July 2015

Other documents in international trade

By |2022-09-15T12:42:32+02:00July 25th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

An import licence. govt.nz

An import licence. govt.nz ZIMSEC O Level Commerce Notes: Other documents in international trade

Import licence

  • An approval of goods to enter a country.
  • Issued by the importing country.
  • Enables the importer to obtain foreign currency to pay for the imports.

Customs specification and entry

  • Exporting country requires customs specifications.
  • Importing country requires […]

    Quick NetOne, Econet, And Telecel Airtime Recharge

Comments Off on Other documents in international trade

Export and Import merchants

By |2022-09-15T12:42:33+02:00July 25th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit importingmadeasy.com

Image credit importingmadeasy.com ZIMSEC O Level Commerce Notes: International trade:Export and Import merchants

Export merchants

  • Perform the functions of traders (i.e. wholesalers or retailers).
  • Buy goods from local manufacturers.
  • Sell these goods abroad.
  • Buy and sell goods in their own names.
  • Sell goods at a profit.
  • Pay cash immediately for goods bought.
  • Reduce manufactures’ problems by exporting […]

    Quick NetOne, Econet, And Telecel Airtime Recharge

Comments Off on Export and Import merchants

Forwarding agents/Freight Forwarders

By |2022-09-15T12:42:33+02:00July 25th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

image credit destinyman.com

image credit destinyman.com ZIMSEC O Level Commerce Notes: International trade:Forwarding Agents/Freight Forwarders

Forwarding agents also known as Freight forwarders.

  • Collect goods from consignors’ premises.
  • Carry goods to their warehouses.
  • Warehouse/Store the goods.
  • Send goods to consignee.
  • Provide facilities for export packing.
  • Arrange insurance for the goods.
  • Fill in the necessary documents used when goods are transported by […]

    Quick NetOne, Econet, And Telecel Airtime Recharge

Comments Off on Forwarding agents/Freight Forwarders

Del Credere agents

By |2022-09-15T12:42:33+02:00July 25th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

image credit uthmag.com

image credit uthmag.com ZIMSEC O Level Commerce Notes: International trade: Del Credere Agents

Del credere agents.

  • Del credere is Italian for “to trust”
  • Possess the goods they sell.
  • Have insurable interest on the goods in their possession
  • Sell goods on behalf of their principals.
  • Sell goods in their own names.
  • Deliver goods to […]

    Quick NetOne, Econet, And Telecel Airtime Recharge

Comments Off on Del Credere agents

Factor agents in international trade

By |2022-09-15T12:42:34+02:00July 25th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit wordpress.com

Image credit wordpress.com ZIMSEC O Level Commerce Notes: International trade: Factors
  • is a mercantile fiduciary who receives and sells goods on commission.
  • The commission is called a factorage.
  • Possess the goods they sell.
  • Sell goods in their own names.
  • Do not disclose their principal.
  • Collect goods for sale.
  • Deliver goods to their customers.
  • Have insurable […]

    Quick NetOne, Econet, And Telecel Airtime Recharge

Comments Off on Factor agents in international trade

Brokers in International trade

By |2022-09-15T12:42:34+02:00July 25th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

Zafana Trade brokers. Image credit zafanankositrading.com

Zafana Trade brokers. Image credit zafanankositrading.com ZIMSEC O Level Commerce Notes: Brokers

Brokers

  • Work in foreign trade as agents.
  • Bring buyers and sellers into contact
  • Buy or sell goods on behalf of their principals ( who can be manufacturers or importers)
  • Do not possess the goods they sell but […]

    Quick NetOne, Econet, And Telecel Airtime Recharge

Comments Off on Brokers in International trade

Excise Duty and the calculation of duty

By |2022-09-15T12:42:35+02:00July 25th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit sofiaecho.com

Image credit sofiaecho.com ZIMSEC O Level Commerce Notes: Excise Duty

Why excise duty is paid?

  • Excise duty is taxed on certain specified home produced goods for example tobacco meant for consumption in the home market in order to:
  • Raise revenue for the government.
  • Discourage consumption of dangerous products.
  • Reduce domestic demand.
  • Release more […]

    Quick NetOne, Econet, And Telecel Airtime Recharge

Comments Off on Excise Duty and the calculation of duty

Bonded warehouses and International Trade

By |2022-09-15T12:42:35+02:00July 25th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMRA's bonded warehouse at Chirundu Border Post. Image credit zimboguide.co.zw

ZIMRA’s bonded warehouse at Chirundu Border Post. Image credit zimboguide.co.zw ZIMSEC O Level Commerce Notes: Bonded warehouses and International Trade

Why customs authorities control bonded warehouses

  • Bonded warehouses are used to store […]

    Quick NetOne, Econet, And Telecel Airtime Recharge

Comments Off on Bonded warehouses and International Trade

Functions of customs and excise authorities

By |2022-09-15T12:42:36+02:00July 25th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

Chirundu Border Post. Image credit trademarksa.org

Chirundu Border Post. Image credit trademarksa.org ZIMSEC O Level Commerce Notes: Functions of customs and excise authorities
  • Collect and revenue for the government by charging customs and excise duties.
  • Collect, keep and analyse records of imported and exported goods and services.
  • Control bonded warehouses to ensure that duty […]

    Quick NetOne, Econet, And Telecel Airtime Recharge

Comments Off on Functions of customs and excise authorities

Trading Blocs

By |2022-09-15T12:42:36+02:00July 24th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

SADC meeting. Image credit lestimes.com

SADC meeting. Image credit lestimes.com ZIMSEC O Level Commerce Notes:Trading Blocs
Comments Off on Trading Blocs
Go to Top