3 g) 2011 Powers and Functions of the Institute To carry out the above objectives, the Institute has the

following powers: (i) to design and deliver courses of study and research and to provide instructions in such branches of study as the Institute deems appropriate for the advancement of learning and dissemination of knowledge in such branches; (ii) to confer Degrees and to grant Diplomas and/or Certificates to persons who have satisfactorily completed the approved courses of study and/or research as may be prescribed and shall have passed the prescribed examinations or fulfilled any other conditions as laid down from time to time; (iii) to set up Centres and Campuses in India and abroad either on its own or in association with partner institutions with a view to achieving the Institutes objectives; (iv) to institute and award visitorships, fellowships, honorary degrees, prizes and medals; (v) to accept grants of money, donations, securities and property of any kind on such terms as may seem desirable; (vi) to acquire by gift, purchase, exchange, lease, hire or otherwise, howsoever, any property movable or immovable, which may be necessary or convenient for the purpose of the Institute and to build, construct, improve, alter, demolish and acquire such buildings, works and constructions as may be necessary for carrying out the objects of the Institute; (vii) to sell, lease, exchange, hire or otherwise transfer all or any portion of the property, movable or immovable, of the Institute, provided that prior approval in writing of the Department of Commerce (DOC) is obtained for the transfer of immovable property; 3 (viii)to invest and deal with any moneys and securities of the Institute not immediately required for any of its activities in such a manner as may be provided by the Rules

and Regulations of the Institute as may be laid down from time to time; (ix) to draw, make, accept, endorse and discount cheques, notes or other negotiable instruments for the purposes of the Institute; (x) t o i n v e s t a n y s u r p l u s f u n d s n o t ne e d e d f o r i m m e d i a t e r e s e a r c h work i n a c c o r d a n c e w i t h t h e p r o v i s i o n s c o n ta i n e d i n S e c t i o n s 1 1 ( 2 ) , 1 1 ( 3) a nd 1 1 ( 5 ) o f t h e I n c o m e T a x A c t 1 9 6 1 a s a m e n d e d f r om t i m e t o t i m e ; (xi) to create any Reserve Fund, Corpus Fund, Sinking Fund, Insurance Fund, Provident Fund or any other Special Fund, whether for depreciation or for repairs, improving, extending or maintaining any of the properties or rights of the Institute and/or for recoupment of wasting assets and/or benefits of the employees and for any other purposes for which the Institute deems it expedient or proper to create or maintain any such Fund or Funds; (xii) to borrow and raise moneys with or without security or on the security of a mortgage, charge or hypothecation or pledge of all immovable properties belonging to the Institute or in any other manner, whatsoever, provided that prior approval in writing of the DOC is obtained in that behalf; (xiii)to create academic, administrative, technical, ministerial or any other post(s) under the Institute and to make appointments thereto in accordance with the Rules and Regulations of the Institute; (xiv) to make Rules and Regulations and Bye-laws for the conduct of the affairs of the Institute and to add, amend, vary or rescind them from time to time; (xv) to do all such other acts and things either alone or in conjunction with other organisations or persons as the Institute may consider necessary, incidental or conducive to the attainment of the abovesaid objectives.

3 b) 2011 The following are some of the services provided by all kinds of C & F agents : 1. Providing warehousing facility to the exporters for warehousing the goods before their transportation to the docks/port. 2. Transportation of goods to the docks and arrangements of warehousing at the port. 3. Arrangement of containers required for shipment of the goods. 4. Booking of shipping space or air freighting. 5. Advising the exporter as regards the relative cost of sending the goods by different airlines/shipping lines as well as selection of the route of the flight/ sea route. 6. Marking arrangements for shipment of goods to be on board the ship/ plane. 7. Arranging for marine/ cargo insurance of shipment. 8. Preparation and processing of shipping documents required for custom clearance. 9. Arranging for various endorsements/issue of certificates from various agencies. 10. Providing assistance in the packing of the shipment. 11. Making arrangements for local transportation of goods to the port/docks. 12. Forwarding the documents to the exporter for their negotiation with the bank. 3 d) 2011 Export Package Objective Product Protection Ease of Handling and Storage Shipping effectiveness Manufacturing efficiency Ease of Identification Customer needs Environment Responsibility 3 e) 2011 In order to provide export credit and insurance support to Indian exporters, the GOI set up the Export Risks Insurance Corporation (ERIC) in July, 1957. It was transformed into export credit guarantee corporation limited (ECGC) in 1964. Since 1983, it is now know as ECGC of India Ltd.

ECGC is a company wholly owned by the Government of India. It functions under the administrative control of the Ministry of Commerce and is managed by a Board of Directors representing government, Banking, Insurance, Trade and Industry. The ECGC with its headquarters in Bombay and several regional offices is the only institution providing insurance cover to Indian exporters against the risk of non-realization of export payments due to occurrence of the commercial and political risks involved in exports on credit terms and by offering guarantees to commercial banks against losses that the bank may suffer in granting advances to exports, in connection with their export transactions.