In relation to the export from India, arrange the following steps of port procedure and customs cleareance sequentially: A. C&F agent present mate's recipt to shipping company B. Shipping company issues bill of lading. C&F agent dispatches bill of lading and other documents to the importer C. C&F agent receives documents from the exporter, takes delivery of cargo and stores cargo in warehouse till shipment D. Master of vessel issues mate's receipt to shed superintendent of port E. Cargo brought to the port shed for loading Choose the correct answer from the options given below
C, E, D, A, B
Exporting goods from India involves a series of procedures at the port and interactions with customs authorities, often facilitated by a Clearing and Forwarding (C&F) agent. Arranging these steps in the correct chronological order is essential for a smooth export process.
Let's analyze each step provided to determine their logical sequence in the context of export port operations and customs clearance:
Based on the typical flow of export operations managed by a C&F agent, the steps can be arranged as follows:
Thus, the sequential order of the steps is C → E → D → A → B.
| Sequence | Step | Description |
|---|---|---|
| 1 | C | C&F agent receives cargo and documents from exporter and stores cargo. |
| 2 | E | Cargo is transported and brought to the port shed for loading. |
| 3 | D | Master of vessel issues Mate's Receipt after cargo loading. |
| 4 | A | C&F agent presents Mate's Receipt to the shipping company. |
| 5 | B | Shipping company issues Bill of Lading; C&F agent dispatches documents to importer. |
The export process in India, like in other countries, relies heavily on accurate documentation and the coordination between various parties. The C&F agent plays a vital role in managing these complexities on behalf of the exporter. Key documents like the Mate's Receipt and the Bill of Lading are central to confirming the shipment and transferring title or control of the goods.
Proper sequencing and handling of these steps and documents are crucial for compliance with customs regulations and the smooth transit of export cargo.
General Agreement on Tariffs and Trade was formalised in the year:
In which of the following years was ADB (Asian Development Bank) established?
What is the CORRECT sequence of the following?
A. Uruguay Round
B. Kennedy Round
C. Doha Round
D. Geneva Round
Choose the correct answer from the options given below
Match List-I with List-II:
List I (Trade and Finance Institution) | List II (Headquarters) | ||
| a) | WTO | i) | Brussels |
| b) | IMF | ii) | Geneva |
| c) | FAO | iii) | Washington |
| d) | EU | iv) | Rome |
Choose the correct option from those given below:
Match List I with List II:
List- I Type of Agreement | List – II (Explanation) | ||
A. | NAMA | (I) | Liberation of International Investments |
B. | GATTs | (II) | Includes industrial goods. textile. jewellery, fish and fisheries products and manufacturing industries |
C. | TRIMs | (III) | Liberalisation of trade in goods and services |
D. | TRIPs | (IV) | Provides monopoly power to owners of intellectual ‘property |