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    Export Trade Cycle

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    pankaj_desarda
    1. The document outlines the export trade cycle for a manufacturer/merchant exporter. It involves selecting a product and market, obtaining order confirmation, opening a letter of credit, manufacturing the product, inspecting and shipping the goods via container or truck to the port, loading onto a vessel, and sending the bill of lading to the importer for clearance in the destination country. 2. Key steps include manufacturing the product, inspecting and sealing the goods, clearing customs, loading containers onto trucks or putting less-than-container-load shipments into full containers, loading containers onto vessels, and sending shipping documents to the exporter and importer to facilitate payment and clearance. 3. The complete process involves over 25 distinct steps

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    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd

    Export Trade Cycle

    Uploaded by

    pankaj_desarda
    187 views4 pages
    1. The document outlines the export trade cycle for a manufacturer/merchant exporter. It involves selecting a product and market, obtaining order confirmation, opening a letter of credit, manufacturing the product, inspecting and shipping the goods via container or truck to the port, loading onto a vessel, and sending the bill of lading to the importer for clearance in the destination country. 2. Key steps include manufacturing the product, inspecting and sealing the goods, clearing customs, loading containers onto trucks or putting less-than-container-load shipments into full containers, loading containers onto vessels, and sending shipping documents to the exporter and importer to facilitate payment and clearance. 3. The complete process involves over 25 distinct steps

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    1. The document outlines the export trade cycle for a manufacturer/merchant exporter. It involves selecting a product and market, obtaining order confirmation, opening a letter of credit, manufacturing the product, inspecting and shipping the goods via container or truck to the port, loading onto a vessel, and sending the bill of lading to the importer for clearance in the destination country. 2. Key steps include manufacturing the product, inspecting and sealing the goods, clearing customs, loading containers onto trucks or putting less-than-container-load shipments into full containers, loading containers onto vessels, and sending shipping documents to the exporter and importer to facilitate payment and clearance. 3. The complete process involves over 25 distinct steps

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    187 views4 pages

    Export Trade Cycle

    Uploaded by

    pankaj_desarda
    1. The document outlines the export trade cycle for a manufacturer/merchant exporter. It involves selecting a product and market, obtaining order confirmation, opening a letter of credit, manufacturing the product, inspecting and shipping the goods via container or truck to the port, loading onto a vessel, and sending the bill of lading to the importer for clearance in the destination country. 2. Key steps include manufacturing the product, inspecting and sealing the goods, clearing customs, loading containers onto trucks or putting less-than-container-load shipments into full containers, loading containers onto vessels, and sending shipping documents to the exporter and importer to facilitate payment and clearance. 3. The complete process involves over 25 distinct steps

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    The key takeaways from the passage are that it outlines the various steps involved in an export trade cycle from product selection to receipt of payment by the exporter.

    The main steps involved in the export trade cycle outlined in the passage are selection of product and market, order confirmation, production, inspection, transportation to ICD, customs clearance, loading at port, shipment and documentation exchange.

    The main documents required at various stages of export outlined in the passage are proforma invoice, letter of credit, invoice, packing list, shipping bill, mate receipt and bill of lading.

    MANUFACTURER/ MERCHANT EXPORTER

    EXPORT TRADE CYCLE 1 2

    1. SELECTION OF
    PRODUCT IN CASE OF MERCHANT EXPORTER OR CAN BE A MANUFACTURER ITSELF

    2 .SELECTION OF
    COUNTRY/MARKET TO EXPORT THE PRODUCT

    3. ORDER
    CONFIRMATION ON ACCEPTANCE AND SIGNING PROFORMA INVOIVE

    5
    6. THE GOODS READY
    FOR DESPATCH FROM FACTORY UNDERGO INSPECTION BY EXCISE INSPECTOR AT THE FACTORY AND EXCISE DUTY IS PAID BY THE EXPORTER

    5. THE EXPORTER STARTS PRODUCTION OF PRODUCT TO BE EXPORTED

    DFDGLL 3

    4. OPENING AND CONFIRMATION OF LETTER OF CREDIT BY IMPORTER

    LETTER OF CREDIT

    8. THE EXPORTER
    MANUFACTURING UNIT AT THE SAME TIME GIVES CHA INVOICE AND PACKING LIST FOR CUSTOM CLEARANCE AT ICDDIGHI SEALED CONTAINER BY EXCISE AT FACTORY

