Conclude contract and trade terms

Case Study

Title: Import of palm Oil from Malaysia to West Myanmar, 2013

Corridors and Routes: - Yangon Port - Nay Pyi Taw

Trade Product: Palm oil

Trade Type: Import

Process Analysis: Import to Myanmar, Export from Malaysia

Exporting Country: Malaysia

Importing Country: Myanmar

Category: Contract between seller and buyer

Country and Procedure Description: Buy/Conclude contract and trade terms
(Import to MMR from MYS/Palm Oil)

Related Rules, Laws and Regulations: -Incoterms

Actors and Participants: -Exporter (or representative)
-Importer

Input Criteria to Enter or Begin the Business Process: -Exporter has a list of potential palm oil sellers.

Activities and Associated Documentary Requirements: 1.Importer requests a quotation from potential exporters. 2. Exporter prepares the quotation (price and sales terms). 3.Importer reviews the quotation and determines if the quoted price and sales terms are acceptable. If the quoted price and sales terms are not acceptable, importer negotiates with the exporter about revising the quoted price and/or sales terms. 4. If the quoted price and sales terms are acceptable, importer confirms the purchase of goods with a purchase order. 5. Exporter acknowledges the receipt of the purchase order and confirms that the palm oil will be delivered according to the agreed price and sales terms by sending the importer a proforma invoice. In addition, the exporter prepares the delivery of goods. 6.Importer receives the proforma invoice.

Output Criteria to Exit the Business Process: - Exporter and importer agreed on the price and contract terms and have concluded the sales contract.
- Based on the purchase order, the exporter starts to prepare the export of goods.

Activity Diagrams:

Number of Required Documents: 1

Minimum Required Time:

Maximum Required Time:

Average Required Time: 1

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Maximum Cost:

Average Cost: