BA5060

Exim Management

HBS > Sectoral Specializations > Exim Management
Course ID
BA5060
Level
Post Graduation
Semester
Semester III

OBJECTIVES:
• To enlighten the students about the major functions in export and import processes.
• To provide the expertise for solving issues related to requirements in EXIM management.

UNIT I FUNDAMENTALS OF IMPORT AND EXPORT
Role of Import and Export Trade in an Economy – Institutional Framework for Foreign trade in India -Role of Director General of Foreign Trade and Commerce – Objectives of EXIM Policy – Global trade flows – Contract of International Sale of Goods – INCOTERMS 2010

UNIT II OVERVIEW OF EXPORT AND IMPORT
Marketing for Exports – Negotiation and finalization of Export contract – Export Documentation Procedures – Cargo Insurance – Export Promotion Councils and incentive schemes- Role of Logistics in Exports- Export Houses / Trading Houses

UNIT III DOCUMENTATION FRAMEWORK
Import for industrial use / trading – Import Documentation and Customs clearance procedures – Types of Imports – Import Licenses – Cargo Insurance – Role of Logistics in Import

UNIT IV CREDIT AND PAYMENTS
Payment methods in Foreign Trade – Documentary Credit / Letter of Credit–LOU-UCP 600 with respect to Shipping Documents and L/C Negotiation – Export / import financing strategies – Managing payment risks.

UNIT V CUSTOMS CLEARANCE AND AGENCIES
Roles of Service providers in EXIM transactions – Global Traders – Commodity Brokers – Custom House Agents – Transport Operators – Freight Forwarders – Warehousing and 3PL service providers – Liners /Ship Agencies – Container Freight Stations – Port – Inspection Agencies/ surveyors – Quarantine Agencies – Pest Control Agencies – Chamber of Commerce.

TOTAL: 45 PERIODS

OUTCOMES:
• The students would be aware about the formalities of export and import industry
• The students will be able to comprehend the importance of exim management.

REFERENCES:

  1. Justin Pauland Rajiv Aserkar, Export Import Management, Second Edition, Oxford University Press, 2013.
  2. UshaKiranRai, Export – Import and Logistics Management, Second Edition, PHI Learning, 2010.
  3. Director General of Foreign Trade, Foreign Trade Policy and Handbook of Procedures, 2015
  4. Coyle et.al, Management Of Transportation, 7th Edition, Cengage Learning, 2011