International Trade and Finance

Basis of International Trade - Foreign Trade and Economic Growth – Balance of Trade – Balance of Payment – Barriers to International Trade – Indian EXIM Policy.

INCO Terms (FOB, CIF, etc.,) – Payment Terms – Letters of Credit- International Norms and Conventions-Types of Letters of Credit- Parties to a Letter of Credit ,Letter of credit Facility-Letter of Credit Discounting- Bill Discounting- Margins and settlement- Pre Shipment and Post Shipment Finance , Forfeiting ,Deferred Payment Terms , EXIM Bank ,ECGC and its schemes , Import Licensing , Financing methods for import of Capital goods.

Factors influencing Exchange rates , The effects of Exchange rates in Foreign Trade , Tools for hedging against Exchange rate variations , Forward, Futures and Currency swaps and options ,
FEMA Determination of Foreign Exchange rate and Forecasting – Law of one price , PPP theory , Interest Rate Parity , Balance of Payment Theory.

Bill of Exchange Type, Commercial Documents, Proforma, Commercial, Consular, Customs, Legalized Invoice, Certificate of Origin Certificate Value, Packing List, Weight Certificate, Certificate of Analysis and Quality, Certificate of Inspection, Health certificate. Transport Documents, Bill of Lading, Airway Bill, Postal Receipt, Multimodal Transport Document. Risk Covering Document: Insurance Policy, Insurance Cover Note. Official Document: Export Declaration Forms, GR Form, PP From, COD Form, Softer Forms, Export Certification, GSPS,– UPCDC Norms.

Government Organizations Promoting Exports, Export Incentives: Duty Exemption, IT Concession, Marketing Assistance, EPCG, DEPB, Advance License, Other efforts- Export Promotion, EPZ , EQU, SEZ, and Export House.