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Imad Kassir

Imad Kassir

Lawyer
12 Followers
From Bangladesh
To United Arab Emirates
Dec 14
2020
1
answer
Imad K.
Dec 14, 2020

Post Shipment Finance is a kind of loan provided by a financial institution to an exporter or seller against a shipment that has already been made. This type of export finance is granted from the date of extending the credit after shipment of the goods to the realization date of the exporter proceeds. Exporters dont wait for the importer to deposit the funds.

The post shipment finance can be classified as :

a) Export Bills purchased/discounted.

b) Export Bills negotiated

c) Advance against export bills sent on collection basis.

d) Advance against export on consignment basis

e) Advance against undrawn balance on exports

f) Advance against claims of Duty Drawback.

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From Argentina
To Kenya
Dec 10
2020
1
answer
Imad K.
Dec 10, 2020

Pre-shipment inspection, also called PSI, is an important and reliable quality control method for checking goods' quality while clients buy from the suppliers. The pre-shipment inspection is normally agreed between a buyer, a supplier, and a bank, and it can be used to initiate payment for a letter of credit. A PSI can be performed at different stages:

a) Checking the total amount of goods and packing

b) Controlling the quality and/or consistency of goods

c) Verifying compliance with the standards of the destination country

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From United Kingdom
To Malaysia
Dec 01
2020
1
answer
Imad K.
Dec 01, 2020

Methods employed in controlling the volume or value of goods coming into a country, usually to maintain the exchange rate of the country's currency. Also called import controls, the primary import restrictions are:

1. Tariffs (import duties) or taxes levied on the imported goods to make them costlier.

2. Import licenses or import quotas that limit the total quantity of goods imported, or imported from a certain country.

3. Currency restrictions that limit the amount of foreign exchange available for payment of imports.

4. Prohibition that prevents entry of illegal or harmful items. The last three are collectively known as non-tariff barriers.

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Financial sanctions

Are financial sanctions important while importing to or exporting from the UK?
From United Kingdom
To United States of America
Nov 17
2020
1
answer
Imad K.
Nov 17, 2020

Of course it is important. You should consider who and where the goods or services are coming from or going to. It is possible that financial sanctions such as an asset freeze may apply to one of the parties or to the financial aspects of the trade.

Also is important to examine who is shipping the goods, and whether they are being shipped on a sanctioned vessel.

You shall take into consideration whether a designated person is based in a different country to the one you are operating in, but is still subject to financial sanctions in that country. For example, companies from Malaysia, Turkey and UAE are listed under the Iran (nuclear proliferation) regime.

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From Bangladesh
To South Africa
Nov 06
2020
1
answer
Imad K.
Nov 06, 2020

An ATA Carnet represents an international Customs document which authorizes the temporary importation of commercial samples, professional equipment or goods for an exhibition.

An ATA Carnet is valid for one year and permits for movement of the goods shown on the Carnet as many times as it is required during the 12 months to any of the destinations applied for.

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