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The Incoterms or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) relating to international commercial law. [1] Incoterms define the responsibilities of exporters and importers in the arrangement of shipments and the transfer of liability involved at various ...
The marking scheme is same as earlier i.e. for SCQs, +4 marks for correct answer and -1 marks for incorrect answer and 0 marks for not answered, and for numerical type questions, +4 marks for correct and -1 marks for incorrect. [5] JEE-Main, unlike JEE-Advanced, has a fixed exam structure and is not subject to change every year.
FOB (free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or inland waterway ...
The Uniform Customs and Practice for Documentary Credits (UCP) is a set of rules on the issuance and use of letters of credit. The UCP is utilized by bankers and commercial parties in more than 175 countries in trade finance. Some 11-15% of international trade utilizes letters of credit, totaling over a trillion dollars (US) each year.
The two-tier reform suggested in 2005 may become a reality as the Indian government has announced plans for a single entrance exam for all engineering colleges from 2018, with students aspiring for the IITs having to pass the nationwide standardized engineering entrance exam JEE-Main with high marks, and then take the JEE-Advanced to qualify ...
On 18 June 2012, a more specific format was proposed by a joint meeting of the councils of IITs, NITs, and IIITs. As per this proposal, the exam would be called the Joint Entrance Examination (JEE) and would be made up of two parts, JEE-Main [9] and JEE-Advanced. Two distinct "patterns of admission" would be used.
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The National Eligibility cum Entrance Test (Postgraduate), abbreviated as NEET (PG) is an entrance examination in India conducted by the National Board of Examinations in Medical Sciences (NBEMS) for determining eligibility of candidates for admission to postgraduate medical programmes in government or private medical colleges, such as Doctor of Medicine (MD), Master of Surgery (MS), PG ...