IB0 004 EXPORT IMPORT PROCEDURES AND DOCUMENTATION December 2017 Question Paper

 

IB0 004 EXPORT IMPORT PROCEDURES AND DOCUMENTATION

December 2017 Question Paper

Time : 3 hours

Note : Answer any five questions. All questions carry equal marks.

1. What are the broad objectives of India's Foreign Trade Policy. Discuss the general provisions regarding exports under Export-Import Trade regulatory frame work

2. What is documentary credit ? Discuss the mechanism of realising payment under letter of credit arrangements along with the documentation procedure.

3. What is credit risk ? Describe the types of cover issued by ECGC.

4. State the purposes of documentation. Give a detailed description of any two of the commercial documents.

5. What are the responsibilities of Insured under a cargo insurance contract ? Also mention the procedure and related documents needed for filing a claim.

6. Define Electronic Data Processing explaining its 2(Y purpose and enumerate its strategic, operational and opportunity benefits.

7. (a) Distinguish between Liner and Tramp shipping services.

(b) Describe the role of Export Import Bank of India.

8. Write short notes on any two of the following :

(a) Customs Clearance of Export Cargo

(b) Self certification scheme of Export Inspection

(c) Bill of Entry

(d) Deemed Exports

 

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