<b><i>This is a particular Export processing activity of N N TEXTILE. The report is provided with the necessary documents and as&nbsp;</i></b><b><i>well as the company profile is also given.<br></i></b><br><br><div><b>Executive Summary:</b></div><div>This is a report of an export-based organization, which present export activities of N N TEXTILE. It is one of</div><div>the largest companies in the garments sector. They also focused on their vision. Their vision is to provide the buyer</div><div>with top quality products as well as prompt deliveries. This company makes transactions with some famous</div><div>countries in the export arena, for example, Russia, Indonesia, Thailand, Hong-Kong, USA, etc.</div><div><br></div><div>In this transaction, we particularly focused on their plan of action regarding export garments goods. We focus</div><div>on how they actually do in the case of Export. We captured all the activities which are started from the Letter</div><div>of Credit to the final payment. In this report, we give sources and references for information.<br><br><span><b><i>Export Process:</i></b><br>Now we are going to discuss about a particular export transaction of Wingsrich Everspirit. For this transaction we have few party involves theses are mostly needed in this case. Name of parties and description is given below:<br><br></span><span>Exporter: <br>N N TEXTILE4243 <br>PANWALA PARAPATHANTULI<br>CHITTAGONG<br><br>Importer:<br>INTERNATIONAL TRADING COMPANY18150, <br>S FIGUEROA STREET GARDENA<br><br><br></span><span>N/P:&nbsp;<br>FARBE INCCA-90248, <br>US18150, S, <br>FIGUEROA STREET, GARDENA<br>CA-90248, USA<div><br></div></span><span>Advising Bank:<div><span>ISLAMI BANK BANGLADESH LIMITED<div><span>(AGRABAD BRANCH)<div><span>CHITTAGONG<div><br><span>Issuing bank:<div><span>BBCN BANK, 3731 WILSHIRE BLVD SUITE 1000,<div><span>LOS ANGELES, CA-90010, USA<div><br><span>Some other relevant information is also given:<div><span>DESTINATION: LOS ANGELES, USA<div><span>VESSEL: BY SEA<div><span>SHIPMENT FROM: CHITTAGONG, BANGLADESH<div><span>ITEM: 16x27 CLSC TRY,<div><span>KN1210, KN1210-BLST, KN2490<div><span>Q’TY: 10/25/50 DZNS 100% COTTON TERRY TOWEL1-16-4044<div><span>MADE IN BANGLADESH<div><span>BALE NO: 1-549<div><br><span><b><i>Description of Export Process:</i></b><br>A USA company named International Trading Company chooses N N Textile because of their goodwill in the market; N N Textile also provides quality full products in low-cost margin. They also provide some other facilities and in time delivery service without any time lag.<div><span><br><br></span><span><span><b><i>1) Letter of credit:</i></b><br></span>A letter of credit is a&nbsp;method of payment, considered less secure than&nbsp;payment in advance&nbsp;but more secure than&nbsp;documentary collections&nbsp;and&nbsp;open account&nbsp;from the seller's point of view. From the buyer's point of view, it offers more security than payment in advance but less security than documentary collections or open account terms. A number of terms related to letters of credit:<ul><li>The&nbsp;Advising Bank&nbsp;is the bank that will inform the Beneficiary or their Nominated Bank of the credit, send the original credit to the Beneficiary or their Nominated Bank, and provide the Beneficiary or their Nominated Bank with any amendments to the letter of credit.