Teaching objectives and requirements：
•After learning this chapter you will be able to learn skills and knowledge about the contents of procedures and methods in execution of import and export contract.
Teaching focus and difficulty：
Focus：General Procedures of Export and Import Transaction
Difficulty：General Procedures of Export and Import Transaction
9.1 Execution of export contract
9.1.1 Getting the goods ready (including having the goods inspected)
9.1.2 Opening the L/C (including urging the buyer to open the L/C, checking the L/C and amendment of it)
9.1.3 Arranging shipment
9.1.4 Settlement of payment (including making out documents and presenting to the bank for negotiation)
9.2 Executing an import contract
9.2.1 Application for Import License
9.2.2 Opening L/C
9.2.3 Transportation Preparation
9.2.4 Marine Insurance and Payment
9.2.5 Import Inspection and Custom Clearance
