Question

Explain the types of indent?

Answer 1

1. Open Indent: It gives complete freedom to the exporter to choose the type of goods, price, quality, method of packing, etc.
2. Closed Indent: It does not give any freedom to the exporter. Importer specifies climates the type of goods, price, quality, packing method, and so on which should be strictly observed by the exporter.
3. Confirmatory Indent: An indent is to be confirmed by the importer/ his agent and the final indent is sent by the importer thereafter.