Examveda

Arrange the following in correct sequence of pre-shipment export procedure.
1. Approaching foreign buyers
2. Inquiring and making an offer
3. The letter of credit is opened by the importer
4. Exporter obtains ta pre-shipment finance
5. Exporter arranges for the production
6. Exporter then properly packs and marks the goods with details
7. Exporter then contacts the Export Inspection Agency (EIA) to obtain a inspection certificate
8. Exporter then seeks for exemptions under central excise duty
9. Exporter then obtains the insurance cover under the ECGE
10. Exporter appoints a Clearing and Forwarding (C & F)

A. 1, 2, 3, 5, 4, 6, 7, 8, 9, 10

B. 10, 9, 1, 2, 3, 4, 5, 6, 7, 8

C. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10

D. 9, 10, 2, 3, 4, 5, 6, 7, 8, 1

Answer: Option C


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