Exercise 2.3 (Question) 1. ABC Exporter, in Brantford, Ontario sell products to Espana 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, not 60 days a) Who selects the freight forwarder and pays the ocean freight charges? Buyer O Seller O 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 O Seller O The shipment was delayed at the arrival port due to Customs clearance problems. Storage charges were USD $600.00. Who is responsible to pay? Buyer O Seller d) When the container was unloaded at the consignee's door, the contents of eight pallets were damaged. Who bears the loss? Buyer O Seller O e) What issues might arise from the use of this geographic location? Is it an appropriate place? 9) What would be a "more specific" geographic location