IBO-04 COURSE TITLE : EXPORT IMPORT PROCEDURE AND DOCUMENTATION 2022-23

TUTOR MARKED ASSIGNMENT
COURSE CODE : IBO-04
COURSE TITLE : EXPORT IMPORT PROCEDURE AND DOCUMENTATION
ASSIGNMENT CODE : IBO-04/TMA/2022-23
COVERAGE : ALL BLOCKS
Maximum Marks: 100
Note: Attempt all the questions.
Q 1.
a) What do you mean by pre-shipment finance? Enumerate the methods of pre-shipment finance. Describe the procedure of pre-shipment credit in foreign currency.
(10+10)
b) What is post -shipment finance? Explain various methods of post-shipment finance.
Q 2.
a) What do you understand by letter of credit? Briefly explain various kinds of letter of credit.
(10+10)
b) Give the details of the various documents required under the letter of credit.
Q 3.
Distinguish between:
a) Domestic Sales Contract and Export Sales Contract
b) Consular Invoice and Customs Invoice
c) Revocable and Irrevocable letters of credit
d) Insurance policy and Insurance Certificate
(5×4)
Q 4.
Comment on the following:
a) „In export-import trade people are dealing in documents and not in goods.‟
b) „FOB contract is not different from CIF contract.‟
c) „Export Incentives are not a universal practice.‟
d) „RBI does not have a significant role in regulating payments of exports.‟
5×4
Q 5.
Write notes on the following:
a) Marine Insurance Act. 1963
b) EXIM Bank
c) Current Account Transactions
d) Political Risk