</li><li>The&nbsp;Applicant&nbsp;is the person or company who has requested the letter of credit to be issued; this will normally be the buyer.</li><li>The&nbsp;Beneficiary&nbsp;is the person or company that will be paid under the letter of credit; this will normally be the seller.</li><li>A&nbsp;Complying Presentation&nbsp;is a set of documents that meet with the requirements of the letter of credit and all of the rules relating to letters of credit.</li><li>Confirmation&nbsp;is an undertaking from a bank other than the issuing bank to pay the Beneficiary for a Complying Presentation, allowing the Beneficiary to further reduce payment risk, although Confirmation is usually at an extra cost.</li><li>The&nbsp;Issuing Bank&nbsp;is the bank that issues the credit, usually following a request from an Applicant.</li><li>The&nbsp;Nominated Bank&nbsp;is a bank mentioned within the letter of credit at which the credit is available.</li></ul><br>The importer Fabre Inc. opened an L/C in Islami Bank Ltd. for an amount of US$ 51126.25 on 15th February 2015. So, the issuing bank is Islami Bank Ltd. On the other hand, the advisor bank is BBCN bank ltd<div><br><span><img width="624" alt="CUsersADMINAppDataLocalMicrosoftWindowsINetCacheContentWordLc1jpg" src="https://lh5.googleusercontent.com/tT2xyizw8v-HrlHC3sN5hro_grqb2SGTZfCFr8fJ_r5gkb7T1VfmoenGLZhjMG0YFMbtModlX3ZSWIb0Ui89z37UjsC3ypinzl8PH028g7Tcdo97Zn1bRx4XUyKdkEg2-QVdaeRrGuwLZeYtGA" height="944"><br><br></span><br><img width="624" alt="CUsersADMINAppDataLocalMicrosoftWindowsINetCacheContentWordLc2jpg" src="https://lh6.googleusercontent.com/C8djg6B9zmTjZfhf2XnGKQjpA1hlurEgRlqe0Om3no5DU1NE7_16n-YkEZWjdIzDFkVcL4dNBslThbRGBf80EFGSegkpJ3yhozJMFIGbXk2b86eRrSqc8-4Meebd4x4Cdg7k9AdsMEDoUHI2ow" height="924"><br></div></span></div></span></div></span></div></span></div></span></div></span></div></span></div></span></div></span></div></span></div></span></div></span></div></span></div></span></div></span></div></span></div></span></div></span><span><br><div><br></div></span><span><img width="609" alt="CUsersADMINAppDataLocalMicrosoftWindowsINetCacheContentWordLc 3jpg" src="https://lh5.googleusercontent.com/0Rh25Xgn2gGdeaT4cTBFgRP6B6tZEyye8LuXP6-lJbEtXpY8deFA7EWL5PXbpZbmF5mS8FlpZawmuEgXEDNY2A-E9yQEcxgZSy7h4M8SsVeoCqQN3vWcPHvJ4FWoRkASGuTFFDSxoYhfMYEybA" height="891" title="Image: https://lh5.googleusercontent.com/0Rh25Xgn2gGdeaT4cTBFgRP6B6tZEyye8LuXP6-lJbEtXpY8deFA7EWL5PXbpZbmF5mS8FlpZawmuEgXEDNY2A-E9yQEcxgZSy7h4M8SsVeoCqQN3vWcPHvJ4FWoRkASGuTFFDSxoYhfMYEybA"><br></span><br><br><span><span><b><i>2) Commercial invoice:</i></b><br></span>When used in foreign trade, a&nbsp;commercial invoice&nbsp;is a customs document. It is used as a customs declaration provided by the person or corporation that is exporting an item across international borders. A commercial invoice form is used for all shipments containing non-documents. The&nbsp;commercial invoice&nbsp;is the primary document used for importation control, valuation, and duty determination. This document identifies the products being shipped.<div><span><br><div><span>The form&nbsp;should include:<ul><li>Complete name and address information for both shipper and consignee</li><li>Phone numbers for both shipper and consignee</li><li>Terms of Sale (Incoterm)</li><li>Reason for export</li><li>A&nbsp;complete description of the item</li><li>What is the item?