Improve export performance One of the main obstacles to exports is the absence of basic information on open ports. Business opportunities are numerous, but because they are spread across various nations based on culture, dialect, separation and time, it is difficult in some cases to evaluate them. Recognizing the circumstances of exports is made much more complicated by how 192 countries with widely contrasting societies manage to rid the world of potential openings. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay Ford currently sells its cars in 146 of these countries. Ford recently decided to start manufacturing vehicles in India and export them to the European market. This can help Ford reduce costs and deal with the uncertainties that have arisen with Brexit in the eurozone. One of the ways Ford can start exporting to the European market efficiently, thus reducing administrative costs of customs clearance, is by using export management companies. EMCs are the professionals who act as a promotion division or global office for client companies. EMCs generally recognize two types of assignments: the first is to start submitting tasks for a company with the understanding that the company will take over the control tasks after they are resolved and the second is when EMCs will have ongoing duty to offer the association's product. However, with Ford's continued presence in European markets and dealership structure, it will be more advantageous for Ford to create its own division in the long run. Export and import financing mechanisms have evolved over the centuries in response to the existing lack of trust. Various tools are available in the Canadian market to address this issue: Letter of Credit Letter of Credit (L/C) is a document issued by the bank indicating that the bank will make payments under specific circumstances. The importer approaches the bank, which carries out a credit check of the importer, to issue an L/C. The bank may require a cash deposit or collateral in addition to fees which will be between 0.5% and 2% of the transaction value. This option is safe but involves high costs. Draft A bill of exchange, also called a bill of exchange, is an order written by the exporter directing the importer or his agent to pay a certain sum of money at a certain time. The draft is divided into two categories: a demand draft payable on presentation to the drawee and a time draft which allows payment in 30, 60, 90 and 120 days. This is the most used option but is relatively risky. Bill of Lading The bill of lading is issued by the base carrier carrying the stock (i.e. the common carrier transporting the goods). It is compiled as a receipt, contract and property report. The bill of lading can act as a guarantee against which the goods could be transferred to the nearby bank before the merchant's last installment. The bank charges a specific sum along with the premium and at the same time issues reserves against the bill of lading. Countertrade Countertrade is an elective method for arranging a world deal when ordinary methods for installments are troublesome, expensive or non-existent. A legislator can limit the convertibility of money to save foreign trade so that it can be used for the benefit of universal liability of obligations and to purchase essential imports. Ford once sold $6 million worth of its cars to Uruguay in exchange for sheepskins that were then made into car seat covers and.