IB0 04 EXPORT - IMPORT PROCEDURES AND DOCUMENTATION June 2018 Question Paper

IB0 04 EXPORT - IMPORT PROCEDURES AND DOCUMENTATION

June 2018 Question Paper

Time : 3 hours

Note : Answer both the parts - A and B.

1. Comment on any four of the following :

(a) Obtaining payment through a confirmed irrevocable letter of credit is the safest method of realising export proceeds.

(b) Exports are essential for economic growth of the country.

(c) Cargo insurance, also known as marine insurance occupies an important position in international business.

(d) ISO 9000 Quality System are significant in exports.

(e) Gearing and forwarding agents provide a link between the shipper and the carrier.

(f) For understanding international marketing operations, an exporter needs special guidance and assistance from specialized institutions.

Answer any four of the following questions.

2. Explain various types of Commercial Documents used in Exports.

3. Explain in detail, the concept of 'loss' in an insurance contract. Also explain the procedure of filing claims along with documentation in case of cargo insurance. 10+10

4. Discuss the legal framework, stages, documentary requirements and related procedures in custom clearance of export cargo.

5. Define a letter of credit and discuss its practical mechanism as a method of payment in Export/Import business.

6. What are the methods of dispute settlement in export - import trade ? Which method is best suited for Indian exporters ? Discuss with examples.

7. Write short notes on any two :

(a) The Rationale of Canalisation of exports and imports

(b) Role of Export - Import Bank of India

(c) Shipping bill

(d) Financial Guarantees of ECGC