UrDIJ@W tffJ~rouu~ GUlTcDiJ~[iJ!J)JW~ 6TroU~ QurflUJ 8'U. rfI~6iv1brT ~~GllrDIJ8ii>~cDiJ @~1b.

9: Q8',uUJ
W8i.9: 8'ITWlTroUJrT8i!@W @~cDiJ
W~1brT8iGYflro 8'WIT8'IT[TwcDiJrDIJ; GGllGW(£iw. @~1b 8iwQu~ rfI~6ivLG[T~ro 6TroU~1blTro
@fDffiJfi) rDlJL8'ffiJ8iGYr,G8iITUJ-8iGYr
8'WUIT~8;8irDIJITW. !LGYr~rT C!:fJ1bcDiJ
uUJ-.
6l1lUJITUlTrfl8iI@W, @ro~fDUJ @~GIT~rT8iI@W ~1brflUJWIT8i, ~(£ii>1b~ GllffiJfi)8;8i=8;(f!j ~Gll8;(f!jGll~. @tpJ Q[TITWU
!L[iJ8'IT8iWIT8i @fDffiJfi) 6l1l~GlTUJITL GGllGWUJ-UJ 6l1lUJITUIT[T C!:fJ8;fi)UJW. {tffiJ8iGYru~~ Q8',u1b ~Gll=i>~Lro Q8'ro!I)1
~ (£i8i GlTW @~. G1b~ Gll C!:fJUJ[iJUllLj W !L ~ tp U LJW, UIpSI~ GllffiJfi)u5IcDiJQ8'ro[f)l 8i=8;(f!j Q1bITLffiJ8i GGllGW(£iw.
(£i W W L (£iG W.
C!:fJ1b!DD 8iwQu~ u~~, C!:fJUJ-~1b~Lro
GllffiJfi)8; 8i=8;(f!j
LJ~1bIT8i @~1bi> ~~fD8;(f!j Gll[Ti> ~UJ-UUGllrT8i!@W, @roQrolTro~fDlLjW GlllTffiJ8i GGllGW(£iw.
~~ ~[iJ!J)JW~8;(f!j
~[iJQ8iroGGll !LGYrfljITLUJ-cDiJ6l1lUJITUIT[TW Q8',u~Q8iITGW(£i ~GllUlUJi> G1b~GllUJlTro IEC Code Number 6TroUU(£iW
QGllGYflfljITL(£i8;(f!j 6TUUUJ- ~[iJ!J)JW~ Q8',uUJ GGllGW(£iw, @fD8;(f!jW~, ~[iJ!J)Jw~ 6TGW.
UJlTrflLW @~(f!jpSli>~ Q1brfl~~ Q8iITGYrGll~ 6Tro!J)J @~1b 6TGW @@~1blTcDiJ WL(£iGW {tffiJ8iGYr ~~tffJUJ.9:
W~rDlJUUGllrT8i!@8;(f!jW @G1b1T UlrDIJ GllySl8iITL(£iW ITGll6fflIu5IcDiJGllrTi> 1b8i W Q 8',u UJ C!:fJUJ-lLjW . @1b[iJ8iIT8i
Q 8' rDIJ
1b8iGllcDiJ8i
GYr. {tffiJ8iGYr~~8i GGllGWUJ-UJ~ DGFT ~~GllrDIJ8iw. ~1bITGlltpJ
~[iJ[f)lW~ 6TrofD W~rDlJ8;8i ~Gll8;(f!jW GlllTrTi>~1b~UJ Director General of Foreign Trade.
6l1lrDIJ8;fi)6l1lL(£iU UlTrTi>1blTcDiJ,
@1bro (§LaTWW ~@ 8'1T1b1T[T= Q8'ro~ro, G8irTUJwLJi>~rT, UITGWUJ-.9:G8'rfI C!:fJ1broO/UJ
:LGYr~rT 6l1lUJITUIT[TWGUlTrofD~1blTro. !L1bIT[T=i>~[iJ(f!j ~@ =rT8iGYflcDiJ !LGYrGIT @~1b ~~GllrDIJ8ii>~cDiJ @~1b IEC
8i~Lu5IcDiJ {tffiJ8iGYr8'L~L 6l1l[iJfi)pJrT8iGYr.
fEWU~ e!9UIT,u8;(f!j 6TGW~=U QUfD !LffiJ8iGYflLW @@8;8i GGllGWUJ-UJ~
6l1l[iJ8iUu(£iw @G1b QUIT@~GIT 8iLcDiJ 1bITGWUJ- C!:fJ8iW 8iwQu~ rfI~6ivLG[T~ro, UlTro 6TGW, (Pan Number)
~pSI~G1bIT, ~pSlUJlTwGrDlJlT !LGYrGIT~@Gll@8;(f!j 6l1l[iJU1bIT8i W[iJ!J)JW GllffiJfi)8; 8i=8; (f!j 6l1lGll[J W.
@@~1blTcDiJ ~~1bU QUIT@~GIT 6l1l[iJfDtSiro ~Gll@8;(f!j
@~1b IEC 6TGW~= ~Glli>~1blTro aTffiJ8ii>~~fD, rfl8'rTGiJ
~WJuuGGllGW(£iw ~cDiJrDlJGllIT? ~~1blTro ~[iJ!J)JW~.
GllffiJfi) w[iJ!J)Jw DGFT 6Tro!J)J 6TcDiJrDlJlT
~~GllrDIJ8iffiJ8iGYfl~w
8'1T1b1T[T=6l1lUJITUIT[TW1blTro.~rolTcDiJ, 8iL~W, 8iGWLC!:fJW
!LffiJ8iGYrtffJ!J)JGllroi>~1b ~~LUJITGlTW 8iGW(£i Q8iITGYrGllITrT8iGYr.
8iL~~ ~@ 6l1l[iJu~ro. !LGYr~!T 6l1lUJITUIT[Ti>~cDiJ
tSi[iJUIT(£i ~[iJ!J)Jw~GUJIT @fD8;(f!jW~GUJIT Q8',ulLjwGUITtpJ,
G fIj[TUJ-UJIT8i8; ~8i8i GYfI
cDiJ Q8i 1T(£ii>~8; Q8i ITGYrfi)G fD ITw.
@~1b 6TGW~=8; (f!jpSlUtSiLLlTcDiJ !LffiJ8iGYr tffJ!J)JGllrow
~[iJ!J)Jw~u5IcDiJ 8iuw;ulcDiJ ~WJULJfi)GfDITW.
W [iJ[f)l W !L ffiJ8i ~ GITU U [iJpSiUJ C!:fJ@ ~ IT1b8i C!:fJW ~ [TaT
(!fi!!J GiJ 8; L. LW tffJ!J)JGllroffiJ8i!@8;(f!j Q1brflUJGll@w.
{tffiJ8iGYr ~[iJ!J)JW~8;(f!ji> 1bUJIT[TlTro~Lro ~1bITGll~ OO!J)l f;/.i;8; L.LW
6T~1bU QUIT@~GIT C!:fJUJ-QGll(£ii>1b~Lro
6l1l[iJU~ 6Tro[f)l
{tffiJ8iGYr 6Troro QUIT@~GIT ~[iJ!J)Jw~ Q8',uUJu
Q8',uUJ GGllGWUJ-UJ~ ~@ tffJ!J)JGllroi>~1b Q1bITLffiJ8i
C!:fJ1broO/cDiJ
GUITfi)pJrT8iGGlTIT ~~1bu QUIT!J)Ji>~, ~(£ii>1b 8iLL
GGllGWUJ-UJ~1blTro.
rfI~6ivLG[T~ro UIT8;fi)lLjGYrGIT~. !L1bIT[l=WIT8i, ~6fflI
~~ ~@ UlTrTLrorTr41UUIT8iGGllIT ~cDiJrDIJ~ 1b~fljUrT 6l1lUJlTulT[lw Q8',uUJ GGllGW(£iQwrofDlTcDiJ AEPC 6TrofD
tffJ!J)JGllroWIT8iGGllIT ~cDiJrDIJ~ ~@ tSi~[TGGllL roO/WLQLL tffJ!J)JGllroi>~cDiJu~~ Q8',u~ Q8iITGYrGITGGllGW(£iw. :LffiJ8iGYr
8iwQu~UJIT8iGGllIT @@8;8irDIJITW. 6T~1b8; 8iwQu~UJIT8i ~[iJ!J)Jw~u5Iro QUIT@~GlTU QUIT!J)Ji>~ @~1b ~[TaT 8'lTrT~1b
@@~1bIT~W ~~1bUU~~ Q8',uUJ GGllGW(£iW. tffJ[f)l GllroffiJ 8iGYrGGll!J)JU (£i w.
-1 42 • l...I~UJ ifi~Q)QP~!D • 05 )!iruLOUrT 2009 ~
 ~~~ Vifi>f!)JIDi) G'la=tUW""rrw? QUUJrT{hlTro) u{i;{hlTuSllJw IJI-~rTL(El8i~GYT dMQWrfl8;8i1T6l5IrD@j
6l5IrD8i6l5l(!!j8;filJDlTrT YiTrof!)J ~QJ{i;§)l8; Q8ilTmC8QJlTw.
8'rE{h rTU U <f (§!p {hi~ 6l.J8; @j{i; {h @jrE{hQJ ITf!)J 6JrDf!)JW i)
dMQWrfl8;8i1T6l5I@.!ImGYT
rfI<f8'rTL YiTroUQJrT @QJrD~JD QJlTffiJ8i{i;
WrDf!)Jw @JD8;@jWi)U QUIT(!!jL8i~GYT dMlJ8r
{hUJITIJIT8i@(!!j8;filJDlTrT.
dMWJ Wi)8;@jW; dMGiJ6l.J§)l Wf!)J8;@jW. fi)6l.J Q U 1T(!!jL8im
{h~L Q8'UJUJUULL~QJ. !L-W: ~'4{hffiJ8im, C8ulT~{hu @jWlJro 8'L~L~ UJ 6JrDf!)J
wi) Q8'UJ§)l6l5l(ElQJITrT.~ ~ITGiJ,

QUIT(!!jL8im C8U!TIiiTJD~QJ. fi)6l.J QUIT(!!jL8im ~6l.J8'roGYiJ IJI- ~rTL8i~GYT QJlTffiJ@jWrfI<f8'rTL dM{hrD@jU U~W dMWJut5l

f!:P6l.JWIT8iQJ~IJUJ~JD8;@jLL~QJ. QQJffiJ8iITUJW 6JrDf!)JWi) 6l5I(ElQJlTrT YiTroU§)l YiTro~ {hI<f8'UJW? dMC8{h 8'wUJw fi1(!!j

C8ulTroJD~QJ. {hrDC8ulT§)l UIT8rwi) YiTroJDt5lrflUJIT~ Q8'UJUJ C8QJ~GYT rfI<f8'rTL U~W dMWJut5l 6l5ILLlTrT. @jWlJro IJI-

!LuC8UJlTfil8;8iUU(ElW dMrflfi) {h6l5l1J wrDJD dM~~{i;§)lw ~rTL(El8i~GYT 6JrDf!)Jwi) Q8'UJQJlTrTYiTroU§)l YiTro~ !Lf!)Ji)?

{h~LQ8'UJUJUULL~QJ. i5ffiJ8im 5!(!!j !6~L @§)l UrDpSJ{i; @ffiJ@j{hlTro QJffiJfil8im 6JrDf!)JWi)8;@jU QU(!!jwuffiJ@j

Q{hrflrE§)l Q8ilTmQJ§)l tlJJ8i dMQJfi)UJW. ~f!)JfilroJD~.

uwmw GSllT>lDrrf!)JQ1~ ~iJUlSJ-?

rfI<f8'rTL YiTro~ Q8'UJQJlTrT? dMQWrfl8;8i1T6l5IGiJ !LmGYT
dMQJ(!!j~LUJ QJffiJfiluSlGiJ Q6l.JLLrT ~oooU filQIJIJI-L fi1rof!)J
LlC YiT~uu(Elw Q6l.JLLrT ~OOOU filQIJIJI-L YiT~uu(Elw
~uro Q8'UJQJlTrT.
Q8iIT(El8;8iGiJ QJlTffiJ8iGiJ C!:P~JD{hlTro ~{hITIJWIT~ U~U
urflWlTrDJD C!:P~JD. @§)l @jpSJ{i;§)l8;Q8ilTrB8'W UlTrT8;8i6l.JITW. dM{hITQJ§)l, @jWlJro YiTroUQJrfltlJJ(!!jrE§)l fi1(!!j IJI- ~rTL
@1J..m(El LIT6l.JrT YiTroJD 6l5I~6l.JuSlGiJ !6lTro u{i;{hlTuSllJw IJI-
i)(!!jU/d,rfI~(!!jrE§)l @jWlJro YiTroUQJrT (8irDU~~
~rTL QJlTffiJ8i6l5l(!!j8;filC8JDro.dM{hrD8ilT~ u~{i;~{h QJffiJfiluSlGiJ
QLUIT6Y6IL Q8'UJfilC8JDro. dMQJrT IJI- ~rTL~L 6JrDf!)Jwi)
Q8'UJ§)l 6l5ILLITrT YiTroU§)l ~QJ~W f!:P6l.JW{hIe!!Jt5l8;8iUULL
5'® )!)606\) 6]i>!PJLD~UJIT6TTir )!)606\) {h8i6lJ60
Q~ITLirYL6irr @®UU~ ~6lJ61UJtD. Q~IT61ll6\)G:u61, t5lro i5ffiJ8im dMQJrflLW @{hrD8ilT~ U~{i;~{h UL(ElQJITLIT
oOoG:UB;6Tu 6lJ8'~8i~L6irr r-r-QLDuSl60 @®~~60 ~6lJ61UJtD. Q8'UJUJ6l.JITWYiTroJDfi1UUrE{hW{hlTro LlC.
~r5J8i6Tr 6l5lUJITUlTlJtD Q8'tUll..jtD )!)1TL...0L6irr @~~UJIT6l5l6irr rflMrTlJI-ro QJffiJfil @jWIJ~ro QJffiJfil8;@j @rE{h<f Q8'UJi)~UJ
G:)!)IJ 6l5l~~IJ.JIT8'~61ll~ )!)6irr)DIT8i LD~~60 @®~~r5J8i6Tr. dMWJULjw. @jWIJ~ro QJffiJfil dM~{h @jWIJWJ8;@j{i;
@606\)IT6l5ltq.60 2...r5J8i6Tr 6lJ1Ttq.B;61ll8iUJIT6TTir~8'~~ ~r5J®tD Q{hrflUJuu(El{i;§)lW. @uC8ulT§)l, @jWIJ~ro {hI~6l.J
G:)!)IJ~~60 6T(!!lUt5l6l5lL G:6lJ~tq.uSl®B;®tD. U IT§)l8i ITUU IT~ §)l. fi1U U rE{h{i;i) GiJ 6JrDf!)JW i) Q 8' UJ§)l6l5lL (El
