In number 1 it should be CIP Bremerhaven instead of CIP Prague
Export Management Written Assignment # 2 Fall 2017 Due: Nov 15,2017 You are the new export manager for a mid-size manufacturer of sports socks in Tuscaloosa. The company, Decathlon, makes socks in a variety of styles and sizes in cotton blends under its own label. It also does private label business for major sports labels like Nike and Adidas. Decathlon sells nationwide and has just started an export department to find overseas customers. You received an email inquiry from a potential distributor in Prague Czechia. The company owner met you at a sporting goods trade show in Anaheim, CA last month. In the email, the owner wants to be your exclusive distributor for Western E the cheapest & closest port to its warehouse facility in Prague. He would prefer 90 day payment terms, but since this is your first inquiry from the Czech company, you might want to consider more conservative or secure payment terms urope and asked for a CIP quote on a 40 foot container to Bremerhaven Germany Through your shipping department and freight forwarder you have received the following information A 40 foot container holds 30,000 dozen pair and ocean freight will be $1,500. The unit price at your . factory is $10.00 per dozen pair . Inland freight, handling, and loading on vessel at the U.S. port of Mobile is $500 . Insurance is calculated $0.52 for every $100 of the total CostFreight (CPT). The import tariff is assessed at 2.5% of the CIP value of your product. Round up to nearest dollar.) . There is a VAT tax of 10 % assessed on the total CIP value plus tari amount. It will cost $ 431 to get the container loaded on a train and sent from Bremerhaven to the distributor's warehouse in Prague Your assignment: Prepare a complete pro-forma invoice on a separate page. Show the charges so that the distributor can see the FCA Tuscaloosa, FCA Mobile, CPT Bremerhaven, and CIP Prague price terms. Refer to the examples provided in class and make sure that your pro forma includes all of the required fields. (30pts) Export Management Written Assignment # 2 Fall 2017 Due: Nov 15,2017 You are the new export manager for a mid-size manufacturer of sports socks in Tuscaloosa. The company, Decathlon, makes socks in a variety of styles and sizes in cotton blends under its own label. It also does private label business for major sports labels like Nike and Adidas. Decathlon sells nationwide and has just started an export department to find overseas customers. You received an email inquiry from a potential distributor in Prague Czechia. The company owner met you at a sporting goods trade show in Anaheim, CA last month. In the email, the owner wants to be your exclusive distributor for Western E the cheapest & closest port to its warehouse facility in Prague. He would prefer 90 day payment terms, but since this is your first inquiry from the Czech company, you might want to consider more conservative or secure payment terms urope and asked for a CIP quote on a 40 foot container to Bremerhaven Germany Through your shipping department and freight forwarder you have received the following information A 40 foot container holds 30,000 dozen pair and ocean freight will be $1,500. The unit price at your . factory is $10.00 per dozen pair . Inland freight, handling, and loading on vessel at the U.S. port of Mobile is $500 . Insurance is calculated $0.52 for every $100 of the total CostFreight (CPT). The import tariff is assessed at 2.5% of the CIP value of your product. Round up to nearest dollar.) . There is a VAT tax of 10 % assessed on the total CIP value plus tari amount. It will cost $ 431 to get the container loaded on a train and sent from Bremerhaven to the distributor's warehouse in Prague Your assignment: Prepare a complete pro-forma invoice on a separate page. Show the charges so that the distributor can see the FCA Tuscaloosa, FCA Mobile, CPT Bremerhaven, and CIP Prague price terms. Refer to the examples provided in class and make sure that your pro forma includes all of the required fields. (30pts)
