Dispute settlement in export import trade

Settlement of disputes

 

Dispute settlement in export import tradeIn international trade, most of the business is transacted on the basis of written orders and well-drafted contracts. Notwithstanding the clarity of the detailed clauses, occurrence of disputes cannot be totally ruled out. Contract should have a clear clause for the mechanism for settlement of disputes. Referring the matters to arbitration is the most acceptable solution as it is least expensive, with minimum strained relationship. Above all, both the parties have faith in him. Venue of the arbitrator and applicability of the law are very important issues as both the exporter and importer may insist their own country and law for arbitration. Arbitration clause should be comprehensive enough dealing with these issues in the contract.

 

What is co-loading

What is Commercial enforcement hold for import cargo in US

What is consolidation of cargo What is LCL cargo less container load cargo

What is Crating in Exports and Imports

What is CT3 form. How to get CT3. Why CT3 required

What is customs bonded area in exports and imports

What is DDP terms in an export Import Business?

What is Dry Port

What is DTA in export import trade?

What is ECGC and how does ECGC protect exporters?

What is EPCG How EPCG works in Export Import trade?

What is Ex-factory terms in Imports and Exports

Transferability of Bill of Lading

Transhipment - A redefinition

GST on short supplied goods and services by nature 

Goods and services exempted to pay GST 

Who has to pay GST?

Click here to know GST rate on Goods and Services

GST Exemption list of goods and services

Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

How to export your goods?

What is VACIS exam in US import customs clearance

When can an exporter release bill of lading from shipping company?

When does exporter get EP copy of shipping bill after customs clearance

Procedure for Central Excise Clearance Under Claim of Rebate

Customs procedures for Costa Rica Export

Registration required to export from Costa Rica

Import Customs processes in Costa Rica

Import Registration and import Licence procedures in Costa Rica

How to export from Bolivia?

How to Import to Bolivia?

How to import to India from Bolivia?




Comments


Mayank Singh: Dear Discussion Forum, We are a Pvt Ltd company in Delhi, who has exported Onion to Sri Lanka, But after more than 2 months, buyer is not replying or making payment against pyt terms cash on delivery. Please advise to take strongest actions.. Thanks

easwar: I am writing to you from Chennai. I got a friend in Korea who called and asked a query, which I thought I can check with you as I could not find the document in the Customs manual or even on their website. My friend's company in Korea had sent some goods to a buyer in India, and some dispute has happened between the buyer and the seller (do not know the nature of dispute). The Indian buyer did not clear the goods and the Korean company has wanted to sell it to others. Apparently the freight forwarder has asked for NOC from the buyer, who seem to have refused to give the same. My friends wants to know which customs circular/trade notice requires such NOC from the buyer? Can you please help is sharing the circular? Please do let me know if you want to charge for the same

ankur: I'm a regular reader on your website. Great efforts have been put in by you in terms of disseminating of information on Export-Import. Really appreciate it. Was wondering in your experience, what are the top challenges that any importer/exporter from India faces? Would love to speak sometime.

gugan: We have an unique scenario , wherein the Principal Places an PO and opens an LC to Indian Pipe Supplier at Mumbai. Pipe supplier needs to send the materials (pipes and fittings ) to one more party located at Hosur for value addition. Kindly Note there exists a separate PO between Principal to the party at Hosur for value addition . Similarly other few supplies are made to the Hosur party and finally a value added component needs to be exported to Indonesia from chennai. Here the exporter is the Hosur party .There comes the complication on how to proceed about it , I understand sending inputs or goods without paying GST to a job worker and in turn to a job worker is permitted , but when it comes to export what are all the documents needed ?

Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers