It is a scheme under which an exporter is allowed duty free supply of domestic as well as imported inputs required for the manufacture of exports goods

Domestic Tariff Area

International Finance Corporation (IFC).

International Center for Settlement of Investment Disputes

May, 1956

Seven

Letter of Credit.

As soon as order is confirmed and letter of credit is received, the exporter approaches the bank to receive pre-shipment finance which he needs to buy raw materials and other inputs to produce goods to be exported. Firms require finance for various activities such as purchase of raw material and manufacture of goods. In the case of exporters, this finance is obtained from banks in the form of advances known as preshipment finance.

The exporter sends reply to the enquiry of the importer in the form of a quotation. It is called Performa Invoice.

Mate Receipt is a receipt issued by the commanding officer of the ship when the cargo is loaded on the board.

Certificate of Origin.

Free On Board (FOB) indicates that the supplier pays the shipping costs that usually include the insurance costs from the point of production to a specified destination, at which point the buyer takes responsibility.

Import License.

GATT and GATS.

Export Promotion Zones (EPZ) and Special Economic Zones (SEI).