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Management · Q247

Foreign Trade Policy

Graduate and Post Graduate · Management · question 247

Q247

Arrange the following in correct sequence of pre-shipment export procedure. 1. Approaching foreign buyers 2. Inquiring and making an offer 3. The letter of credit is opened by the importer 4. Exporter obtains ta pre-shipment finance 5. Exporter arranges for the production 6. Exporter then properly packs and marks the goods with details 7. Exporter then contacts the Export Inspection Agency (EIA) to obtain a inspection certificate 8. Exporter then seeks for exemptions under central excise duty 9. Exporter then obtains the insurance cover under the ECGE 10. Exporter appoints a Clearing and Forwarding (C & F)

A.
1, 2, 3, 5, 4, 6, 7, 8, 9, 10
B.
10, 9, 1, 2, 3, 4, 5, 6, 7, 8
C.
1, 2, 3, 4, 5, 6, 7, 8, 9, 10
Answer
D.
9, 10, 2, 3, 4, 5, 6, 7, 8, 1

Answer: Option C

Solution

Answer: Option C
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