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ECGC SCHEMES FOR COVERING EXCHANGE RISKS: The ECGC has evolved two schemes to provide greater protection to exporters of capital goods and turnkey project against the risk of fluctuations in foreign currencies. The first scheme is called 'the exchange fluctuation Risks (Bid) scheme' to give protection in respect of bids tendered in approved foreign currencies between the date of bid and the date of contract. If the contract is not won, the ECGC refunds 75 percent of the premium paid under this policy.
If the contract is won, the exporter will be required to obtain the 'Exchange Fluctuation Risk (Contact C) over' for eligible deferred receivables. In this situation, he will be allowed in terms of this scheme to have the rate of exchange prevailing as on the date of bid if it is more advantageous than the rate of exchange as on the date of the contract.
Using marketing theory and concepts critically assess the marketing strategy of a newspaper of your choice. You should start with a general evaluation of their marketing strategy a
Permitted Currencies : The payment in foreign trade may be receptor made in a foreign currency which is freely convertible. A freely convertible currency; IS permitted by the rule
Export Declaration : 'Every exporter must make a true declaration in the prescribed form. The declaration is mandatory and includes: i) The full export value of the goods; or
Spot Rate : The current exchange rate is usually the spot rate. It is the rate at which most foreign exchange transactions are carried out. If the contract to buy or sell foreign
Exemption under Bond under Rule 13: The procedure under this Rule is similar to the one under Rule 12, except that under this Rule appropriate bond is to be executed. Under t
Explain importance of Research in business decision making? Ans: Significance of Research in Business Decision Making The role of research has significantly increase
NATURE OF CARGO INSURANCE POLICY A marine or cargo insurance policy has an international character and, therefore, a policy taken in one country is acceptable in other coun
Q. Example to have the consumer reflexively? A special issue in memory are consequently called 'scripts' or procedures we remember for doing things. Scripts involve a sequence
OBJECTIVES After studying this Unit, you should be able to: 1. Explain stages involved in export cargo shipment 2. Discuss the policy for Central Excise Rebate on expor
METHODS OF DISPUTE SETTLEMENT : There are many reasons due to which a dispute may arise between an exporter and an I importer. A common cause for dispute relates to quality. Und
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