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1. ABC Exporter, in Brantford, Ontario sell products to Espaa Espere in Venezuela. Terms of sale: CPT Designated Port, Incoterms' 2020 20 wooden pallets loaded

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1. ABC Exporter, in Brantford, Ontario sell products to Espaa Espere in Venezuela. Terms of sale: CPT Designated Port, Incoterms' 2020 20 wooden pallets loaded in one 40 -ft ocean container Terms of delivery: ocean freight Terms of payment: open account, net 60 days a) Who selects the freight forwarder and pays the ocean freight charges? Buyer a Seller b) There are goods of U.S. origin in the consignment and a general export permit is required. However, the GEP 12 was not entered on the export declaration. Who is responsible for paying the AMPS penalty? Buyer Seller c) The shipment was delayed a the arrival port due to Customs clearance problems. Storage charges were USD $600.00. Who is responsible to pay? Buyer Seller d) When the container was unloaded at the consignee's door, the contents of eight pallets were damaged. Who bears the loss? Buyer a Seller e) What issues might arise from the use of this geographic location? f) Is it an appropriate place? g) What would be a "more specific" geographic location

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