</li><li>What is the item used for?</li><li>Harmonized Tariff Codes, if known</li><li>Country of origin (where manufactured) for each commodity</li><li>Number of units, unit value, and total value (purchase price) of each item</li><li>Number of packages and total weight</li><li>Shipper's signature and date</li></ul><span><br>A nominal or fair market value must be stated for items of no commercial value.</span></span></div></span></div><br>Here in our commercial invoice, we find the importer’s name Farbe Inc.And the exporter’s name&nbsp; N.N.textile  The L/C no., H.S. code, quality, unit price and total amount are also noted here. There are four types of products are traded and the total amount of price is $51,126.25.So, the CFR value is $51,126.25. Here also certified that the product’s origin is China. Here also included the full information of full description, quality, unit price, and value etc.&nbsp;<br><br><img width="624" alt="CUsersADMINAppDataLocalMicrosoftWindowsINetCacheContentWord20170411_220824-1jpg" src="https://lh4.googleusercontent.com/HBr2dHAbIkvGHcrEfEgbBKjwL4dG9ErmirHoTEZgOMWtO081y6TqxvrFHbuZFctbG37qnm7-zDbUDqCvp-_KICzammY6cxkk5WhddQ1eBZ5viGhrf5ZSEEnx0S7N1b58a0nOHJpzW3AY3oyaog" height="882"><br><br><br><span><b><i>3) Bill of Lading:</i></b><br></span>A bill of lading is a legal document between the shipper of goods and the carrier detailing the type, quantity, and destination of the goods being carried. The bill of lading also serves as a receipt of shipment when the goods are delivered at the predetermined destination. This document must accompany the shipped goods, no matter the form of transportation, and must be signed by an authorized representative from the carrier, shipper, and receiver. A bill of lading must be negotiable and serves three main functions:1. It is a conclusive receipt, i.e. an acknowledgment that the goods have been loaded; and.2. It contains or evidences the terms of the contract of carriage; and.3. It serves as a document of title to the goods, subject to the memo date rule.&nbsp;<br>So, the CFR value is $51,126.25. Here also certified that the product’s origin is Bangladesh. Here also included the full information of full description, quality, unit price, and value, etc. They have no agent or indenter in Bangladesh. It also certifies the age group of children for which they can intend. Also mentioned value and quality can be-/+ by 10%.<br><br><br><img width="624" alt="CUsersADMINAppDataLocalMicrosoftWindowsINetCacheContentWord20170411_221232-1jpg" src="https://lh4.googleusercontent.com/RU5x_5MPvgo9VlYeyIxAwordsKV0JSJGf2W_XzSLZTPfuP3r4X7TdGvaF4MRICUWJID6eh2rp5nDNBC9ZgxDvhEde6JNDBn9vipJeNk94UQFcPYvkIPmYIwc0gpO9VdVOza3m35u6UgW5kqQrA" height="890"><br><br><span><b><i>4) Packing List:</i></b><br></span>A packing list is a document that includes details about the contents of a package. The packing list is intended to let transport agencies, government authorities, and customers know the contents of the package. These details help each of these parties handle the package accordingly. From the packing list, we can see the various marking identification. here the exporter&nbsp; N.N. TEXTILE export 100% cotton auto bath towel&nbsp;<br>TTL NET WT 40,901.00lbs 18,552.57kgs<br>TTL GRS WT 41,450.00lbs 18,801.60kgs<br>TTL DZN WT 9930.00<br>TTL BALE: 549TTL PKGS: 549<br><br><img