Page 103 - International Marketing

NPP

BRILLIANT'S International Marketing Environment 105

6. Date of insurance policy or certificate is later than the date on
Bill of Lading.
7. Bill of Lading are not "clear" that is, they bear notations that
qualify good order and condition of merchandize or its packing.
8. B/L are not marked "on board" when so required by Letter of Credit.
9. "On board" endorsement or charges on Bills of Lading are not
signed by carrier or its agent or initiated by party who signed bills
of lading.
10. "On board" endorsement are not dated.
11. B/L are not endorsed.
12. B/L are made out "to order" (shipper's order, blank endorsed)
where Letter of Credit stipulates "straight" (direct to consignee)
B/L or vice versa. (In fact, it is better for the exporter to prepare
'to order' B/L, as this will keep the goods in the custody of the
bank. In case of straight B/L, the title of the goods passes
automatically to the named consignee).
13. B/L do not indicate "freight prepaid" as stipulated in the Letter of
Credit.
14. B/L are not marked "freight prepaid" when freight charges are
included in invoice.
15. Descriptions, marks and numbers of merchandize are not the
same on all documents presented or are not as required by the
Letter of Credit.
16. Not all document required by Letter of Credit presented.
17. Invoice states "used" "second hand" or "rebuilt" merchandise
when such condition is not authorized by the letter of credit.
18. Invoice does not specify shipment terms (C & F, C.I.F., F.O.B.,
etc.) as stated in the Letter of credit; and
19. Invoice is not signed as the letter of credit requires. 

EXPORT PROCEDURES
Q.16. Narrate several steps involved in processing of an export order
procedure. [MBA-2012]
OR
Explain briefly the procedure of export. [MBA(FT) 2009]
OR
Briefly describe the export procedures.
[MBA(FT) 2005, 2004]