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Force majeure
Remedies
Arbitration
The case of Dalmia & Arun Jain of Polaris
Incoterms
EXW– Ex works
FCA--- Free Carrier
FAS---- Free alongside ship
FOB---- Free on board
C&F----- Cost and freight
CIF----- cost ,insurance and freight
CPT– Carriage paid to
CIP---- Carriage and insurance paid to
Incoterms contd------
Credit risk
Currency risk
Carriage risk
Country risk
Voyage risk
Export registration
IEC with DGFT
PAN
Bank account
Appointment of agents
Export licenses
Customs registration
Registration with export promotion councils
Export inspection
IPQC– In process quality control
ISI, AGMARK
Fumigation
ISO- 9000 & ISO – 14000
EIA
SA- 8000
Global compact
Currency management
Importance of ICD/CFS/
Customs bonded warehouse
Green channel for exporters
Assessment
New concept of Transaction value
Customs import procedure
Importer
Person in charge of conveyance
Bill of entry
Import general manifest
Assessment
EDI
RMS
Central excise export
procedure
Exports are free of duty
Bond clearances
Rebate clearances
ARE 1
ARE 2
UT1
Proof of export
Sealing of container
Export promotion schemes
Section 65 of customs Act
Advance authorization / DFIAS
Export promotion capital goods
DEPB
Drawback
EOU
SEZ
EOU
Drawback
Its limitations
ASTR 1
ASTR 2
Clearances to SEZ exempt
Refund of service tax paid on export related
input services
WTO/ GATT
International Treaty
Governing Principles
MFN
Non discrimination
National treatment
Reduction of tariffs
Elimination of Non tariff barriers
Free Trade Agreements
NAFTA
EU
MECOSUR
ASEAN
SAFTA
Indian agreements with Sri Lanka, Thailand
and Singapore
Implications of FTAs
Importance of Ports in
International Trade
70% of international trade is over the seas
For India, it is 90%
Trade through Air is comparatively very
expensive and cannot become a common
preference, and is unsuited for heavy, large
cargo
Many coastal states possess a number of ports
Ports in India
Terminals 3 4
Vessels per
terminal 9 41
Quay length 600 m 11,754 m
Total area 133 ha 425 ha
continued
Factor JNPT SINGAPORE
Total no of quay
cranes 8 131
Crane moves
per hour 20 – 25 25 -30
Crane rate per hour 60 -70 100
continued
All Indian ports in 2005 -06 together handled
cargo of 423.3 million tons
Singapore port in the same period handled 423
million tons of cargo
Transaction costs at Indian ports are 10 %
Transaction costs in leading ports are 6 %
The transaction costs at Indian ports are in
money terms - $ 12 billion per annum
Dwell time at Indian ports as on
2005 - 06
Cargo type As on 2005-06 expected
export import exp imp