I (Meaning and importance of Exports) Unit Structure

5) Bilateral Trade Agreement -- 
It refers to a trade agreement between two countries. 
Countries enter into trade agreement for tariff concessions, or in 
any other respect for promoting the trade among the contracting 
parties. Trade agreement between more than two countries is 
called multilateral trade agreement. 
6) Bill of Lading 
– 
Bill of Lading is a document of title to the goods. It is issued 
by the shipping company and serves as a receipt from the shipping 
company which undertakes to deliver the goods at agreed 
destination on payment of freight. 
7) Blanket permit 
– 
Large export organizations like export houses and all forms 
of trading houses are given the facility of blanket exchange permit, 
under which lump sum foreign exchange is provided to meet 
expenses abroad. 
8) Banding 
– 
It is process of assigning a brand name to a product. The 
main purpose of brand is to enable the target customers to identify 
the brand and to get familiar with it. 
9) Brand Piracy 
– 
Brand Piracy refers to counter feiting popular brand names 
in foreign markets. The brand piracy is common in case of 
consumer goods. 
10) Break even point 
– 
It is that point where the total revenue intersects with total 
cost is called break-even-point. 
11) Canalization of Export 
– 
It means exports to be undertaken only by the canalizing 
agency such as MMTC. NAFED etc. in respect of certain specified 
items under the EXIM policy. 
12) Carting order 
– 
Carting order is issued by superintendent of port Trust. It is 
the permission given by the port trust authorities to get the goods 
inside the docks. 
13) Certificate of origin