Question
Part B Corporation Electro Inc. has purchased a large order from their manufacturer in China of three full containers of electronics and plans to import
Part B
Corporation "Electro Inc." has purchased a large order from their
manufacturer in China of three full containers of electronics and plans to
import them by sea. They would like their Chinese partners to arrange inland
shipping to the port of Shanghai and load the vessel. Corporation ABC will
make contact with their import broker to clear the goods for import into the
US at the port of Long Beach and assume the risks of the shipment once
loaded at the port of Shanghai. Once delivered they will ship the goods by
truck to their warehouse in Los Angeles.
Required:
b) What INCOTERM should be used? Choose from FOB, DAP or EXW and
justify your choice.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started