Attempt all the problems

problem1)

describe import financing? Illustrate the different methods of import finance.

problem2)

What is bill of lading? Describe the different types of bill of lading. How could transferability of bill of lading be created?

problem3)

Why is customs clearance of import cargo necessary? Describe stages of customs clearance of import cargo along with documentation formalities.

problem4)

Differentiate the following:

(a) Bill of Exchange and Bill of Entry   

(b) War Perils and Strike Perils

problem5)

Briefly describe the following:

(a) Open Cover

(b) General Conditions in Export Contract

(c) Pre-Shipment Inspection

(d) Foreign Trade (Development and Regulation) Act, 1992