Grooming the students into the best professionals, with the hope to build a stronger world.
Grooming the students into the best professionals, with the hope to build a stronger world.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.
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