    6
    7. THE GOODS AFTER
    INSPECTION ARE SENT TO ICD-DIGHI EITHER SEALED IN A CONTAINER OR IN A CLOSE BODY TRUCK TO GET UNLOADED AT ICDDIGHI WAREHOUSE AND CUSTOM CLEARANCE FOR SHIPMENT

    7
    IF NOT SEALED THE CARGO IS MOVED TO ICDDIGHI IN A TRUCK AND UNLOADED AT WAREHOUSE

    8. CHA GETS INVOICE


    AND PACKING LIST FROM EXPORTER

    9. UNLOADING OF EXPORT CARGO COME FROM FACTORY FROM TRUCK INTO ICD-DIGHI
    EXPORT WAREHOUSE

    10

    11. LOADING OF CARGO IN CLOSE BODY TRUCK IF LCL OR AIR SHIPMENT EXPORT

    LOADING OF CARGO IN CONTAINER IF SHIPMENT BY SEA

    10. THE CHA THEN FILES FOR SHIPPING BILL AND CUSTOM CLEARS THE EXPORT CARGO AFTER REGISTRATION, VERIFICATION, AND GETS LET EXPORT ORDER

    11
    16. 12. CBT
    REACHES SAHARA AIRPORT FOR AIR SHIPMENT OR DRONAGIRI INCASE OF LCL SHIPMENT MOVEMENT OF CONTAINER FROM ICDDIGHI TO JNPT AFTER SEALING

    13. LOADING OF
    CARGO IN AIRCRAFT FLIGHT TAKES OFF TO ITS DESTINATION

    16

    13 12

    14 15
    LCL INTO FCL AT DRONAGIRI ACCORDING TO DESTINATION

    14. LCL SHIPMENT


    AT DRONAGIRI

    15. LCL INTO FCL. 20 OR 40 CONTAINER

    17 18
    PREVENTIVE OFFICER AT GATEWAY PORT

    18. ON REACHING THE PORT THE TRANSPORTER 17. FULL CONTAINER LOAD REACHES JNPT/ MUMBAI PORT FROM ICD-DIGHI ON A TRUCK
    SHOWS THE RELEVANT DOCUMENTS TO THE PREVENTIVE OFFICER OF THE PORT WHO VERIFIES THE DOCUMNTS AND GIVES PERMISSION TO LET CONTAINER ENTER THE PORT AND LOAD CONTAINER ON SHIP AND GIVES HIS ENDORSEMENT ON THE TRANSFERENCE COPY OF SHIPPING BILL

    19
    19. THE SHIPPING AGENT IS RESPONSIBLE FOR
    LOADING THE CONTAINER ON THE VESSEL

    20. AFTER LOADING THE CONTAINER ON SHIP THE MASTER OF THE VESSEL ISSUES A MATE RECEIPT TO PORT TRUST

    20

    21

    21. THE EXPORTERS AGENT


    THEN GOES TO THE PORT TRUST, PAYS THE PORT DUES AND COLLECTS THE MATE RECEIPT WHICH HE GIVES THE SHIPPING LINE IN ORDER TO GET ORIGINAL BILL OF LADING AS PROOF OF EXPORT.

    22. SHIPPING LINE

    EXPORTERS AGENT

    22

    23. THE VESSEL TAKES OFF TO ITS


    DESTINSTION AFTER LOADING OF CONTAINERS

    24. EXPORTERS AGENT

    23

    24

    THE AGENT HANDS OVER ORIGINAL BILL OF LADING AND CHA RELEASES EXPORT PROMOTION COPY AND EXCHANGE CONTROL COPY OF SHIPPING BILL TO EXPORTER

    25

    26. EXPORTER

    26
    25. SHIPPING BILL (EP COPY/EXCHANGE
    CONTROL COPY) AND BILL OF LADING IS GIVEN TO THE EXPORTER

    27
    27. WITH THE
    ENDORSED SHIPPING BILLS THE EXPORTER CLAIMS FOR EXPORT INCENTIVES SUCH AS DRAWBACK SCHEME ETC

    28

    28. THE EXPORTER ALSO SUBMITS THE EXCHANGE CONTROL COPY AND BILL OF LADING TO THE BANK TO RECEIVE PAYMENT FROM IMPORTER AS PER THE LETTER OF CREDIT

    29

    IMPORTING COMPANY

    29.
    SIMULTANEOUSLY THE EXPORTER EMAILS OR SCANS A COPY OF BILL OF LADING TO THE IMPORTER FOR FILING FOR CLEARANCE PURPOSE IN THE IMPORTING COUNTRY.

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