Comment on the following:
a) „In export-import trade people are dealing in documents and not in goods.‟
b) „FOB contract is not different from CIF contract.‟
c) „Export Incentives are not a universal practice.‟
d) „RBI does not have a significant role in regulating payments of exports.‟ 

(a) I agree. The importing and exporting parties should only be dealing in the goods. Taking into account accessing a line of credit by the exporter means that there are new terms on the deal which may limit the options available to both parties in terms of the goods being transferred. Stick with the goods and leave the documents alone.

(b) Under the FOB contract, the buyer’s duty is identify to the port of shipment. If it is not clean in the contract of sale, three different alternatives can be choose: First, the seller can choose the port of shipment, second the buyer can choose it, and third the contract is left for ambiguously.2 The buyer has also provided a suitable ship for loading. He has to determine a shipping period, place and also must give notice to the buyer of readiness to the vessel. 3Nomination of vessel is a condition of the contract. When the seller _____ __________ _________ ___ _________ ________ _______ _____ _____.
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