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Export Trade Correspondences : A large bulk of our exports consists of raw material, cotton, textiles, beverages and manufactured goods. Like imports, the export trade may be either direct between the exporters and the importers trading as principals or indirect through intermediaries or agents. Exports of manufactured goods are made chiefly against orders received from abroad. Exports of raw materials and foodstuffs are, however, made both against orders and on consignment basis. When the goods are sent on consignment, the consignee in the foreign country acts as an agent of the Indian consignor and sells the goods on behalf of his principal at the best prices available and remit the proceeds to the consignor after deducting his expenses and commission. The following stages are evolved in the export trade. The first stage is the receipt of order by the exporter from the foreign importer or his agent, which contains particulars of the goods to be sent, their packing, the marks and numbers to be put on the cases, the time for shipment, instructions regarding insurance etc. The next stage is the collection of the goods ordered and their packing and marking according to packing for export. The exporter next proceeds to obtain quotation of packing for export. The exporter next proceeds to obtain quotations of freight and to select the steamer by which it will be shipped. After having shipped the goods the exporter proceeds to prepare the invoice pertaining to the goods. The invoice contains particulars regarding the number and size of the cases, their gross and net weight, the number and marks on the packages, the name of the port of shipment as well as the port of the destination. After that the exporter takes steps to recover the amount of the invoice from the importer in accordance with the terms mutually agreed upon.
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