Question
Currently you are purchasing from SEPC under FOB Shanghai Incoterms 2010. a) Is this the most appropriate term? Explain. b) Assume you do not want
Currently you are purchasing from SEPC under FOB Shanghai Incoterms 2010.
a) Is this the most appropriate term? Explain.
b) Assume you do not want to pay freight costs but do want insurance coverage. Which Incoterm would be most appropriate? Explain.
c) Based on the Incoterm you selected in b) provide a step-by-step description of the transfer of costs and risks for an import shipment from UKEP to CEDL.
d) Assume your shipment is lost at sea. How would you resolve this loss with UKEP?
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Intermediate Accounting
Authors: Kin Lo, George Fisher
Volume 1, 1st Edition
132612119, 978-0132612111
