Here is a compilation of twenty-four question on contract with their relevant answers. Q. 1. When a contract is said to have come into force? Ans. A contract is said to have come into force when, upon receipt of an order, the exporter sends an acceptance in writing in a fixed time as indicated by the importer. Q. 2. What [...]
After reading this article you will learn about the meaning and items of monitoring for the contract. Meaning of Monitoring: Though it is essential for the exporters but it is equally important for the importers as well. The exporter can monitor the various activities which collectively result in the delivery of the goods to the importer, and the importer can [...]
Pre-Shipment Inspection & Quality Control: Important Abbreviations: (i) AWB: Airway Bill. (ii) B/L: Bill of Lading. (iii) CRF: Clean Report of Findings. (iv) FCL: Full Container Load. (v) LCL: Less than Container Load. (vi) NNRF: Non-Negotiable Report of Findings. (vii) RFI: Request for Inspection. (viii) SGS: Society General de Surveillance. (ix) QC: Quality Control. (x) NTH: National Test House. (xi) [...]