Quiz DrugIX

1. The first step is initiating market research, for if there is no market for the product money will be wasted without any profit at all. Research is critical for success in any business, but even more important when it comes to exporting a good. Things that are to be research are:
· The infrastructure (if there are roads, ports and transportation availability)
· Political stand (if the government are at peace or if the nation is corrupted)
· Trade Agreements
· Free Trade Zones
· Cost
· A Translator (for translating documents into at least one more language)
· Tariffs and quotas
·

2. It means that the seller pays for transportation of the goods to the port of shipment, plus loading costs. The buyer pays freight, insurance, unloading costs and transportation from the port of destination to the factory. The passing of risks occurs when the goods pass the ship's rail at the port of shipment. Internationally the term specifies the port of loading, e.g. "FOB Miami" or "FOB Vancouver".

3. The documents that are needed are:
Purchase of order
Bill of lading
Waybill
Insurance
Invoice
Title
Certificate of origin
Sanitary
Carnet certificate
Export declaration (SED)
Receipt from shipment
Contract of carriage

4. If the papers are not properly prepared the shipment could be:
Delayed
Stuck into a warehouse for some time (in which you have to pay the fee for warehousing the goods.)
Discarded
Seized by government