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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
How was irrigation connected to trade in mesopotamia?
Irrigation was directly related to trading as a means of producing more goods than one farmer could need, allowing there to be a surplus of goods to trade. Water in the middle east was a commodity and farming via taking water from streams and rivers was not only limited to where food could be produced but was also limited to when. With much less time and space to grow food pre irrigation much less was produced, only enough for the farmer and the immediate surrounding community.
What is trading goods to other countries called?
The word "export" is the noun and verb meaning goods sent in trade to other countries.
The word "import" refers to goods received (purchased) from other countries.
What are the payment terms of a high seas sale?
Generally it should be an advance, thru cheque or credit for 30 days, normally LC terms should be avoided as its required lot of formality to discount of an lc and in high sea sale these formalities become more critical.
Thanks
What is the purpose of trading blocs?
The universal reason for the formation of such groups is to ensure the economic growth and benefit of the participating countries.
What is trade between two or more countries called?
I'm going to go with "international commerce". But any mix of words where one half means "cross-border" and the other means "trade" could be used.
Buying from another country and bringing the goods inwards = import
Selling and sending out to another country = export
What is today's ARA Platt price for Diesel Oil?
20th of August, ARA Platt price was on D2 Diesel USD 934.00 per MT
What is pre shipment and post shipment?
Difference between Pre-shipment & post-shipment documents in case of export as under
Pre-shipment Documents which are prepared before shipement i.e. Export order, Invoice, P/list, Product catalogue/ Literature/Drawings etc. SDF, Value declaration, any other declaratin given to customs
Post- Shipment Documents which are prepared affter shipment means sailing of the cargo i.e. Bill of lading , Certificate of Origin, legalise documents etc. Insurance cerificate in case of terms of delivery CIF or C&I
Documents is received by the overseas party in export consingment i.e. Invoice , P/list,Product catalogue/ Literature/Drawings etc; Bill of lading , Certificate of Origin, legalise documents etc.;Insurance cerificate in case of terms of delivery CIF or C&I
What is the meaning of export pricing?
Import and export prices are created by adding up prices of goods. The export price is the price of goods purchased outside of the country, but produced within the U.S.
What does forwarded for export mean?
The phrase forwarded for export means that the package has already been sent to the airport for shipping. This is common with courier companies when handling parcels.
How do nations gain from importing products?
They get products that arent made or maufactured in the country.
What role is played by export promotion bureau in promoting exports describe its function?
There are 2 types of merchandisers in export houses - buyer and production merchandisers. Buyer merchandisers act as a link between the buyer and the manufacturer. They have the responsibility of ensuring that the product is developed as per the requirements of the buyer so in between they have the resposibilty of sourcing, sampling and communication with the buyer. The production merchants on the other hand are a link between production and buyer merchants. They have the responsibility of ensuring that the production goes as per the schedule and as per the requirements.
Why must countries trade with other?
To obtain products, services, and natural resources that otherwise would not be available.
What are the different types of bill of lading?
2. To Order Bill of Lading: Used for shipments when payment is not made in advance. This can be shipping to one of your distributors or a customer on terms.
3. Clean Bill of Lading: A Clean Bill of Lading is simply a BOL that the shipping carrier has to sign off on saying that when the packages were loaded they were in good condition. If the packages are damaged or the cargo is marred in some way (rusted metal, stained paper, etc.), they will need issue a "Soiled Bill of Landing" or a "Foul Bill of Landing."
4. Inland Bill of Lading: This allows the shipping carrier to ship cargo, by road or rail, across domestic land, but not over seas.
5. Ocean Bill of Lading: Ocean Bills of Lading allows the shipper to transport the cargo over seas, nationally or internationally.
6. Through Bill of Lading: Through Bills of Lading are a little more complex than most BOLs. It allows for the shipping carrier to pass the cargo through several different modes of transportation and/or several different distribution centers. This Bill of Landing needs to include an Inland Bill of Landing and/or an Ocean Bill of Landing depending on its final destination.
7. Multimodal/Combined Transport Bill of Lading: This is a type of Through Bill of Lading that involves a minimum of two different modes of transport, land or ocean. The modes of transportation can be anything from freight boat to air.
8. Direct Bill of Lading: Use a Direct Bill of Lading when you know the same vessel that picked up the cargo will deliver it to its final destination.
9. Stale Bill of Lading: Occasionally in cases of short-over-seas cargo transportation, the cargo arrives to port before the Bill of Landing. When that happens, the Bill of Landing is then "stale."
10. Shipped On Board Bill of Lading: A Shipped On Board Bill of Lading is issued when the cargo arrives at the port in good, expected condition from the shipping carrier and is then loaded onto the cargo ship for transport over seas.
11. Received Bill of Lading: It is simply a Bill of Lading stating that the cargo has arrived at the port and is cleared to be loaded on the ship, but has not necessary mean it has been loaded. Used as a temporary BOL when a ship is late and will be replaced by a Shipped On Board Bill of Lading when the ship arrives and the cargo is loaded.
12. Claused Bill of Lading: If the cargo is damaged or there are missing quantities, a Claused Bill of Landing is issued.
Who is responsible for export packaging?
Packaging is an essential element of any export operation, impacting not only the safety but also the costs, communications and event marketing of a product. From a contractual point of view, responsibility for the export packaging always lies with the exporter, who must ensure that it withstands the international journey. If the packaging is damaged upon arrival in the port of destination, and the carrier proves that its handling of the cargo did not produce the damage, the seller-the exporter-will be responsible for any deterioration.(source:Joe Pattavina article)
