David William

 A dock receipt is a document designed to provide the exporter with proof of delivery of the cargo to the international carrier in good condition. It is often prepared by the exporter or freight forwarder and is signed by the warehouse worker or agent of the carrier upon receipt of the goods. Once the goods are delivered and signed for, the inland carrier provides the dock receipt to the freight forwarder as evidence it has successfully completed delivery of the goods. This is important in case the goods are lost or damaged after delivery to the dock and before arriving at their international destination.

A dock receipt should include:

• the name and contact information for the exporter, the ultimate consignee, forwarding agent, and the notify parties;
• the place, date and time of the inland delivery of the goods;
• vessel, booking and loading instructions for the international carriage of the goods;
• a description of the goods including their weights and dimensions, the number and kinds of packages, any marks and numbers on those packages, and whether any of the goods are hazardous;
• any special instructions for the shipment.

One of the big risks in dealing with an overseas manufacturer is you have to provide an irrevocable letter of credit to the manufacturer. The letter lets your bank transfer money to the manufacturer when the product ships.

But what happens if the product ships too early, ships too late or ships before you have a chance to approve the production run? The letter of credit may transfer your money anyway. One way to minimize this risk is to arrange for shipment through an international freight forwarder. The forwarder can contact you for authorization when the product is ready, and you can refuse delivery if the order isn't correct. Forwarders also help you with a letter of credit, customs and delivery information. To find a freight forwarder, check the Yellow Pages of large cities.

Check with your trade association before embarking on importing. There may be special laws that apply to your goods like food, drugs, cosmetics, alcoholic beverages, textiles, and textile products. U.S. Customs offices or any regional U.S. Department of Commerce office can also supply you with these details.

Oman is a member of Gulf Cooperation Council (GCC) with other members like UAE, Saudi Arabia, Qatar, Kuwait, Bahrain. GCC follows common external tariff and regulation which is applicable in all these member Countries.
Import of any product in Oman should have G mark on products which ensure consumer safety.
Following products are highly exports from India
1. Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
2. Ships, boats and floating structures
3. Articles of iron or steel
4. Machinery, mechanical appliances, nuclear reactors, boilers; parts thereof
5. Cereals
6. Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
7. Iron and steel
8. Organic chemicals
9. Ceramic products
10. Meat and edible meat offal"

International trade theory is a sub-field of economics which analyzes the patterns of international trade, its origins, and its welfare implications. International trade is the exchange between two folks or entities in two different countries. International trade theories are completely different type of theories that give explanation on international trade. There are several international trade theories like: mercantilism; absolute advantage; comparative advantage; Heckscher-Ohlin theory; product life cycle theory. Mercantilism projected that a rustic ought to try and export over it imports, so as to receive gold. The most criticism of mercantilism is that countries area unit restricted from import, a hindrance of international trade. Economist developed the idea of absolute advantage that stressed that a rustic ought to turn out merchandise or services if it uses a lesser quantity of resources than different countries. Ricardo explicit in his theory of comparative advantage that a rustic ought to concentrate on manufacturing and commercialism product within which it’s a comparative advantage and it ought to import merchandise within which it’s a comparative disadvantage. Hecksher-Ohlin’s theory of issue endowments stressed that a rustic ought to turn out and export merchandise that need resources that area unit overabundant within the home country. Economic expert tested the Hecksher-Ohlin theory within the U.S. and located that it absolutely was not applicable within the U.S. Raymond Vernon’s product life cycle theory stresses that a corporation can begin to export its product and later war foreign direct investment because the product moves through its life cycle. Eventually a country’s export becomes its import.