CERTIFICATE IN EXPORT IMPORT MANAGEMENT - IB SPECIALIZATION

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ASSIGNMENT

DRIVE	FALL 2015
PROGRAM	Certificate in Export Import Management
SEMESTER	IV
SUBJECT CODE & NAME	CERTIFICATE IN EXPORT IMPORT MANAGEMENT - IB SPECIALIZATION
CREDITS& MARKS	60

Note: Assignment (60 marks) must be written within 6-8 pages. Answer all questions. Kindlynote that answers for 10 marks questions should be approximately 400 words. Each question isfollowed by evaluation scheme.

Q. 1 What is containerisation? Describe the advantages and disadvantages of containerization.

Answer: Containerization is an approach to the transport of goods and services that are in smaller quantities than the lots commonly transported by bulk transporters. The basic concept is that these smaller lots are packed and sealed in containers that can easily be stacked and transported intact, with no need to break down the contents along the way. This approach makes it possible to use multiple options in the actual transport, including road, rail, water, and air travel options.

Q. 2 List out the various export promotion schemes currently available to exporters. Explain MDA in detail.

Answer: To achieve the objectives laid down under the Foreign Trade Policy 2004-09 and double India’s percentage share of global merchandise trade by the year 2009, the government is committed to providing a stimulus to exports through various export promotion schemes from time to time. Details of the existing Export Promotion Schemes are as follows:

·         Advance licensing scheme

·         Duty Free Replenishment Certificate (DFRC) scheme

·         Duty drawback scheme

·         Export Promotion Capital

Q. 3 What are the advantages and disadvantages of air freight as compared to sea freight? Describe Air Way Bill and its use.

Answer: When it comes to shipping your items for international move you have two options: shipping by air or shipping by sea.

Air Freight is the quickest method and is usually reserved for your essential items like clothing and small shipments you'll need promptly when you arrive.

Q. 4 Explain the requirement of cushioning materials in export packaging. Describe the main types of cushioning materials used and their application.

Answer:Goods are frequently transported which are particularly sensitive to mechanical stresses and which must consequently be protected from damage due to impact, jolting or vibration in transit. They are thus additionally protected by cushioning materials inside the shipping packaging.  Fragile goods, such as glass, ceramics, porcelain, or sensitive electronic products, such as computers and electronic home entertainment equipment, are particularly susceptible to mechanical stresses and should be protected.  In addition to protecting the package contents, cushioning materials may also be used to adjust the packages to a standard

Q. 5 You are a merchant exporter. A prospective overseas client has shown interest in your products. Write a letter making a firm offer mentioning all relevant facts regarding product features, payment terms, transport details, insurance, delivery schedules, packaging etc.,? Assume all relevant details about the product and the client.

Answer:Exporting and importing are two sides of the same coin; both supply customers with products manufactured outside the country. Exports now account for over 15% of global GNP and are growing at an annual compound rate in excess of 10%. Export marketing requires a knowledge of the target market, a marketing mix decision, planning, organisation and control and information systems. Exporting is often an incremental process, from unsolicited order filling to deliberate export planning. No doubt few firms will export unless

Q. 6 List out the Principal Export Documents along with a brief description of each of them.

Answer: Each export shipment involves many documents to satisfy government regulations controlling exporting as well as to meet requirements for international commercial payment transactions. The more frequently required documents are expert declaration, consular invoices or certificates of origin, bills of lading, commercial invoices and insurance certificates. Additional documents such as import licenses, export licenses packing lists, and inspection certificates for agricultural products are often necessary.

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

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or

Call us at : 08263069601

(Prefer mailing. Call in emergency )