MyLawyersAdvice

“International trade laws is a combination of mercantile laws or corporate laws, customs laws, laws with respect to foreign currency and maritime laws. All the persons who are involved with respect to international shipping and/or export and import of goods and services have to abide by them. Further, in case of default and/or violation of international trade laws the same attract hefty fines and penalties.There are specialized Attorneys who specifically deal with international shipping and render their legal advice and/or legal consultation with respect to international trade laws. Further,

“Freight Forwarders are the ones who actually book the shipments for the importers and exporters and they are the first point of contact between the consignor and the shipping line. They sometimes also process legal documentation and paperwork regarding customs. Having said that, the industry remains unorganised and freight forwarders face a lot of legal challenges. There are laws which are applicable upon freight forwarders and the legal compliances upon freight forwarders which they have to comply with. All these pointers with respect to freight forwarders have been discussed here in detail

“Every Exporter should adhere to and comply with the local laws of India and the international trade laws before they export their first consignment or shipment out of India. The elementary legal awareness and knowledge about the laws is the primary requirement in order to avoid defaults and embarrassments. Further, strict compliance of the international maritime laws is also mandatory. The documents provided by the shipping line is/are also to be duly reviewed before their execution. The entire process involves a direct involvement of an import export attorney or import export law firm or a

The Government of India and the State Governments have launched a plethora of incentives and schemes for Foreign Direct Investment (FDI) in India which helps the Foreign Entities for India entry.