~~ G:UIT6\) )!)606\) ~r5J~6\) ~J6l61ll6lJll..jtD 6lJ6TTir~~B; dM{hrD8ilT~ ~QJ~ffiJ8i~GYT (Bill of Loding) dMQJrTQJffiJfil8;@j
Q8iIT6Tr~r5J8i6Tr. @~~UJ ~1J8'1Tr5J8itD @uQUIT(!!lQ~606\)lTtD !L rfIUJ C!:P~ JDuSIGiJ dMGrfI{i;§)l6l5l L L ITGiJ, @jW IJ~ ro QJ ffiJfil
@61ll)DUJ ~6lJ6mr5J8i61ll6TTll..jtD Q8i0t5ltq.8i61ll6TTll..jtD dM{hrD8ilT~ u~{i;~{h dMQJ(!!j8;@j dMGrfI{i;§)l6l5l(Elw. dM§)l
®61ll)D~~6Tr6TT~. ~6irr61ll6\)6UflG:6\)G:UJ 6]i>!PJLD~ @)DB;®LD~ C8ulT6l.JC8QJrfI<f8'rTIJI-ro{hI~6l.J'4W UIT§)l8iITUUIT~§)l. dMQJ~IJU
~6lJ6mr5J8i6Tr QU)Duu0~6irr)D~. uIfl16lSlB;8iuu0~6irr)D~. QUITf!)J{i;{hQJ~1J u{i;{hlTuSllJw IJI- ~rTL(El8im 6JrDf!)Jwi)
6T61ll~QUJ606\)lTtD ~6irr61ll6\)6Ufl60 Q8'tUUJ (Yltq.ll..jG:LDIT Q8'UJUJuuL(El 6l5ILL§)l.
(Yltq.~~6lJ61ll1J ~6lJi>61ll)D ~6irr61ll6\)6Ufl60 Q8'tUll..jr5J8i6Tr. ~~
fi)6l.J 8'W UJffiJ8iGrflGiJ @jWIJ~ro QJ ffilfil !LL~IJI- UJ1T8i
G:)!)IJ 6l5lIJUJ~61ll~ ~6l5lirB;®tD.
dMQJ(!!j8;@jU u~w {hlJlTwGiJ ~QJ~ffiJ8i~GYT 8iQ6l.J8;~ro
~1J1-l~U~Ll6I<DV ~WJLJl·-/@JfPJW !L~(£l. ~{ljIT@)fPJ rfl58:(TLS/
..ro
@Jr5J€i1U Uliiffi-j, ~ {lj 05 LD[TWI ro
@Jr5J€i18;05 ~ WJ U t.5JUJ aUIT6ISl Q6lJ6TfI)!i1TL..@ 6lSlUJITUlTrrll»61lJ6TTlLjtD.r-r-QLOuSl6ISlw
t.5JfDG$ fillDV 8LDUJW @jLD[TWJ8;@jU U6mW @)1f!r5J$Uu(£lW. 6lJ@JtD y~UJ Enquiry 1»61lJ6TTlLjtD1L~6Uf]uUITI» ffi6lJ6Uf]8;1»
QUlTfPJ@)lT$ @fPJ'iljW [Jj~L(}jJ~fD{ljlTro. a6lJc;m-@tD. 6Trf.Jffi6TflLtD QU@JtD ~ITLIT ~6Tr6TT~. ~~I»
fiTroro $1T[T6mrh~roITGIDVIT rfl58irL.. $6m8;€i1<DV U6mW 6lSl61ll6\luSl~tD 6T~IDJ 6lJ@JtD QLOaB'~ffi61lJ6TT )!itDU8;6<>.LIT~.
