Economics · International Trade Practices
Arrange the following stages involved in an export transaction in the correct chronological sequence: A) Receipt and confirmation of export order B) Pre-shipment finance and production of goods C) Completion of export documentation and customs clearance D) Shipment of goods and obtaining bill of lading E) Realization of export proceeds from foreign buyer F) Obtaining necessary export licenses and regulatory approvals
- 1A → B → F → C → D → E
- 2F → A → B → C → D → E
- 3A → F → B → C → D → E✓
- 4F → B → A → C → D → E
Correct answer
A → F → B → C → D → E
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