Saturday, September 24, 2016

Top 25 Interview Questions and Answers for Garment Job

Interview Questions and Answers:

Interview is a common scenario for any kinds of job. Each and every applicant has to face it. It can be very easy or tough which totally depends on the instant situation of viva board. During interview, you may face with your known topics or not, but you should be confident there. This article has presented some important interview questions and answers which may help you in your interview.

13. What is L/C ?

L/C means letter of credit. It is commitment by an opening bank on behalf of the importer in favor of the exporter that the bills drawn by them on the importer countries covering the shipment of specified items and quality of goods within stated period. It will be paid in exchange of documents under certain items and condition.

14. What is invoice?
After sending the garments goods to the importer country, the documents mentioning the price is sent to the buyer for collecting is called invoice.
15. What is quota?
It is an agreement between governments of the importer country and the exporter country. In details it is the quantities of garments of different categories upon the manufacturing countries according to the business policy.
16. What is FOB?
FOB means free on board. If the price of the goods is mentioned in invoice without transport cost then it is called FOB.
17. What is C&F?
C&F means cost and freight. If the price of the goods is mentioned in invoice including transport cost then it is called C&F.
18. What is CIF?
CIF means cost, insurance and freight. If the price of the goods is mentioned in invoice including transport cost and insurance cost then it is called CIF.
19. What is category?
Category is a number which indicated what type of fabric is used for making the particular garment and it also indicated the type of this garment.
20. What is face of fabric?
The surface of the fabric that is intended to be seen because it presents s better appearance than the other side due to its characteristics i.e. weaves, luster, finish etc. in many fabrics, especially industrial fabrics, face and back are identical.
21. What is faced cloth?
A term sometimes applied to the fabrics that have a separate set of warp or filling yarns on the back of the cloth i.e. pile fabric, flannel fabric.
22. What is fusing?
The term generally refers to partial melting. In bonding, fabric layers are joined together by fusion of an adhesive under heat and pressure.
23. What is the abbreviation of G/D?
G/D stands for grams per denier.
24. What is gauge?
In knitted fabrics, it is a measure of fineness or number of wales per unit of width across the fabric. Higher gauge numbers indicate finer texture.
25. What is grading?
When different sizes of patterns are made from the master pattern of the garment is called grading.

Letter of Credit (LC)

Letter of Credit (L/C):

L/C means letter of credit. The technical term for letter of credit is ‘Documentary credit’. It is a common word for merchandisers in apparel merchandising. L/C is a payment term generally used for international sales transactions. It should be mentioned that L/C deals only in documents but not goods. L/C works in favor of both of the Buyer and seller. The bank that issues the L/C is termed as Issued bank or Buyer’s bank. The bank which advice the L/C to the seller is called Advising bank or Seller’s bank.


L/C for Garments



There are mainly two types L/C. these are-
  1. Master L/C,
  2. Back to back L/C.
Both of those are described in the below:

1. Master L/C:

When a L/C is opened to import goods directly from the exporter is called master L/C. This L/C is issued by the buyer (Buyer’s bank) to manufacturer. Master LC has higher financial value than back to back L/C.

2. Back to Back L/C:

When a L/C is prepared by the manufacturer to collect raw materials for production from the suppliers is called Back to Back L/C. Back to Back L/C has 70-80% financial value of master LCs.

Difference between Master L/C and Back to Back L/C:

SL No.
Subject
Master L/C
Back to Back L/C
01
Definition
This type of L/C is prepared by the buyer to import goods from the manufacturer.
This type of L/C is prepared by the manufacturer to collect raw materials from raw materials supplier for the production.
02
Issued Bank
Issued by the buyer’s bank.
Issued by the manufacturer’s bank.
03
Types of L/C
It is a basic L/C.
It depends on master L/C
04
Purpose
To import goods from the manufacturer.
To collect raw materials from the Raw material suppliers.
05
Financial Value
It has higher financial value than Back to Back L/C.
It has lower financial value than master L/C.