Trade terms are agreed upon
1. Once trade terms are agreed upon, the exporter prepares and signs a contract, which is then sent to the importer for signing. 2. When signed by the importer the contract document is exchanged between the importer and exporter. This activity formalizes the trade agreement. 3. Then the importer sends a purchase order to the exporter and arranges the payment(s).
1. The exporter searches for a buyer or establishes contact with an existing buyer. Then the Nepalese exporter and the importer (in India) discuss and agree on trade terms.
1. An L/C is opened in the importing bank and transferred to the exporter through the exporter's bank. The L/C guarantees payment for the goods under specific conditions to be followed by the exporter. 2. Upon receipt of the L/C, the exporter dispatches the cargo in accordance with the conditions stipulated in the L/C. 3. After dispatching the cargo, the exporter prepares the documents as required by the L/C and submits them to the bank for payment. 4. If all documents are correct as per instructions from the importer's bank, the exporter's bank makes the payment to exporter by honouring the L/C.
1. The exporting firm sends a sample of the product to a laboratory in India, as Indian importers do not recognize the test results of laboratories in Nepal. 2. On the basis of the test results, the laboratory issues a quality assurance certificate to exporter.
1.The exporter submits an application to the FNCCI for recommendation to the Department of Industry (DOI) for issuing the Value Added Certificate. T 2. The FNCCI examines the document and sends the recommendation letter to DOI. 3. The exporter also applies to the DOI with the same set of documents. 4. After examining the submitted documents and receiving the recommendation letter from the FNCCI, the DOI issues the Value Added Certificate to the exporter.
1. The exporter contacts a transport company and negotiates transport of the goods. 2. Following this, the goods are loaded in truck or container and the relevant documents, including the packing list, contract document and commercial invoice are given to the transport operator.
1. The exporter buys an insurance policy to cover such risks, unless it is specified in the contract between the exporter and importer that the responsibility for insurance lies with the importer. 2. To buy a cargo insurance policy, the exporter submits an application to an insurance company along with the commercial invoice, transport contract, evidence of payment and packing list. 3. The insurance company examines the documents and, if satisfied, requests the exporter to pay the insurance premium. 4. After receiving the premium the insurance company issues an insurance policy to the exporter.
1. The exporter submits an application with the required documents (contract document, evidence of payment, Quota Certificate and passbook, Value Added Certificate, PAN/VAT Certificate and Industry Registration Certificate) and, after verifying the submitted documents, the District Chamber Office personnel informs the exporter to pay the fee for the COO. Upon receipt of the fee, the District Chamber Office issues the COO.
1. The exporter completes the export Customs Declaration Form and submits it to the customs office along with the required documents. 2. The customs official examines the documents and inspects the cargo. 3. After completion of the inspection, the customs official signs the Customs Declaration Form, records the quantity and value of the goods and then permits onward transport of the cargo. 4. The transport operator then moves the truck or container to the destination. 5. The copies of the Customs Declaration Form and Foreign Currency Declaration Form signed by the customs official are given to the exporter.