A STUDY ON EXPORT FINANCE AND ASSISTANCE IN CHENNAI PORT TRUST, CHENNAI.

PROJECT REPORT Submitted to the CHENNAI PORT TRUST In the partial fulfillment of the requirements for the award of the degree of

MASTER OF BUSINESS ADMINISTRATION

Submitted by KARTHICK.S (Reg.No. MA00969)

NATESAN INSTITUTE OF COOPERATIVE MANAGEMENT (Affiliated to AICTE) ANNA NAGAR, CHENNAI-600040 May 2012

DECLARATION

I Mr. KARTHICK S OF NATESAN INSTITUTE OF CO-OPERATIVE MANAGEMENT HEREBY DECLARE THAT I HAVE COMPLETED THIS PROJECT ON EXPORT PROCEDURE AND DOCUMENTATION IN THE ACADEMIC YEAR2010 2012. THE INFORMATION SUBMITTED IS TRUE AND ORIGINAL TO THE BEST OF MY KNOWLEDGE.

DATE: PLACE: (SIGNATURE OF THE STUDENT)

CERTIFICATE

I Prof. I VENKATESH

HERBY CERTIFY THAT Mr. KARTHICK S OF NATESAN

INSTITUTE OF CO-OPERATIVE MANAGEMENT HAS COMPLETED THE PROJECT ON EXPORT PROCEDURE AND DOCUMENTATION IN THE ACADEMIC YEAR 2010 2012. THE INFORMATION SUBMITTED IS TRUE, ORIGINAL AND AUTHENTIC TO THE BEST OF MY KNOWLEDGE.

SIGNATURE OF PRINCIPLE (Prof. JAGANNATHAN)

SIGNATURE OF PROJECT GUIDE (Prof. I VENKATESH)

ACKNOWLEDGEMENT
IT IS THE MATTER OF GREAT PLEASURE AND PRIVILEGE TO BE ABLE TO PRESENT THIS PROJECT REPORT ON EXPORT PROCEDURE AND

DOCUMENTATION. THE COMPILATION OF THE PROJECT IS A MILESTONE IN THE LIFE OF THE MANAGEMENT STUDENT AND ITS EXECUTION IS INEVITABLE WITH THE CO-OPERATION OF THE PROJECT GUIDE. I WISH TO RECORD A DEEP SENSE OF RESPECT AND GRATITUDE TO MY PROJECT GUIDE, PROF. I VENKATESH FOR HIS ENCOURAGEMENT TO COURSE OF MY WORK. IT IS DUE TO THE ENDURING EFFORT AND GUIDANCE OF MY GUIDE THAT ULTIMATELY MADE IT SUCCESS. I ALSO TAKE THIS OPPORTUNITY TO EXPRESS MY DEEP REGARDS AND GRATITUDE TO THE PRINCIPAL JAGANNATHAN AND WOULD LIKE TO THANK

THE HEAD OF MANAGEMENT DEPARTMENT PROF. PARAMESH WARAN.M WHO GAVE US GUIDANCE TO TAKE UP AND PURSUE THE PROJECT I CANNOT JUST CONDONE THE VALUABLE OPPORTUNITY GIVE TO ME BY THE UNIVERSITY OF MADRAS FOR COMPILING AND SUBMITTING THE PROJECT, WHICH I FEEL IS AN OPPORTUNITY TO EXPRESS MY VIEWS ABOUT EXPORT PROCEDURE AND DOCUMENTATION. I ACKNOWLEDGE MY INDEBTNESS TO VARIOUS AUTHORS FOR MAKING USE OF VALUABLE INFORMATION LIBERALLY. IT IS MY PROUD PRIVILEGE TO EXPRESS MY DEEP SENSE OF APPRECIATION AND GRATITUDE TO MY PARENTS AND FRIENDS FOR THEIR SUPPORT AND CO-OPERATION IN THE COURSE OF THE PROJECT.

INDEX
SERIAL NUMBER 1 2 3 CONTENT COMPANY PROFILE INTRODUCTION EXPORT SALES & CONTRACT TERMS & PAGE NUMBER 7 18 20

CONGITIONS 4 5 6 7 8 TERMS OF SHIPMENT INCOTERMS. PROCESSING AN EXPORT ORDER EXPORT DOCUMENTS OCTROI QUALITY CONTROL & PRE-SHIPMENT 20 23 24 48 57

INSPECTION 9 10 11 12 SHIPPING ANG CUSTOMS FORMALITIES SALES TAXES EXEMPTION PROCEDURE THE LETTER OF CREDIT PREPARATION AND SUBMISSION OF 55 61 66 78

DOCUMENTS FOR BANK NEGOTIATIONOR PURCHASE 13 CONCLUSION 81