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1 A company exports a batch of cartons to the British merchant. The quotation is USD50.00 per case CFR London. After that, the British merchant
1 A company exports a batch of cartons to the British merchant. The quotation is USD50.00 per case CFR London. After that, the British merchant asked to quote FOBC2%. If we accept the British request, how much should we quote? It is known that each case of the goods is 45cm in length, 40cm in width, 25cm in height and 35kg in gross weight; the freight calculation standard is W / M, and the basic freight per ton is USD120.00, plus 20% fuel surcharge and 10% port surcharge.
2. An FOB contract stipulatedThe shipment will be effected in March 2013. If the vessel fails to arrive at the port of shipment on timethe seller agrees to set aside the goods for additional 27 daysand the buyer will bear all costs of delayIt turned out that under the seller's repeated requeststhe vessel named by the buyer finally arrived at the port of shipment on May 1stAs a resultthe seller refused to make the shipment.
(1) Was the seller entitled to compensation for the warehouse rentinsurance and interest due to the delay?
(2) If the seller had sold the goods to a third party on Apr. 25thshould the buyer pay for the delay?
(3) If the seller had sold the goods to a third party on May 1th with a better price,was he entitled any compensation?
3. The carrying vessel had an accidental fire on a voyageThe captain ordered to have water poured into the compartmentFinally the fire was put outand the vessel sailed for the destinationThe losses and damages occurred in this accident were
(1)For party A10 of her goods were burnt
(2)For party B20 of his goods damaged due to water poured
(3)For the carrierengine damaged due to the fire and the repair charges
(4)Extra wages for the seamen
Based on the information aboveindicate which is PA?Which is GA?
4. Company A has made a contract with Exporting Company B for purchasing 500 metric tons of fertilizer. The contract stipulated that the buyer should open the L/C before Jan. 30th, 2013, shipment should be made before Feb. 5th2013On Jan. 28th, the relative L/C was opened with the validity until Feb. 17th. Because the Company B was unable to make shipment according to the stipulation of the contract, they cabled the buyer to ask for the extending time of shipment and the validity of the L/C to Feb. 17th and Feb. 20th respectively. Company A agreed but they didn't notify the opening bank. Company B shipped the goods on Feb. 17thbut they were dishonored by the bank when they made negotiationDo you think the bank has the right to dishonor the goods? Why?
5.Our company has received an offer from an American exporter for 500 metric tons of walnuts, which required that the reply should be returned within 7 days. After investigation, we decided to accept the offer on the fifth day. But at this time, the foreign businessmen sent a telegram saying that they would withdraw the offer. In this case, what should our company do and why?
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