@<DV~IDV fiTroGfDlT, ~@)ITIDVIT€i1U GUlTrolTGIDVIT @jLD[TWlro ~uul<j- ~@J 6l6\lIT )!itDe!Prrl6lSlaUJ U6\l affilTl<j- ®UITt.i..rffi61lJ6TT

{ff/~IDV? @r5J@j{ljlTro ECGEC fiTrouu(£lw Export Credit @~~{lj~ ~c;m-61lJLO. @)J61UUlTffi 61lJ)!ig§rrlUJIT6lSl6lSl@J~~tD U6\l

Guarantee 6J[i>!J)1LD~UJlTmir$'@8;@j ~$Q$IT(£l8;€i1fDfPJ. ~uLSlrrl8;ffi )!i1T@ffi6Tfl6lSl@J~~tD @~{lj LOIT~rrlUJIT~ 6JLOIT.IDIDJ

'€jl(!!j@J1T1JI-8;~$UJlTm~[T @row
t5r5J$m Q@J6'rfI[Jj1TL..1JI-<DV ~~l»tD.

$~L'iljLGroGUJ ~@J(!!j~LUJ $wQuWI fiTUUIJI-, U6mW fPJ~fD @)<DV~roir$m 8in.!J)1@J~{lj8; G$L..GUlTw.

@)(!!jLDIT@)[TIT{lj1T
GUlTrofD ~@J[Tr5J$~mrh Q{ljrfl[bfPJQ$lTmm
[Jrram!i$}[J®wrriT (8iuuiiiJ fPJ~fJJ, Q8W~ro)
ECGC {ff/!J)1@)rorh~{lj ~~$IDVITW.
"~~{ljIT$ @[b{ljrh Q{ljlTyll~8;@j @J(!!ju@Jir$m INCO Terms
ECGC {ff/!J)1@)row @jp5!Ut.5JL..L [Jj1TL..1JI-<DV!Lmm
fiTrofD @~LirG[Jj,"*ro<DV $LDir~UJ<DV
'€jl(!!j @J1T1JI-8;~$UJlTm~[Tu u[i>p5!fLJW ~@J~[T fiT[b{lj
QLirW<O'iv U[Dp5!u ~rfI[bfPJ Q$lTmm
~m'ilj [JjWUIDVITW fiTroufPJ @jp5!rhfPJw {lj$@J<DV$m
G@)~IJI-UJfPJ ~@)filUJw. FOB, CIF,
@JIf! r5J05 W . ~ fPJ LDL..(£lLD<DV IDV, [JjW 6J[i>!J)1LD~ 8; 05
CFR, EXW GUlTrofD ~UJITUIT[T '€jluu[b{lj
G@)~IJI-UJ 6J[i>!J)1LD~8;$ITUUL..~L (Export Insurance) '€jl(!!j
~,"*UJr5J$~m ~p5![bfPJ Q$lTm@)fPJ i.EJ$
@jp5!Ut.5JL..L8{lj~€i1{ljrh~{lj urri.EJUJLDIT$QU[i>!J)18; Q8iIT~(£l
~@)filUJw. t5r5J$m @J1T1JI-8;~$UJlTm(!!j8;@j
Q8uJfPJW {lj(!!j@)lTir$m. '€jl(!!jG@J~m rfl58irlJl-ro $wQuWI
'€jl(!!jQUIT(!!j~m ~[i>€i1p)ir$m fiTrofDlT<DV,
~@)ITIDVlTrolT~W @jLD[TWlro U6mrh~[i>@j !Lrh~[T@)IT{ljw.
~{lj[D$lTro GUIT8;@j@J[TrhfPJ5 Q8IDV~@J
6J[i>!J)1LD~uSlro ~IJI-UU~L @UJ8;$W @ru@)m'ilj{ljlTro. @[b~UJIT~GIDVGUJ $L..(£lG11ir$mlT
@W1, @[b{lj ~UJITUIT[Trh~ro ~~8;$r5J$~mfLJw fiT6iJ@)lT!J)1 ~<DVIDVfPJ@J1T1JI-8;~$UJlTmir $L..(£l@)IT[T1T
U ITfPJ$IT U U IT$ (}jJroG ro!J)1@)fPJ fiTro UfPJ @jp5!rhfPJ ~ [b{lj rh fiTroU~{ljQUJ<DVIDVITW $6m8;@j Q8uJG{lj ~[DU~ro Q8uJUJ
G@J~(£lw.
