Articles under Export Import Terms
Posted on 11 June 2022
SION under Import and Export
SION is a short form of Standard Input Output Norms. It is also known as IO Norms. Standard Input Output Norms or SION in short is standard norms which characterize the measure of input or inputs sources required to make unit of output for export purpose. Input output norms are pertinent for the items, for example, electronics, engineering, chemical, food items including fish and marine items, Handicrafts, plastic and leather items and so on
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Posted on 27 April 2023
Types or Forms of Post-shipment Finance:
Following special schemes are available in respect of post-shipment finance:
(a) Export Bills Negotiated under L/C: If the exporter has obtained documentary letter of credit and has submitted the required documents, as mentioned in the UC, to the bank, the bank negotiates them and sanctions the equivalent amount of post-shipment finance to the exporter, Post-shipment finance is released after liquidating the pre-shipment finance
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Posted on 27 April 2023
Meaning of Post Shipment Finance
Post-shipment finance (short-term) refers to the credit extended to the exporters after the shipment of goods for meeting working capital requirement. It is given by the commercial banks after the shipment of goods and submission of commercial documents to them for negotiation or collection.
Post-shipment credit (medium and long-term) is given for exports on deterred payment terms for the period of over one year.
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Posted on 28 April 2023
Contents of bill of lading:
(a) Name and logo of the shipping line.
(b) Name and address of the shipper.
(c) Name and the number of vessel.
(d) Name of the port of loading.
(e) Name of the port of discharge and place of delivery
(f) Marks and container number.
(g) Packing and container description.
(h) Total number of containers and packages.
(I) Description of goods in terms of quantity.
(j) Container status and seal number.
(k) Gross weight in kg, and v
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Posted on 28 April 2023
Mate's Receipt:
Mate's receipt is a receipt issued by the Commanding Officer of the ship when the cargo is loaded on the ship. It is a prima facie evidence that goods are loaded in the vessel. Mate's receipt is first handed over to the Port Trust Authorities. After making payment of all port dues, the exporter or his agent collects the mate's receipt from the Port Trust Authorities. Mate's receipt is freely transferable. It must be handed over to the shipping company in orde
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Consular Invoice
Certificate of Origin
Factors Affecting Export Payment Terms
Making Export Decisions
Product Liability under Export Import Business
Transhipment - A redefinition
Difference between BL and MBL.
How to differentiate BL and HBL?
Difference between AWB and HAWB - Airway bill and House Airway bill
Difference between Airway bill and Master Airway Bill
Difference between Airway Bill and Bill of Lading.
Difference between NVOCC and Freight Forwarder
Any difference between Wire Transfer and Telegraphic Transfer?
Difference between Telegraphic Transfer and Swift
Difference between Swift and wire transfer
How does TT (Telegraphic Transfer) work?
What is swift transfer in import and export trade.
Difference between vessel name and voyage number
Difference between EGM and IGM
Difference between EGM and shipping bill
Difference between let export date and shipment date.
Difference between export bill collection and export bill discounting.
Difference between bill discounting and bill negotiation
Rummaging
What is Nominated cargo or Routing order shipment
Is Seaway bill a document of title? What is Seaway bill.
Difference between HS code and ITC code
Difference between Bank Release Order and Bank Delivery Order
BL charges
What is Late BL release charges
What is co-loading
Consol DO and liner DO
Difference between IGM number and line number
What is Line number in IGM
Difference between Shut out and Re-import
Difference between imports and re imports
The term LCL. What does LCL mean?
What is Dry Port
Custodian of Cargo at customs bonded CFS
Difference between shut out cargo and short shipment cargo
EGM (Export General Manifest)
Know the term Port of Discharge and Place of Delivery
Stuffing and De stuffing 2 regular terms used in shipping
Short shipment in Export business
What is Shut out in export trade
What is Black list certificate from Shipping Line
What is legalization of documents by embassy?
Difference between SOFTEX and GR forms