Imports and Export (Finance, Documentation)

International market International market involves various types of trade documents that need to be produced while making transactions. Each trade document is differ from other and present the various aspects of the trade like description, quality, number, transportation medium, indemnity, inspection and so on. So, it becomes important for the importers and exporters to make sure that their documents support the guidelines as per international trade transactions. A small mistake could prove costly for any of the parties.   For example, a trade document about the bill of lading is a proof that goods have been shipped on board, while Inspection Certificate, certifies that the goods have been inspected and meet quality standards. So, depending on these necessary documents, a seller can assure a buyer that he has fulfilled his responsibility whilst the buyer is assured…
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How are fuel (petrol/diesel) prices decided in India?

How are fuel (petrol/diesel) prices decided in India? Why does each city fuel prize have a different price-point ?(even in same state) Diesel Pricing in India Let as assume that Diesel is being imported by IOC (Indian Oil Corporation) from a company in Saudi Arabia. The price at which this Diesel is purchased is called FOB Price i.e. Free On Board Price. In simple words this is the price IOC will pay the Saudi Arabian company to deliver Diesel at a nearby international port Now this Diesel will be transported on ships from aforementioned port to some Indian Port. For this a charge will be paid to transporter. This charge is called Ocean Freight. When Ocean Freight is added to FOB Price we get resultant as C & F Price i.e. Cost & Freight Price. Thus C&F Price = FOB…
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Export A to Z Master Guide.

Imports and Export Procedure How To Export Preliminaries for Starting Export Registration Register with Export Promotion Council Despatching Samples Appointing Agents Specimen Copy of Agreement Acquire an Export License Acquire Export Credit Insurance Arranging Finance Rates of Interest Understand Foreign Exchange Rates & Protect Against Their Adverse Movement Forward Contracts Procuring/Manufacturing Goods for Export & Their Inspection by Government Authorities Labeling, Packaging, Packing & Marking Goods New Excise Procedure How To Export Golden Rule Sell Experience Selling in Export On-time Deliveries Communication Testing Products Approach Golden Rule: In order to be successful in exporting one must fully research its markets. No one should ever try to tackle every market at once. Many enthusiastic persons bitten by the export bug, fail because they bite off more than they can chew. Overseas design and product requirements must be carefully…
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What is really going on with Russia’s new internet laws .

On paper, Russia’s new laws on data storage seem to make business impossible for big internet companies like Google, Facebook, Twitter, and a wider range of online businesses. Following their summer break, Duma Deputies are back at work, busy drafting new laws concerning Russia’s internet (often called the RuNet). Federal Law242-FЗ ‘On the introduction of amendments into separate legal acts of the Russian Federation defining the order of personal data processing in the information and telecommunication networks’ (Federal Law 152-FЗ), which restricts to the territory of the Russian Federation, the collection, retention, processing, and storage of Russian citizens’ personal data by internet operators, has been signed off. Similarly, Federal Law 97-FЗ, (known as the ‘law on bloggers’) requires that ‘operators of information dissemination’ store user data for at least six months and provide law enforcement agencies with information…
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