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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

Advantages of computer in transportation?

these help in giving information about ticket reservation and bookings

What does BCL mean?

BCL is an acronym for Bank Comfort Letter. It is a letter that is issued from the buyerâ??s bank to the seller.

What is swift mt202?

An MT202 is a bank-to-bank funds transfer, or payment used in the SWIFT messaging system. The daily volume of MT202 payments passing through the global banking system is enormous and the dollar amounts are high in the billions. The main use of an MT202 is for two banks paying to cover a foreign exchange trade they agreed to. One bank pays in,for instance, dollars, the other pays in the other currency traded, say Euros. Non-banks do not send payments via the MT202 format.

Irrevocable Corporate Purchase Offer?

je voudrai des spécimens des documents commerciaux dénommés FCO, ICPO et d'autres comme: SBLC, BG en Francais

Switch bill of lading?

A replacement of Bill of Lading issued at the request of a Consignee seller to replace the Original Bill Of Lading to that seller's suppliers as shipper, ao as to show the consignee seller as shipper and its own sub-purchaser as consignee. Such type of Bill Of Lading are intended to keep the identity of the supplier from the sub purchaser and thus to prevent future direct dealing between the supplier and the sub purchaser.

Who was President during the terrorist attacks on the World Trade Center?

The President was William Jefferson Clinton, sworn into Presidency on January 20, 1993. The Attack on the trade center was only four weeks later. (the first attack was on February 26, 1993) It has been reported that one of Clinton's biggest regrets as President was not capturing and killing Osama bin laden.

[ NOTE: This was not the 9/11 attack most commonly associated with the phrase "attack on the World Trade Center." This was a smaller, far less successful, attack which killed 6 and injured more that a thousand others. The president on 9/11/2001 was George W. Bush. ]

Why do home countries oppose export of technology?

Some countries oppose the export of technology because of the likelihood that other countries may copy it and compete them in the international market. The kind of technology facing that crisis includes weapons and automobile technology.

Where does the crude oil go when it leaves Valdez?

When 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).

Importance of export trading?

You might have some bananas and you have to many of them. If you keep them they would rot and they would be useless On the other hand if you give them to other countries they would be useful and the country that you give it to would most likely give you a resource that they have and they don't. Therefore making a relationship.

What is letter of credit at site?

Letter of credit at site is a kind of Letter of Credit. It is basically when the bank has to release the payment when the goods reach the specified site as agreed upon in the terms and conditions of the L/C or the transaction

What does china import export?

China's top import and export is machinery and transport equipment. The second biggest import is non edible raw materials. The second biggest export is power generation equipment.

What is the exact meaning of computer secretarial?

Computer secretarial is a branch of secretarial services that is all carried out on computer systems. The secretaries in that case do not rely on typewriters to carry out their work.

Why did salt and gold dominate the Sahara trade?

They were both plentiful in the area. Salt was needed to prevent dehydration in such hot climates. Salt was worth its weight in gold.

another thing is that salt was scarce in the savanna regions ... it was also sold in N. africa and europe:)

What Chinese explorer was sent by the Chinese empire to establish trade with foreign lands?

Early in the 15th century, a huge fleet of ships set sail from Nanjing. It was the first of a series of voyages that would, for a brief period, establish China as the leading power of the age. The voyage was led by Zheng He, the most important Chinese adventurer of all time and one of the greatest sailors the world has ever known. In fact, some people think he was the original model for the legendary Sinbad the Sailor.

Which country does Australia import petrol from?

No one.

Australia refines all its fuel needs locally. They may however, import oil to refine petrol from.

Correction:

Cited from (http://www.aip.com.au/industry/supplyreliability.htm)

  • In 2006-07, Australian refineries supplied around 75% of total Australian demand for petroleum products. That is, around 25% of demand was met by imports.
  • The bulk of imported petroleum products was from Singapore (around 64%); the proportion of diesel imports was similar (63%), while the proportion of petrol imports was much higher (90%).

What are NAFTA member countries?

Member nations of NAFTA include Mexico, Canada and the United States.

How much oil Venezuela produces?

Venezuela is one of the largest producers and exporters of oil and ranked as the 3rd in the year 2013. They produce about 2.5 million barrels of oil per day.