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The establishment which facilitate storage of goods is known as warehouse and the services rendered in connection with storage of goods is known as warehousing.

The trade between two or more nations is termed as foreign trade or international trade. It involves exchange of goods and services between the trades of two countries.

Foreign trade involves the usage of various document. Some of the important document used in foreign trade are as follows:

Buying and selling of goods and services between two or more countries is termed as foreign trade. It involves exchange of goods and services between two parties who have different citizenship status.

The Import and export (control) Act, 1947 regulates the export and import of goods. All the countries impose restrictions on export of certain specified goods which are in short supply.

The different kinds of price quotation are: Loco: It means ex-warehouse price. In this case, seller undertakes to keep the goods in his godown at the disposal of buyer who has to bear all the expenses of removing the goods. It is otherwise called as spot price. FOB: It means free on Rail. In this […]

A warehouse is a godown which provides for safe custody of goods dealt in internal trade and foreign trade. The services rendered by a warehouse are as follows:

The trade engaged in import of goods from a foreign country not for consumption but for re-exporting them to another country is called entrept trade.

Import of goods from a foreign country can be effected in two ways. The import of goods can take place directly or through a middleman.

After the goods are shipped, the exporter desires to get payment of the bill drawn by him on the importer. Such immediate payment can be received by discounting the bill with his banker.

In the early stage of human civilization, men produced as per their need and consumption. But the industrial development has made production round about and this has resulted in large scale production.

The following documents are prepared by the exporter at the time of exporting goods. These are:

Before sending the goods to the importer, the exporter seeks to know the creditworthiness of the importer.

The indirect exporters who act as intermediaries between the manufacturers and the importers are called export houses or export merchants.

Bill of lading is a contract where the ship-owner acknowledges the receipt of the goods on the board and undertakes to carry the goods to the destination port as per conditions stated therein.

Foreign trade is as old as human civilization. Trade between persons and firms of different countries is called foreign trade.