My company is Pacific Ocean Foods Ltd. and we are exporting Frozen Seafood Mix to Japan to a distributor there. My packaging details, number of units/unitized units sold, mode of transport and INCOterm has been decided and details are as follows: 1. Packaging Details:

Individual Unit Details:

A. Content: Frozen Seafood Mix (shrimp, scallops, mussels, calamari)

B Type: Plastic bag with re-sealable zipper

C. Dimensions: 12 inches x 8 inches x 2 inches

Unitized Details:

A. Number of Cartons: 50 cartons

B. Stackable: Yes

C. Hand-bombed or palletized: Palletized

D. Dimensions of unitized unit: 48 inches x 40 inches x 60 inches

E. Packaging markings on the cartons: Pacific Ocean Foods Ltd. logo, product name, weight, dimensions, country of origin, and Tokyo Seafood Distributors Co., Ltd. address.

2.Number of Units/Unitized Units Sold:

A. Number of units per carton: 12 bags

B. Number of unitized units loaded into an ocean container: 35 units

C. Calculation: 50 cartons x 12 bags per carton = 600 bags

D. Calculation: 600 bags / 35 units per container = 17.14 (rounded to 17) unitized units loaded into the ocean container.

3) Mode of transport

For our company to transport seafood to our destination country Japan, sea transport can be an important mode of transport for delivering to markets. Here are some potential options for each stage of the company's growth:

Initial market stage:

At this stage, our company is likely to be serving a local market with limited demand. For delivering seafood, we can consider using smaller vessels such as fishing boats, trawlers or barges to transport seafood from the fishing ports to nearby markets or restaurants.

Growth stage:

As our company expands its market reach to regional and national levels, larger cargo ships become a viable option to transport seafood to far-off destinations. The company can choose to transport frozen seafood mix using container ships or refrigerated cargo vessels, which offer more space and facilities for transporting seafood in bulk.

Mature stage:

At this stage, our company must have established a strong market presence and is serving customers in multiple regions. The company can consider investing in its own fleet of cargo ships or chartering larger vessels to transport larger quantities of seafood to distant locations. This can help the company to control its logistics and reduce transportation costs.

Decline stage:

At this stage, our company may need to cut costs to stay competitive. Can consider transporting seafood by sea using smaller vessels such as fishing boats or barges to reduce costs. Additionally, we explore new markets to sustain our business during this phase.

Overall, the choice of sea transport for our company will depend on the company's growth stage and the needs of its customers. We will need to consider the distance, volume, and cost-effectiveness of sea transport, along with the quality of the seafood being transported to ensure it arrives fresh and in a timely manner.

4) INCOterm

What is your primary and secondary INCOterm (cannot be exworks)

The primary INCOterm we have chosen for our company will be Cost and Freight (CFR) and the Secondary INCOterm will be Cost, Insurance and Freight (CIF)

Explain why your company chose those INCOterms

CIF and CFR are both cost-based INCOterms, which means that the seller is responsible for the cost of shipping the goods to the buyer's destination port. In the case of CIF, the seller also provides insurance coverage for the goods during transportation. In both cases, the buyer is responsible for customs clearance and any additional costs and risks that may arise after the goods have been unloaded at the destination port and as we are transporting seafood these are the best options.

Explain advantages for you and your client

CIF and CFR INCOTERMS provide various benefits to both the buyer and the seller for a seafood business, including:

Advantage to the Seller:

• Reduced Liability: The seller's liability for the products is limited to the period up until the point at which they are put onto the ship. This lessens the seller's liability for any loss or damage that might develop after delivery or during transit.
• Simplified Shipping Procedure: For CFR and CIF, the seller is in charge of organizing and financing the transportation of the goods to the destination port. This can ease the logistics strain on the seller and streamline the shipment procedure.

Advantage to the Buyer:

• Reduced Costs: The buyer can spend less money on transportation and insurance because these costs are covered by the seller.
• Reduced Risk: In the case of damage or loss during shipping, the buyer's risk is lower because the seller is responsible for the items up until the point at which they are loaded onto the ship.

Explain disadvantages for you and your client

CIF and CFR INCOTERMS may have the following drawbacks for a seafood company, which affect both the buyer and the seller:

Disadvantage for the seller:

• Limited Control: Because they are only in charge of the products until they are placed aboard the ship, the seller has less control over the shipping procedure.
• Possibility for Disputes: As the seller bears the expense of shipping and insurance, disagreements may develop if the buyer is dissatisfied with the shipping service or insurance policy offered by the seller.

Disadvantage for the Buyer:

• Limited Responsibility: If the items are damaged or lost after delivery, the buyer may be responsible for additional costs or delays until they are unloaded at the destination port.

Greater Risk: As the seller's liability stops when the items are placed onto the ship, the buyer is more at risk in the event of damage or loss during delivery. Based on the above information what will be the Landed Costs i.e. Landed costs

-What are the charges that you are responsible for?

-Breakdown your invoice price to reflect INCOterm component

Based on the above information what will be the Leadtime/transit time

- The date your shipment will be ready for transit

-Inland, dwell time (export/import), main freight, and final delivery