width="624" alt="CUsersADMINAppDataLocalMicrosoftWindowsINetCacheContentWord20170411_221944-1jpg" src="https://lh6.googleusercontent.com/UymlQ_1GPytNoAsgKYAFqtYuCWsiQgBtlDd2nJPE6DsY21FWVX4wBCab8B5ltV-lKfOTWbCbojDnPFsMlmd8FIZKEvQlfH9izrQDuyMRp9PMJ3gik1ZH5wBwXOoH5knIR7FG5nSsurVkB7Vf_Q" height="878"><br><br><b>Some Other Important Documents:</b><br><br><img width="624" alt="CUsersADMINAppDataLocalMicrosoftWindowsINetCacheContentWord20170411_221431-1jpg" src="https://lh6.googleusercontent.com/9pniC4r1wFbL9D0A6IOPYI2pfqlYycR2LXjPWiFTlw2HmhL3syacPda3WzMDCJ3wbDKVKdV27fb2bKPAIkCMgHNpxMPk9JPnehWOKXJzXA6cKO8FmFTJvj5y9X-ADsRSlJ_jhnpGzH3LPL5L5A" height="731"><br><br><br><img width="624" alt="CUsersADMINAppDataLocalMicrosoftWindowsINetCacheContentWord20170411_221627-1jpg" src="https://lh6.googleusercontent.com/jzpgiZ3BfiZsJL1ejjnYxScIy6SghsHM_sG5Xgh986Tm4GMcEmWab6Gdv3RbXW-Vi8WmqWibYOh-WXkJn938LLVXyPa-UZK1psKhrjh3aSSZrsZ8dro5tSOSP8TJrcaNJcvPF2EASnXckMGjrg" height="933"><br><br><br><img width="624" alt="CUsersADMINAppDataLocalMicrosoftWindowsINetCacheContentWord20170411_221813-1jpg" src="https://lh3.googleusercontent.com/aL6BXzcFxOya0XTlDcz6ATxcEnmcC88ugJNgIfaXmptZWSqLaWVorXN5MuyBOyxYUU9rW2MbacZAUYFIDkKR7CTii93NcmtyBARBqCCkGJZ1rShLqRjw1XrOQbBjAHvc2AnoJPmPXeHkfjmbfA" height="924"><br><br><br><img width="624" alt="CUsersADMINAppDataLocalMicrosoftWindowsINetCacheContentWord20170411_222146-1jpg" src="https://lh6.googleusercontent.com/TepKisFTeI0P2Y09rLpPQ6wHFlogi6Gm7kTGpRRF0cnGBpy280Ypuqg5oEiDwaE9b9dDoagiGER7DOGq9TZw02fyXyDqTBau0n2Q0tKa9Uos66SpcHaafwpgyPxi8YK7rc5kVYI6XzMOTQeuXQ" height="890"><br><br><br><img width="624" alt="CUsersADMINAppDataLocalMicrosoftWindowsINetCacheContentWord20170411_222203-1jpg" src="https://lh3.googleusercontent.com/Q-qVEyW5Ahq0nDcKQ00zJ2f15IUhcX_XZSSM4LANvYwPMzq2xumVECkSlYPJPtadfTUFa8_OGnHX13hbQ7Ckm5R3pXAJgEa0SD6Q4e7Y3av7WpVuh56J9rsRKpwa01NYh713keXsI1lMETmZEg" height="873" title="Image: https://lh3.googleusercontent.com/Q-qVEyW5Ahq0nDcKQ00zJ2f15IUhcX_XZSSM4LANvYwPMzq2xumVECkSlYPJPtadfTUFa8_OGnHX13hbQ7Ckm5R3pXAJgEa0SD6Q4e7Y3av7WpVuh56J9rsRKpwa01NYh713keXsI1lMETmZEg"><br><br>References:&nbsp;&nbsp;<br>1. Schmitz, T. (2011). The bill of lading as a document of title. Journal of International Trade Law and Policy, 10(3), 255–280. Retrieved from <a href="http://www.emeraldinsight.com/10.1108/14770021111165526" target="" rel="">http://www.emeraldinsight.com/10.1108/14770021111165526</a>&nbsp;<br><br>2. Robert E. Morgan, &amp; Kats keas, C. S. (1997). Export stimuli: Export intention compared with export activity. International Business Review, 6(5), 477–499.&nbsp;<br><br>3. Kholo, N. (2009). The ready-made garments industry in Bangladesh: A means to reducing gender-based social exclusion of women? Journal of International Women’s Studies, 11(1), 289–304.&nbsp;<br><br>4. Ahmed, F. Z., Greenleaf, A., &amp; Sacks, A. (2014). The Paradox of Export Growth in Areas of Weak Governance: The Case of the Ready Made Garment Sector in Bangladesh. World Development, 56, 258–271.<br><br>5. Hess, H. (2008). Export diversification and economic growth. Breaking into New Markets Emerging Lessons for Export Diversification, (20588), 25. Dion: 10.1007/978-37908-2742-2&nbsp;&nbsp;&nbsp;<br>&nbsp;&nbsp;&nbsp;<br><br><br><br><br><br><br><br><br><br><br><br><br><br></span><br></div>

Report On Export Activities of N N TEXTILE

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