Study on the Pre Shipment and Post Shipment Process with Reference to the Triway Forwarders Pvt Ltd
Rajasekar1, M.Thiagarajan2
1Dr. Rajasekar, Professor, Department of Buisness, AMET Deemed to be University, Chennai (Tamil Nadu), India.
2Dr. M. Thiagarajan, Assistant Professor and HOD, Department of Business, Administration, Alagappa Govt. Arts College, Karaikudi (Tamil Nadu), India.
Manuscript received on 22 April 2019 | Revised Manuscript received on 01 May 2019 | Manuscript Published on 05 May 2019 | PP: 387-390 | Volume-8 Issue-2S2, May 2019 | Retrieval Number: B10810182S219/19©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The exporter gets payment at the time of the shipment of goods; he has to arrange for finance to meet the expenses involved until the time of shipment. These include expenditure on the purchase of materials and Components, processing, packaging, packing, marking, transaction, Warehousing, etc. In many instances, the exporter is compelled to extend credit to the overseas buyer .In fact, in international marketing; the nature of the sales/credit term offered is a very decisive factor in obtaining business. In many cases, the exporter as to wait for a period of time-short, medium or long- even after the shipment of goods to obtain payment from the overseas buyer. He as therefore to arrange for post-shipment finance, covering the period between the shipment of the goods and the receipt of payment. All the countries which are serious about export promotion have, therefore, made institutional arrangement for the provision of both pre-shipment and Post-shipment finance. In India the export sector is regarded as a priority sector.
Keywords: Shipping, Pre Shipment, Post Shipment, Operational Procedure.
Scope of the Article: Process and Workflow Management