Please answer according to the options.

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, net 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 C ) 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 O d) When the container was unloaded at the consignee's door, the contents of eight pallets were damaged. Who bears the loss? Buyer 0 Seller O e) What issues might arise from the use of this geographic location? f) Is it an appropriate place? g ) What would be a "more specific" geographic location? ABC Importers in Mississauga purchase unbleached wick from Heinz Jansen Technische Geflechte in Kaldenkirchen, Germany. Terms of sale: DPU Toronto Pearson Airport, Ontario, Incoterms 2020 11 cartons, gross weight 108.8 kg (air freight) Terms of delivery: air freight Terms of payment: open account, 30 days a) Who selects the airline or freight forwarder? Buyer O Seller O b ) Who is obligated to purchase cargo insurance? C) Who must clear the goods for export? Buyer O Seller O d) Who pays for the terminal and handling fees of CAD $25.00 at Toronto? Buyer Seller O 2022 Page | 17 Questions Terms of Trade e) The goods are lost and never arrive in Toronto. Who bears the risk? Buyer O Seller O F) There is an ACI (Advance Commercial Information/Security Fee) air fee of EUR 20.00 applied to the shipment. Who is responsible? Buyer O Seller O