Conclude contract and trade terms

Case Study

Title: Reconditioned Car Imports from Japan to Sri lanka, 2011

Corridors and Routes: Not Specified

Trade Product: Motor vehicles (used)

Trade Type: Import

Process Analysis: Import to Sri Lanka, Export from Japan

Exporting Country: Japan

Importing Country: Sri Lanka

Category: Contract between seller and buyer

Country and Procedure Description: Buy/Conclude contract and trade terms
(Import to LKA from JPN/Motor Vehicles

Related Rules, Laws and Regulations:

Actors and Participants: - Importer
-Exporter/Representative

Input Criteria to Enter or Begin the Business Process: -The supplier sends the buyer stock lists with Cost, Insurance and Freight (CIF) prices and with details such as model, colour, options, year and month of first registration in Japan, via e-mail or sometimes the importer obtains the list online (through the supplier’s website).

Activities and Associated Documentary Requirements: 1. When the car importer has a potential buyer for a car listed on the stock list, the importer orders the vehicle. This is usually done via email or fax and sometimes over the phone. 2.The car exporter in Japan then informs the importer in Sri Lanka of the possible date of shipment and sends a Proforma Invoice on which an L/C is opened by the importer. 3.The exporter then prepares the vehicle/s to be exported.

Output Criteria to Exit the Business Process: -Proforma Invoice and Purchase Order Agreed Upon and Created

Activity Diagrams:

Number of Required Documents: 2

Minimum Required Time:

Maximum Required Time:

Average Required Time: 2

Minimum Cost:

Maximum Cost:

Average Cost: