florida so i understand it takes a long time to get from china to FL
Buyer or seller should prepare the bill of lading?
I dont know the details, so I'm not sure of the situation. However, i do know that if it is an item being shipped, the shipper or sender should do the bill of lading
What is the fur trade of ancient Hawaii?
they went to hawaii and traded iron but went to china to trade fur.
Why did terrorists crash planes into the World Trade Center?
The Twin Towers (official name World Trade Center) - along with the passengers and crews of the two hijacked jets that were used in the attack - were destroyed on Sept. 11, 2001 by terrorists from the extremist Islamist group al Qaeda, the core element of which was run by Osama bin Laden (before he was killed by U.S. Special Forces soldiers in May of 2011.)
Simultaneously, al Qaeda terrorists also attacked the U.S. Pentagon building with another hijacked jet, killing the passengers and crew along with many military and civilian employees at the Pentagon. The terrorists also hijacked a fourth jet which was headed towards Washington, D.C. before passengers fought back, with the jet crashing in rural Pennsylvania, resulting in the deaths of all passengers and crew.
Al Qaeda attacked and destroyed the Twin Towers because they (falsely) believe that the West (i.e., the U.S. and Europe) are the aggressors in a (non-existent) war upon the people and Islamic nations of the Middle East. To them, the Twin Towers, which were home to many U.S.-based and foreign-based financial institutions, as well as numerous other corporations, symbolized the U.S., our economy, and our capitalist system. Likewise, they view the Pentagon as symbolizing the U.S. military.
For background information on Al Qaeda and bin Laden see Related Links.
What is export packing credit?
Export Packing Credit.
industry used term - EPC RATES
This is a fluctuating rates linked with LIBOR (London Inter Bank offered Rates)
In international trading, both the parties are not aware of each other, hence, they employ a world-renowned bank (globally) because they do not trust each other & deal through that bank instead.
Export Packing Credit are of 2 forms
1. Pre-shipment Credit (Packing Credit)
2. Post-Shipment Credit
These are available to the exporters, for financing purchase, processing, manufacturing or packing of goods prior to shipment.
This would mean any loan or advance extended to you by the bank on the basis of:
a) Letter of Credit opened in your favor or in favor of some other person, by an overseas buyer;
b) a confirmed and irrevocable order for the export of goods from India;
c) any other evidence of an order or export from India having been placed on the exporter or some other person, unless lodgement of export order or Letter of Credit with the bank has been waived.
Packing Credit is granted for a period depending upon the circumstances of the individual case, such as the time required for procuring, manufacturing or processing (where necessary) and shipping the relative goods. Packing credit is released in one lump sum or in stages, as per the requirement for executing the orders/LC.
The pre-shipment / packing credit granted has to be liquidated out of the proceeds of the bill dawn for the exported commodities, once the bill is purchased/discounted etc., thereby converting pre-shipment credit into post-shipment credit.
Post Shipment Packing Credit
It runs from the date of extending credit, after shipment of goods to the date of realization of export proceeds and includes any loan / advance granted on the security of any duty drawback allowed by the Govt. from time to time. Post-shipment credit has to be liquidated by the proceeds of export bills received from abroad in respect of goods exported.
The exporter has the following options at post-shipment stage:
i. To get export bills purchased /discounted / negotiated;
ii. To get advances against bills for collection;
iii. To receive advances against duty drawback receivable from Govt.
The exporter has the option to avail of pre-shipment and post-shipment credit either in rupee or in foreign currency. However, if the pre-shipment credit has been availed in foreign currency, the post-shipment credit has necessarily to be under EBR Scheme since foreign currency pre-shipment credit has to be liquidated in foreign currency. The details of pre-shipment and post-shipment credit in foreign currency are mentioned below.
It used to be important to create fractions of a dollar.
Canada just got rid of its penny, and the U.S. might not be far behind.
The penny is no longer important in our technology age when a lot is done electronically, and the penny is too costly to make.
What makes bill of lading unclean?
A clean BOL is areceipt of goods that are not damaged or with any clauses. This will occur if the carrier , shipper or consignee has any disagreemnet concerning damage, weights or unit quntity and is so marked on the BOL
A clean BOL is areceipt of goods that are not damaged or with any clauses. This will occur if the carrier , shipper or consignee has any disagreemnet concerning damage, weights or unit quntity and is so marked on the BOL
What does bill of lading mean?
The Bill of Lading is the basic document between a shipper and a carrier. It describes the condition under which the goods are accepted by the carrier and details of the nature and quantity of the goods. It even serves as a document of title to the goods described therein.
Determination of the value (price) of the goods (certainly imported one)
Chinese against foreign trade?
Some groups of Chinese activists are against foreign trade because it makes suppliers want to lower the working standards just to produce more and outdo competitors. Some poor working standards have included child labor and long hours without breaks.
Where are Adidas main sites currently producting product?
Adidas is a German sports goods and apparel manufacturer. It is world's second biggest sportswear company behind Nike. Adidas manufacturing factories are spread in the entire world. However, Asia houses more factories than any other continent. 27 percent of all Adidas factories are in China. China has 337 factories in total. India is a distant second with 99 factories.
both the names are known for there strength,expertise and ability and such a venture can create be the best choice.
How can you verify if a company is legitimate?
Ask for a copy of the tax I.D #
You can find out if a company is legitimate or not by checking it out at the website of the Better Business Bureau; see the link below.
When I am checking on a business, I like to go to www.bbb.com That is the better business Bureau and they will grade businesses. You can read and see what has been done against them, such as not honoring their warranties, etc.
Also, whoever you are wondering about, you can Google them, write for instance, if you were wanting to find out what others think about Walmart, you can write, Walmart reviews, and if there is any they will pop up and you can see what others are thinking.
Contact your local BBB (Better Business Bureau) either in person or online.
Another Answer
Recently, it has been exposed that business that join BBB can 'elevate' their ratings, based on the membership dues that they pay. As well, there is no automatic investigation as to the veracity of either complaints or responses.
From Wikipedia:
"Companies cannot achieve a 100% or A+ rating without paying membership dues, which begin at [US]$350 and go up to $10,000 for large companies. That aspect has been criticized as biased towards members. One unanswered complaint will cause the business to receive an 'F'."
You can read more about BBB, below.
If you are looking for a vendor best practices dictate that the vendor be licensed, bonded and insured in order to work on the property. Best practices further dictate that you check references of any potential vendor.
If you want to verify the legitimacy of the association, as a corporation, it is required to file annually with the secretary of state.
The import substitution strategy has certain strong points: Firstly, in developing countries there are always large domestic markets for manufactured goods, so developing an import subsitution industry involves a low degree of risk. Secondly, for developing countries, to protect local industries against foreign competition is easier than forcing developed countries to lift trade barriers against manufactured goods from developing countries. However, this strategy also meets with difficulties: Firstly, bad management and technology, and protectionism usually lead to low product quality and high production cost because of a lack of improvements. So it's difficult to require local industries to supply high-quality substitutes for imports. Moreover, in small countries with small domestic industries, carrying out the import substitution strategy is no easy task. Secondly, a lack of capital and new technology has made local industries failed to meet diversified tastes of customers, and has made imported goods cheaper than locally-made counterparts. The export-oriented strategy also has both the pros and cons. In developing countries, low personal income makes the domestic market less attractive, so aiming at larger foreign markets seems to be a good solution which could help to: (1) create more jobs and stabilize socio-political life, and (2) bring in more foreign exchange needed for importing new technologies and increasing manufacturing output. However, countries adopting this strategy meet with a lot of difficulties in gaining a foothold in the world market which is relatively stable and is controlled by more reliable suppliers from developed countries. In addition, developed countries are experts in protecting their labor-intensive industries against products from developing countries with better comparative advantages.
What is protectionism and how does it affect international trade?
Countries in order to protect their economies apply methods of restrictions such as tariffs, quotas, subsidies and exchange controls. By applying protectionism a country can gain from it in such as protecting infant industries, dumping and protecting manufacturing industries, but on the other hand can also have problems such as firms remaining inefficient, retaliation, and misallocation of resources, and related directly to international trade countries benefit on comparative and absolute advantage, and economies of scale.So it affects the international trade.
What are the major imports and exports of Vietnam?
Major imports of Vietnam includes refined petroleum products, medicines, machinery, military supplies, vehicles, and food.
Major exports of Vietnam are coal, crude, petroleum, peanuts, rice, rubber, tea, and handcrafted bamboo and rattan products.
