Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Determine the correct INCOTERM for each situation below: You sell to Sydney, Australia your product carried by air. You do not want to undertake any

image text in transcribed
Determine the correct INCOTERM for each situation below: You sell to Sydney, Australia your product carried by air. You do not want to undertake any transport/clearing operations in Australia. Answer: You import wood saws Stockholm (Sweden) and you bear all costs and risks involved in bringing the goods to your warehouse in France. Answer: You import bicycles from China. You will take the goods not cleared by customs at the terminal in the port of Seattle. The goods were shipped at the risk of the seller. Answer: You ship by sea to Japan. The buyer wants delivery to its warehouse, but they will handle customs clearance Answer: Determine the correct INCOTERM for each situation below: You sell to Sydney, Australia your product carried by air. You do not want to undertake any transport/clearing operations in Australia. Answer: You import wood saws Stockholm (Sweden) and you bear all costs and risks involved in bringing the goods to your warehouse in France. Answer: You import bicycles from China. You will take the goods not cleared by customs at the terminal in the port of Seattle. The goods were shipped at the risk of the seller. Answer: You ship by sea to Japan. The buyer wants delivery to its warehouse, but they will handle customs clearance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook Of Digital Currency Bitcoin Innovation Financial Instruments And Big Data

Authors: David Lee Kuo Chuen

1st Edition

0128021179, 978-0128021170

More Books

Students also viewed these Finance questions