export import basics
TRANSCRIPT
PRELIMINARY FOR EXPORT IMPORT
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TOPICS
• INCOTERMS – Export Pricing• International Terms• Types of Ports• Types of Containers• Types of Packaging• International Payment Terms
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INCO TERMS
What is INCOTERMS? – Click• Importance of INCOTERMS?
- Port of Loading- Port of Destination
• Types of INCOTERMSi. Ex Works – Cost Up to Factoryii. FOB – Free On Board – Cost Up to Port of Loading
(Cost Up to Factory + Local Transportation + Custom Clearance Charges)
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INCO TERMSi. C&F / CFR / CNF – Cost & Freight – Cost Up to Port of
Destination (FOB + Shipping Line / Airline Freight Charges Up to Port of Destination)
ii. CIF – Cost Insurance & Freight – (C&F + Insurance Charges)
iii. DDU – Delivery Duty Unpaid – (CIF + Import Clearance Charges at Port of Destination)
iv. DDP – Delivery Duty Paid – (Door Delivery Charges without Import Duty)
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TYPES OF PORTS & TERMS
A. SEA PORT - ClickB. AIR PORT - ClickC. DRY PORT - Click
- CFS – Container Freight Station- ICD – Inland Container Depot
• Trans-shipment• Partial Shipment
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TYPES OF CONTAINERS
• 20’ft - Size• 40’ft - Size• 40’ft HQ - Size• Drum Containers• Open Top Containers• Flat Track Containers• Referrer Containers
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TYPES OF CONTAINERS
What is FCL & LCL?
• How to Calculate Freight Charges in LCL- Weight or Volume
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TYPES OF PACKING • Primary Packing• Secondary Packing• Importance of Marks & Numbers on Boxes• Preference of Marks & Numbers on Boxes• Types of Material being used in Packing
- Bag Packing- Carton / Corrugated box Packing- Drum Packing- Wooden Box / Pallets
What is fumigation?DIEM - 0215
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INTERNATIONAL PAYMENT TERMS
• 100% Advance• Part Advance Balance Against Proof of Export• CAD - Cash Against Documents / D/P –
Documents Against Payment- Transactional Cycle under CAD (*)
• D/A: Documents Against Acceptance- Transactional Cycle under D/A (*)
(Cont…) DIEM - 0215
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INTERNATIONAL PAYMENT TERMS
Risk involved under Above Payment Terms– Advances – Risk For Importer– CAD or D/A –Risk For Exporter
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INTERNATIONAL PAYMENT TERMS
• Introduction of Letter of Credit (L/C) – ClickAlso Known As DOCUMENTRY CREDIT (UCP - DC)
- What is L/C?- Cycle for Receiving Letter of Credit- Safety for Exporter & Importer
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INTERNATIONAL PAYMENT TERMS
TYPES OF L/C- Revocable L/C / Irrevocable L/C- At Sight L/C / It Usance L/C- Restricted L/C- Transferable L/C / Back to Back L/C- Revolving L/C- Confirmed L/C
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Thank [email protected]
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