Is change of buyer (consignee) allowed by bank in International trade

 

 

Indian Union Budget 2016-17, Budget speech pdf .  Click here to read

Can the buyer (or consignee) be changed by exporter (shipper) after export?

 

Is change of buyer (consignee) allowed by bank in International tradeAs per RBI guidelines:

Prior approval of the Reserve Bank is not required if, after goods have been shipped, they are to be transferred to a buyer other than the original buyer in the event of default by the latter, provided the reduction in value, if any, involved does not exceed 25 per cent of the invoice value and the realization of export proceeds is not delayed beyond the period of 12 months from the date of export.

 

 

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 What is Ex-factory terms in Imports and Exports    
What is Express Release Bill of Lading
What is first check assessment procedures in import customs clearance
 What is FOB price in Exports and Imports and how it works
How to obtain Phyto sanitary certificate. What is phytosanitary certification
What is the difference between BAF and CAF
How to obtain a duplicate BL, if original bill of lading lost.
 How to obtain GSP - Certificate of Origin?
Procedure to Import Copper  
Tips to import Umbrellas, walking sticks, seat-sticks, riding-crops   
Difference between normal container and Hard Top Container
Purpose of Tunnel Containers           
 How to prepare Purchase order
How to amend container number in Import General Manifest IGM
The Role of the International Chamber of Commerce (ICC)
 How does STP units work in India?

How does a Running bond work?
How to make delay in delivery of Shipment?
 How to know volume of LCL cargo if not measured at factory
How to make DA mode of payment safe
Methods to Import Nickel      
Procedure to import Headgear          
Tips to import Footwear and Gaiters trade
What is Fumigation in Export and Import
How to Import Aluminum       
Methods to Import Nickel      


 What is Ex-factory terms in Imports and Exports    
What is Express Release Bill of Lading
What is first check assessment procedures in import customs clearance
 What is FOB price in Exports and Imports and how it works
How to obtain Phyto sanitary certificate. What is phytosanitary certification
What is the difference between BAF and CAF
How to obtain a duplicate BL, if original bill of lading lost.
 How to obtain GSP - Certificate of Origin?
Procedure to Import Copper  
Tips to import Umbrellas, walking sticks, seat-sticks, riding-crops   
Difference between normal container and Hard Top Container
Purpose of Tunnel Containers           
 How to prepare Purchase order
How to amend container number in Import General Manifest IGM
The Role of the International Chamber of Commerce (ICC)
 How does STP units work in India?

How does a Running bond work?
How to make delay in delivery of Shipment?
 How to know volume of LCL cargo if not measured at factory
How to make DA mode of payment safe
Methods to Import Nickel      
Procedure to import Headgear          
Tips to import Footwear and Gaiters trade
What is Fumigation in Export and Import
How to Import Aluminum       
Methods to Import Nickel      

 



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