NMIMS ITM ASSIGNMENTS

Custom Shipping and Insurance

1. During a voyage a ship was nearing a port. However, it started tilting due to some technical issues. Captain has decided to throw some cargo from the top deck to reach the port safely. Under which clause of Marine policy, a captain of a ship throws some goods into the sea to reduce the weight of ship and save the other cargo and how this loss is compensated to the people who lost the cargo. 10 Marks

2. A cargo ship has arrived in Mumbai Port and completed the unloading and loading process of cargo. Customs officials got a tip off that the ship was carrying some contraband goods. Customs rushed to the ship with the entire team to search the ship. The captain refused to allow them to enter as they don&rsquot have right to do so. However Indian customs barged into the ship and broke open various rooms and confiscated the contraband goods. Under which section of the Customs Act 1962 the customs officers have the power to stop and search the conveyances 10 Marks

3. Your company has imported one consignment by sea. The seaport is 80 km away from your office. You are heading the import export dept and has to clear this. You have limited manpower to handle the dept.

a. What would be your proposal to the management to clear this. i.e. whether to do self clearance through your staff or outsource to a customs broker erstwhile customs clearing agent 5 Marks

b. Support your decision with proper reasons 5 Marks

India 's Foreign Trade

1. Explain how poor bilateral relationship between two countries affect bilateral trade between the countries, take any one example from recent incidents between India and other country. 10 Marks

2. How does Balance of Payment BoP is crucial in International Trade and Political relationship between the countries, explain the concept with example of India and China or India and USA. 10 Marks

3. Well established Indian cosmetics Manufacturing and Marketing Company decided to expand their business boundaries through International business.

a. If you being head of International business of company how do you plan to make your entry in to new market overseas, explain with stepwise market entry plan. 5 Marks b. What are the probable entry barriers you may face any new overseas market, explain how you will overcome those problems. 5 Marks

Export Import Procedures and Documentation

1. You are working in Procurement dept of a trading organization who distributes medical equipments. Your company wants to procure surgical equipments from domestic market. You observe, with your experience that imported product will be cheaper with better quality, and recommend the same in a procurement meeting. Management advises you to give a justification for your recommendation. Will you please highlight the reasons for international trade and why it is better to import. Based on your write up management will take a decision. 10 Marks

2. The present Government has merged two documents into one for importing goods into India so as to reduce the number of documents. Browse the internet and inform what are these two documents merged into one document and enlist the details of information that have to be incorporated in the merged document. 10 Marks 3. You are negotiating with an international buyer to export your company products and the international buyer has agreed to place orders. However, your Finance dept does not want to give any credit to the importer as you do not know them personally. You have to suggest a safest mode of payment to the importer so that your company is comfortable with the transaction.

a. What are the different type of payment terms prevailing in the international market today 5 Marks

b. What is your option of payment term for this transaction and why 5 Marks