@fPJ{lj~[T Q@J6'rfI[Jj1TL..1JI-<DV
!Lr5J$m QUIT(!!j'@8;@j
@~{lj LOITUJ 6lJ1T1T{lj61lJ{lj u.IDJ61 ~@J(Yl61lJ,ID ~rf.JI»6Tr fiTroro 8Tr5J$@)rfI ~~8;$uu(£l€i1fDfPJ, '€jl(!!jG@J~m {lj~L
Q6lJ6TfI)!i1TL..@U UUJ6mtD aLO.IDQI»ITc;m-@ ~@JtDLSI~lTa6\l1T Q8uJUJUUL..L{lj1T GUlTrofD@)[i>~fDfLJW Q{ljrfl[bfPJQ$lTm@)~

~W6\l~ ~@J(Yl61lJ,ID 6lJ61UJ ~6TT6lSlw ~IT 6J.IDIDJLO~ ~@)filUJw. C&F Agent

'€jl(!!j 6J[i>!J)1LD~UJlTmir '€jl(!!j[Jj<DVIDV
(Yll<j-~{ljlTa6\l1T yrrlUL..@ 6lSl@tD. (8Tr5J$rhfPJ~fD 6JQ8?~L..) ~@JrhfPJ8;Q$lTmm G@J~(£lw."
~rf.JI»6Tr ~QLOrrl8;I»IT6lSl.IDaffilT LSI,ID )!i1T@ffil§8;affilT 8ru[Jw~w.u (~lTffiJ8irrffiJ)
LIT6\lIT LO.IDIDJtD ~alJlT ~W6\l~ ~UUIT~8;@) 6J~, 6l6\l ~~ ~wrrurr[Jw
)!i1T@1»l§8;@) ®ulTuSla6\laUJ 6<>.L 6lSl61lJ6\l @IT6muSl~~ "8[b~{ljuSl<DV Ur5J@j QU[DfD (}jJ{lj<DV
6J.IDIDJLO~ QB't.i..rUJ6\llTtD. ~mlTw Q{ljITLIT~~ Q6lJ6TfI)!i1TL..@ @)(!!jLrh~GIDVGUJ ~UJITUIT[Trh~{lj
ffiQlJ~61 @6\l6lJlJ~61lJ{lj8; ffic;m-I»IT~8;1» a6lJc;m-@tD. LIT6\lIT fiT~irUlTir8;$8; 8in.LlTfPJ. ~irLir
@,IDrf.J@)&l,ID{ljIT, 6JIDJ&l,ID{ljIT? ~alJlT @6\l6lJlJtD 6T~~ 6T~IDJ @)[TIT~L..LIT~W Q{ljITLir[bfPJ 8[b~{lju51<DV
1»~8;1» a6lJc;m-@tD. ~rf.Jffi6Tr ~6lJ6mrf.Jffi61lJ6TT 6lJrf.J&luSlw Ur5JQ$(£l8;$ G@J~(£lw. Out of
QI»IT@8;@)tD )!i1T6Tr{ljIT~ 1»6m8;@). tEc;m-@tD rrl6B'IT@8;@) Sight out of mind fiTrou~{lj GUIT<DV
6lJ@Ja6lJlTtD. rrl6B'IT@8;@) ~~ITL.. 6lSl.ID,ID@)LOlJ~8;@) @lJc;m-@ @J1T1JI-8;~$UJlTmir$m Q{ljITLir[bfPJ [JjW~LD $~$IT~uu~{lj
LIT6\lIT {lj@J6lJ{lj1T1» QB'lTw6ISluSl@J~{ljITIT ~W6\l6lJIT? 6J.IDIDJLO~ ~rfI[bfPJQ$lTmm G@J~(£lw. "
(Yll<j-~~6lSlL..@ ffiUUW ~6lJ6mrf.JI»61lJ6TTlLjtD )!itD jl~6\lIT6iu [Jrrw (fJrorr) Trading
