Trading process of Blue Ocean Footwear Limited

Abstract

Blue Ocean Footwear Limited one of the newest addition is the footwear industry in Bangladesh. It is a joint venture company between Apex Enterprises and Greenland International started their journey in 30th September 2009. I was appointed in Commercial Department of this organization as an intern. My role was to maintaining coordination between Commercial Department and Accounts and Finance Department. For that reason I prepared my internship report on “Trading Process of Blue Ocean Footwear Limited”. This report explores the trading Process of BOFL focusing on the payment method to term of delivery and preparation of other necessary documents in a detailed manner. BOFL exports their products through Irrevocable Letter of Credit to the prospective buyer. The process of trading is very lengthy and complicated due to rudimentary process followed by country’s customs clearance. Moreover some error has been pointed out in findings section like lack of coordination between departments, lack of skilled and experience employee which can weaken the chances of the organization in the long run. At the end BOFL has been recommended to reduce the intermediaries, provide training to the employees and introduce an automated system for improving efficiency at the long run.