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6.1 Introduction There are various institutions involved in international finance transactions, such as financial institutions, government entities and central banks. Other organizations include microfinance and development institutions, such as the World Bank and the International Monetary Fund. 6.2 Institutions involved Read more
5.1 Introduction To succeed in today’s global marketplace and win sales against foreign competitors, exporters must offer their customers attractive sales terms supported by appropriate payment methods. Because getting paid in full and on time is the ultimate goal for Read more
COMMERCIAL ASPECTS IN INTERNATIONAL CONTRACTING Learning outcomes Upon completing this topic, you should be able to: identify the use of INCOTERMS in international trade as well as the different rules under INCOTERMS 2010. 4.1 Introduction The Incoterms 2010 rules (International Read more
TOPIC 2 : Procedure And Documentation In International Purchasing Methods Of Specifying Requirements In International Purchasing Specification: A specification for an item has been defined as ‘a statement of the attributes of a product or service. It is basically a Read more
TOPIC 1 INTRODUCTION TO INTERNATIONAL PURCHASING Definition 1: In a global economy, international procurement is a term used to describe the process of allowing firms around the world to bid on contracts for goods and services. The concept has gained Read more
SPONSORED: Would you like to buy and Download these notes in pdf form for offline viewing and Printing? Click here TOPIC 8 PHYSICAL DISTRIBUTION Definition Physical distribution is the group of activities associated with the supply of finished product Read more
SPONSORED: Would you like to buy and Download these notes in pdf form for offline viewing and Printing? Click here TOPIC 7 PAYMENT PROCEDURE 1. Meaning of payment A payment is the transfer of an item of value from one Read more
SPONSORED: Would you like to buy and Download these notes in pdf form for offline viewing and Printing? Click here TOPIC 6 RECEIVING AND INSPECTION OF GOODS Receiving of incoming goods Introduction: Receipt of goods in a working environment Read more
SPONSORED: Would you like to buy and Download these notes in pdf form for offline viewing and Printing? Click here TOPIC 5 ORDERING PROCEDURE This is a set by step process of acquisition of goods , services and works Read more