Comparative Analysis and Suggested Best Route: To suggest the best route for each sales quotation, we need to compare the transport costs and time for each alternative route.
Comparative Table of two routes. Sales Quotations using Incoterms 2020: In the international trade of goods, Incoterms 2020 rules define the roles, responsibilities, and types of costs for the buyer and seller. We propose three sales quotations using different Incoterms rules for Global Retailers Inc. to import our products into their destination. These quotations are as follows: a)Sale Quotation using FOB Incoterms: Under this quotation, we agree to deliver the goods to the port of shipment in Singapore, and Global Retailers Inc. will be responsible for all costs associated with transporting the goods from the port of shipment to their destination. This quotation is preferred when the buyer has more experience and resources to manage the transportation of goods. The quotation is as follows: Singapore Port Role and Responsibility: - Our company will be responsible for the loading of goods on the ship. - GUANGZHOU LEEKON SWIMMING EQUIPMENT CO., LTD will be responsible for all costs associated with transporting goods from the port of shipment to their destination. - Our company will be responsible for the cost of loading the goods onto the ship. - GUANGZHOU LEEKON SWIMMING EQUIPMENT CO., LTD will be responsible for all costs associated with transporting the goods from the port of shipment to their destination. b) Sale Quotation using CIF Incoterms: The second sales quotation proposed in the paper is based on Cost Insurance and Freight (CIF), where the organization is responsible for all costs associated with transport, insurance, and freight. This means that the organization will be responsible for arranging and paying for the transport of goods, as well as insuring the goods during transport. This quotation may be suitable for buyers who do not have significant experience or expertise in international trade and logistics, as the organization will take on most of the responsibilities and risks associated with the transport of goods. Under this quotation, we agree to deliver the goods to the port of shipment in Singapore and arrange for the transport of goods to the destination port in the China. This quotation is preferred when the buyer has less experience and resources to manage the transportation of goods. Sbekou Port airport Role and Responsibility: - Our company will be responsible for the loading of goods on the ship and arranging for the transportation of goods to the destination port in the United States. - GUANGZHOU LEEKON SWIMMING EQUIPMENT CO., LTD will be responsible for all costs associated with unloading goods from the ship and transporting the goods from the destination port to their destination. - Our company will be responsible for the cost of loading the goods onto the ship and arranging for the transportation of goods to the destination port in the China - GUANGZHOU LEEKON SWIMMING EQUIPMENT CO., LTD will be responsible for all costs associated with unloading the goods from the ship and transporting the goods from the destination port to their destination. c) Sale Quotation using DDP Incoterms : The third sales quotation proposed in the paper is based on Delivered Duty Paid (DDP), where the organization is responsible for all costs associated with transport, insurance, freight, and duty. This means that the organization will be responsible for arranging and paying for all costs associated with the transport of goods, as well as any duties or taxes that may be imposed on the goods at the buyer's destination. This quotation may be suitable for buyers who prefer a "hands-off" approach to international trade and logistics, as the organization will take on all of the responsibilities and risks associated with the transport of goods. Role and Responsibility: - Our company will be responsible for the loading of goods on the ship, arranging for the transportation of goods to the destination in China, and clearing customs. - GUANGZHOU LEEKON SWIMMING EQUIPMENT CO., LTD will be responsible for unloading the goods at the destination and storing the goods until they are ready for sale. - Our company will be responsible for all costs associated with transporting goods to the destination in China including transportation, insurance, and customs clearance. - GUANGZHOU LEEKON SWIMMING EQUIPMENT CO., LTD will be responsible for unloading the goods at the destination and storing the goods until they are ready for sale
