TUTOR MARKED ASSIGNMENT
Course Code : IBO – 04
Course Title : Export Import Procedures and Documentation
Assignment Code : IBO – 04/TMA/2017-18
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.

1. You are an exporter of engineering products. State the commercial documents required for the export of engineering products and discuss their features.

2. Distinguish between:

) Free on Board (FoB) and Cost Insurance Freight (CIF)

ii) Bill of Exchange and Bill of Entry

iii) Payment credit and Deferred payment credit

iv) Supplier’s credit and Buyer’s credit

3. What are the objectives of exchange control? Explain the regulation and management of foreign exchange under Exchange Control Regulations.

4. Comment on the following statements:

i) There are universally acceptable norms as to the form of export contracts.

 ii) There are no difference between revocable and irrevocable letter of credit and confirmed letter of credit.

iii) Post shipment credit in foreign currency is not provided to Indian exporter.

iv) Under the Bareboat charter, the ship-owners do not let out the bare ship for a period of time.

5. Write short notes on the following:

 i) India Trade Promotion Organization (ITPO)

ii) Strengthening Export Marketing Effort

iii) Open Cover

 iv) Export under deferred payments