Describe the steps involved in the processing of an export order. Disc

1.	Describe the steps involved in the processing of an export order. Discuss any four steps in detail.
Answer» 1. MARKET Research and SETTING Objectives of Distribution 2. Trade Regulations 3. Making Contacts Enquiries from interested OVERSEAS buyers Checking buyer's background from ECIC and / or banks 4. QUOTATION and Terms 5. Sales Contract:- Confirming the sales contract and terms of transaction such as payment terms 6. Contract Execution:- Producing or sourcing goods Packing and labelling Arranging shipment Preparing EXPORTS documentation Arranging insurance, if necessary 7. Customs Clearance:- Arranging export declaration and applying for export licence when necessary 8. Getting Paid:- Subject to the payment terms specified in the sales contract, the exporter should present the required documents to the relevant parties for payment

Describe the steps involved in the processing of an export order. Discuss any four steps in detail.

Answer»

1. MARKET Research and SETTING Objectives of Distribution

2. Trade Regulations

3. Making Contacts

Enquiries from interested OVERSEAS buyers

Checking buyer's background from ECIC and / or banks

4. QUOTATION and Terms

5. Sales Contract:-

Confirming the sales contract and terms of transaction such as payment terms

6. Contract Execution:-

Producing or sourcing goods

Packing and labelling

Arranging shipment

Preparing EXPORTS documentation

Arranging insurance, if necessary

7. Customs Clearance:- Arranging export declaration and applying for export licence when necessary

8. Getting Paid:- Subject to the payment terms specified in the sales contract, the exporter should present the required documents to the relevant parties for payment

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