Reference no: EM132164132

The term paper will encompass the actual exportation/importation of a product. You will choose any two countries in the world, one to export your product from and another to import the product to. You do not have to export from the United States or to the United States. For instance, you may choose to export from Braziland import it to China.

Product: Haitian Mangos to the US Are you able to do it?

Your paper must include the following:
1. The Harmonized Commodity Description and Coding System classification of the product.
2. Export regulation (if any)
3. Import regulation (if any)
4. Method of transportation
5. Costs of transportation
6. Payment and financing Method
7. A certificate of origin
8. An Insurance Certificate
9. A shippers export declaration
10. Any and all other required Export Documentation

In addition your paper may include the following:
1. do a product export potentialanalysis
2. manufacturing and product development
3. market research and development
4. transportation and distribution
5. finance and risk management
6. strategy and personnel.

Manufacturing & Product Development
1. Adaptations needed
2. Technology available
3. Production capability
4. Out Sourcing
5. Free Trade Zone
6. Redesign for export
7. Adaptations Culturaladjustments
8. Conduct product development
9. Out sourcing find someone else to do it which might be cheaper but better quality.
10. Free Trade Zone

Warehousing and Inventory Control
1. Add warehouse capacity
2. Import parts/components
3. Inventory Control System
4. Special Handling

Warehousing and Inventory Control
1. Assess the needs of warehouse expansion
2. Import parts and components of the product
3. Check for a Free Trade Zone
4. Establish an Inventory Control System
5. Determine special handling needs

Transportation & Distribution
1. Determining the individual who will handle export documents
2. Check for necessary documentation requirements
3. Check with freight forwarder
4. The method of transportation to be used: Rail, trucks,air or ocean
5. Efficient size of shipment
6. Packing and packaging the product

Marketing and Sales
1. Packaging and labeling
2. Colors
3. Media andAdvertising
4. Pricing of the product acceptably
5. Distribution

Finance and Risk Management
1. Production Cost
2. Capacity utilization
3. Inventory levels
4. Transportation Costs
5. Financing for the buyers
6. Expense accounts receivables

Once the research on your product and on the country where the product will be exported is completed the next step will be to find a distributor for the product. You will the need to set a price structure that will allow upgrade packaging, share promotionalexpenses and absorb expenses of an anticipated dollar rise against another currency. Give a fullexplanation of how prospective distributors intend to market the product and what the markup will be at every stage of the distribution process. You much also show a balance sheet that will show that your venture is profitable. You must also determine the form of payment that you will be using: Cash in advance, which allows the exporter advance money and it eliminates allconcerns about collection. Irrevocable Letter of Credit, this method is considered safe because payment is considered secured. Documentary Collection against Payment,closest to international COD. An open account is an unsecured extension of credit.

If you use a letter of credit it should include: State total value quantities State that the letter of credit is irrevocable Ask for or suggest a strong and reputable issuing bank Determine whether letter of credit should be confirmed Propose a localand convenient paying bank Determine whether the terms are usance or at sight,and if usance, state number of days From date certain (i.e., bill of lading) State payables inAmerican Funds State latest shipping and expiry date State latest date of for receipt of letter of credit, or alternatively, number of days for delivery from receipt of credit Determine whether partialshipments must be allowed Determine whether house bills of lading or NVOCC bills of lading must be allowed State terms of sales State shipping ports or suggest any port Name documents that will be required Determine whether letter of credit should be transferable