Question
8. Use Shipment A (above) to illustrate CIF. Label the diagram (below) with the locations and shade the sellers responsibilities. II C T C I
8. Use Shipment A (above) to illustrate CIF. Label the diagram (below) with the locations and shade the sellers responsibilities.
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C | T |
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Sherbroke | Quebec City | Halifax |
| Le Havre | Paris | Lyons |
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C | T |
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What is the full current Incoterm?
CIF Le Havre, France, Incoterms, 2020
What is unusual about this term?
(i) Risk and responsibility transfer at different places or (ii) seller must purchase minimum coverage for the buyer
9. Use Shipment B (above) to illustrate FCA terminal. Label the diagram (below) with the locations and shade the sellers responsibilities.
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II
C | T |
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Taipei
| Taipei | Kaohsiung |
| Vancouver | Victoria | Nanaimo |
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C | T |
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What is the full current Incoterm?
FCA Taipei, Taiwan Incoterms 2020
Why is this term great for a buyer of dangerous goods?
It eliminates the buyers risk, since the seller delivers the goods to the buyers agent in Taiwan. The buyer can instruct their agent to make certain that the goods are packaged, labelled and documented according to the required standards for shipment and import into Canada.
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