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Q1. Your company wants to import copper rods for manufacturing finished product. Your company is seeking your guidance to select a right country and company for Import. You need to provide the sources of information from where they can get the Details of various companies and countries who produce copper rods. Kindly give a List of sources to get the above information.
Q1. Industry Associations and Trade Organizations:
Industry associations and alternate companies related to the copper enterprise may be
Q2. Your friend wants to export a small parcel to US. He wants to send thru post office as post parcel. He seeks your guidance on documentation to export thru post. Explain the documentation for export through post parcel.
1. Customs Declaration Form:
The primary and most critical report you may want is a customs announcement shape. In the USA, this shape is referred to as the Customs announcement CN 22 or CN 23, depending on
Q3. When you negotiated the prices to import one consignment from Singapore, the Supplier suggested two inciters i.e. CIF and FOB terms. Your company does not understand these two terms. Please give a write up
a. On CIF and FOB terms
b. According to you, which one is better?
Welcome to our WordPress post where we dive deep into the world of Export-Import (Exim) procedures and documentation. If you are a student at NMIMS (Narsee Monjee Institute of Management Studies) or anyone interested in mastering the intricacies of international trade, this post is designed to provide you with valuable insights, assignment solutions, exam material, MCQs with notes, and project writing assistance.
Understanding Export-Import Procedures:
Export-Import procedures involve the movement of goods and services across international borders, enabling businesses to expand their market reach and facilitating economic growth. It is crucial to comprehend the step-by-step processes, regulations, and documentation requirements to ensure smooth cross-border trade.
NMIMS Assignments Solutions:
Facing challenges with your NMIMS assignments related to Export-Import? We’ve got you covered! Our team of experts has meticulously crafted solutions to tackle a wide range of Exim topics. From understanding international trade agreements to dealing with customs clearance, our assignment solutions will help you grasp the concepts with ease.
Exam Material with MCQs and Notes:
Preparing for exams requires comprehensive study material and practice questions. We provide a curated set of multiple-choice questions (MCQs) that cover essential Export-Import topics. These questions are designed to test your knowledge and understanding of the subject matter. Additionally, we offer well-structured notes to complement your exam preparation, aiding you in revision and better retention of crucial information.
Project Writing Assistance for NMIMS:
For students pursuing higher studies at NMIMS or any other academic institution, project writing is an integral part of the curriculum. If you are working on an Exim-related project, our platform can offer you valuable guidance and support. Our experienced writers can assist you in formulating project proposals, conducting research, organizing the content, and ensuring that your project meets the highest academic standards.
April 2023
1. You have joined an export import trading company who are in a dilemma on one product i.e. whether to import or procure locally. Your head of the dept seeks your opinion to take a decision on this. You suggested to import the goods as they are quality sensitive. Your HOD requests you to put your views in writing on the reasons for this international trade
2. Your friend has got an interview with an export oriented organization. He wants your help in explaining various export assistance available in India so that he can face the question in the interview Give your inputs on Export Assistance in India
3. Your Company has given you a new assignment in Insurance Dept. You have to handle cargo insurance. Company wants to know the following so that the department can be organized better:
a. What is cargo insurance
b. What are the perils covered under cargo insurance so that the company can cover the insurance of export goods accordingly.
Dec 2022
Q1. You have joined one export organization as Export Executive. You need to register the organization with various government agencies/organizations. Give a write up to the Management giving the procedure of various registrations. (10 Marks)
Q2. You are working with a freight forwarding company. You have handled one export of a consignment of 20’ container by sea for one of your clients. You have to complete the process of export by obtaining Mate Receipt to proceed further .How will you proceed to obtain Mate Receipt (10 Marks)
Q3. You have placed an order for electronic goods with a company located in Singapore.
This is the first order being placed by your company. You are a new customer to this Singapore organization.
During negotiation on payment terms, the Singapore organization asks you to open LC as terms of payment as it is the first business with them. They are not willing to give any credit for this shipment. Your company does not know much about Letter of Credit and also worried about the reliability of the company. Hence our company asks you to explain the following to understand the Letter of credit system better. Kindly explain the following to them;
a. What is Letter of credit and its usefulness (5 Marks)
b. Procedure to open LC and parties involved (5 Marks)
June 2022
Q1. You have joined one export organization as Export Executive. You need to register the organization with various government agencies/organizations. Give a write up to the Management giving the procedure of various registrations.
Q2. You are working with a freight forwarding company. You have exported one consignment by sea for a client. Your company asks you to get Mate Receipt. How will you handle this? (10 Marks)
Q3. You have placed an order for electronic goods from Singapore. The Singapore Organization asks you to open LC as terms of payment. Your company does not know much about Letter of Credit. Your company asks you to explain the following
- What are Letter of credit and its usefulness (5 Marks)
- Procedure to open LC and parties involved (5 Marks)
Old Assignments Question
1. You are working in Procurement dept of a trading organization who distributes medical equipments. Your company wants to procure surgical equipments from domestic market. You observe, with your experience that imported product will be cheaper with better quality, and recommend the same in a procurement meeting. Management advises you to give a justification for your recommendation. Will you please highlight the reasons for international trade and why it is better to import. Based on your write up management will take a decision. (10 Marks)
2. The present Government has merged two documents into one for importing goods into India so as to reduce the number of documents. Browse the internet and inform what are these two documents merged into one document and enlist the details of information that have to be incorporated in the merged document. (10 Marks)
3. You are negotiating with an international buyer to export your company products and the international buyer has agreed to place orders. However, your Finance dept does not want to give any credit to the importer as you do not know them personally. You have to suggest a safest mode of payment to the importer so that your company is comfortable with the transaction.
a. What are the different type of payment terms prevailing in the international market today? (5 Marks)
b. What is your option of payment term for this transaction and why? (5 Marks)
Operations and Supply Chain Strategies NMIMS Assignment