LO.IDIDJtDUIT8;&lrf.J 6ISl6iuL.. B'LOITB'lTlJrf.JI»l§L~ (~rf.Jffi6Tr /frrf.Jffi
!Lr5J$m Buyer fiTr5J€i1(!!j8;
6JQ~~L.. ~rf.Jffil§8;@) 6TW6\l1T 6lSl{ljLOIT~ ~6lJ6mrf.J1»6TfI~tD
€i1fDITG[T1T ~[b{lj [Jj1TL..(£l8;@j8;
~{lj6l.j6lJITIT) 6lJrf.J&luSlw QffilT@8;@)tD ~~IDJ ~@J LIT6\lIT
$~IJI-UUIT$ '€jl(!!j ~filL.. ~1JI-8;$
mtDU~ ®UITt.i..r 6T~,IDITW @)LOlJ~8;@) &l61lJLUU~ ~IDJ
G@)~IJI-UJfPJ (}jJ8;€i1UJW. ~fPJ ~[b{lj
®UITt.i..r. ~~lTw. ~~IDJ LIT6\lIT LO~Uy )!i1T.IDu~Q{ljL..@
[Jj1TL..~Lrh Q{ljrfl[bfPJ Q$lTm@)fPJLro
®UITUJlTffi jl@J~{ljITW Q6lJIDJtD Q{ljITc;m-~.IDIDJ ~ LOL..@aLO
~r5JG$ !Lr5J$m @J1T1JI-8;~$UJlTmrflro
&l61lJL8;@)tD. @61lJ{lj 6TUUl<j-6 B'LOIT6TfIUU~? ~{lj.ID@)tD Forward
8$ GUITL..IJI-UJlTmir$~mfLJW Q{ljrfl[bfPJ
Contract 6T~,ID (Yl61lJ,ID ~6Tr6TT~. LIT6\lIT LO~Uy @)61lJ,IDlLjtD
Q$lTmmIDVITW.
6T~IDJ 6T~ITUITITUY @@J~{ljITW UC 6lJ~{lj ~~a,ID 6lJrf.J&llLjL~
fiT8;$ IT[T6m rh~ {lj (}jJro WI L..(£lW {lj@JfDITro @JylluSl<DV
~@J ~uu~{ljtD QB't.i..r~ QffilT6Tr6TT a6lJc;m-@tD. ~~{ljIT~
U6mW U~6m G@J~(£lw fiTro!J)1 LD[i>fD@Jir$m
Forward Contract. @~{lj @5L../frLOrf.Jffil§tD UL..LJ616l.jtD
Q81T<DVro6!8;Q$IT(£lrh{ljlT<DV
8in.L (}jJUJ[i>fil8;$ G@)~LITW. ~~
Q{ljIT~W ~6lJrf.J&lUJ 6l6\l LOIT{ljrf.J1»6TfIW
~rf.Jffil§8;@)U yrrlULU
!Lr5J$~mfLJW ~yllrhfPJ !Lr5J$m fiT~ir$ITIDVrh~{ljfLJW ~yllrh~
aUIT6lJ~ ~IDJ~'
~(£lW.
jluQUIT@Q{ljW6\llTtD /frrf.Jffi~~61Il,IDuSl6ISl@J~~ ~t.i..r6l.j
~[b{ff/UJ5 Q8IDVIT@J~uSI<DV 6JG{ljWJW ~<DV~ (}jJ<DV~
Qu.ID,ID6lJITI»6Tr @{lj.IDI»IT~ ~@J)!iIT6Tr / ~@J LOIT{ljtD uuSI.ID61
u~~rolT<DV $(£lw {lj~L~ro @J@j8;$UUL..(£lmmfPJ. ~$
~6TfI8;&l,IDITITffi6Tr.
fiT58rf18;~$ G{lj~@J." •