IBO-04 Solved Assignment Export Import Procedures and Documentation

Course Code : IBO – 04

Course Title : Export Import Procedures and Documentation

Assignment Code : IBO – 04/TMA/2018-19

1. a) Do you think that from a practical point of view it is easier for an exporter to implement an FOB contract? Discuss with example and explain the legal implications of FOB and CIF contracts.

1. b) Describe the general conditions in export contracts. (10+10)

2. a) What do you mean by letter of credit? Describe the details included in letter of credit.

1. b) Explain different kinds of letter of credit. (10+10)

3. Why should the export goods be insured? Describe various types of losses under cargo insurance with examples. (5+15)

4. Comment on the following statements:
5. a) Electronic Data Interchange (EDI) has no role in business.
6. b) From the exporter’s point of view, advance payment is free from any kind of credit or transfer risks.
7. c) Under bare – boat charter the ship owner do not let out the bare ship for a period of time.
8. d) In India, government corporations have not been established to supplement the export effort. (5×4)

5. Write short notes on the following:
6. i) Port procedures
7. ii) Exchange control regulations concerning imports

iii) Chartering practice

1. iv) Duty drawback scheme (5×4)