Test Papers / Previous Question Papers of IGNOU IBO4 Export Import Procedures & Documentation June 2006

Post Graduate Diploma in International Business Operations / Master of Commerce

IBO4 Export-Import Procedures and Documentation

Term-End Examination

Time: 3 hours
Maximum Marks: 100

June 2006

1. Comment on any four of the following statements: (5x4)
(i) Claused Bill of lading is acceptable for negotiation of documents with the bank.
(ii) EDI does not facilitate supply chain management.
(iii) Export Import policy of India does not provide liberal import of capital goods.
(iv) Under 'ln process Quality Coptrol' method, the manufacturing units are approved as export worthy units.
(v) There is no single point approval mechanism-under deferred credit system

2. Distinguish between domestic sales contract and export sales contract. Explain the rights and duties of exporters and importers under FOB and CIF contracts. (6+14)

3. Enumerate the steps involved in the processing of an export order. Explain any three steps. (5+15)

4. Describe the mechanism of import finance under a letter of credit arrangement. (20)

5. Why do the exporters require pre-shipment finance? Discuss and explain the procedure of pre-shipment finance. (4+16)

6. (a) Discuss the responsibitityo f insuredu nder the cargo insurance.

(b) Describe the procedure of filing claims with the insurance company along with the documentation formalities. (10+10)

7. What is duty drawback? Explain the procedure of claiming duty drawback along with the documentation formalities. (4+16)

8. Write notes on any two of the following : (10+10) (i) EDI Bar Coding
(iil Export Declaration Forms
(iii) Role of Clearing and Forwarding Agents
(iv) Export Promotion Councils