Please answer the following 8 questions using the chart given or any other resources you have. Please answer INCOTERM, LOCATION, Seller's Price to Buyer, for every question. Please provide explanations for the answers as well. Thank you!
You are employed as a buyer by IT Imports from Peterborough, Ontario Canada. Your company is negotiating the import of a bulk order of 45 bundles of solar panels, from Solar Items Co. located in Taipei, Taiwan. SS FORMOSA SOLAR TAIPEI CN RAIL TORONTO OVERLAND IT IMPORTS ITEMS CO TRUCKING NTERMODA TRUCKING PETERBOROUGH PORT OF TACOMA DETROIT WINDSOH TERMINAL ONTARIO KEELUNG WASHINGTON TAIWAN U.S.A. BORDER Shipping Process: . The goods are to be shipped from The Solar Items Co. by Taipei Trucking to the port of Keelung, Taiwan, where they will be loaded on the ship SS FORMOSA for ocean voyage to Washington U.S.A . From Tacoma, Washington U.S.A the goods will be transported by CN Rail to Toronto Intermodal Terminal, crossing at the Detroit /Windsor Canada border. Note: goods clear import customs at the Toronto Intermodal Terminal. . From Toronto they will be brought by Overland Trucking to Peterborough. As part of the negotiation process, you are considering different options and need to identify the most suitable incoterm, location and associated purchase price (breakdown of charges below) under each of the given circumstances outlined below. Given the nature of the cargo and mode of transportation it is not recommended that goods be shipped uninsured. Seller's Itemized Pricing_(for calculated price x number of bundles) $ CAD/bundle The cost of goods at Solar Items Co. factory 1040.00 Loading on vessel at Keelung Port 28.00 Inland freight (Toronto intermodal terminal to Peterborough) 17.00 Ocean freight 232.00 Rail cost (Tacoma Port U.S.A. to Toronto Intermodal terminal) 26.00 Marine Insurance 35.00 Export Declaration / documentation 6.00 Inland freight (Solar Items Co. to Keelung Port) 20.00 Import declarations, duties/taxes 50.00 Basic Export Packing 19.00 Options: 1. You (buyer) want the seller to deliver the goods insured to Toronto Intermodal Terminal, but you will assume risk for them once they are given to Taipei Trucking in Taiwan. Incoterm: Location: Seller's Price to Buyer: 2. You (buyer) want the seller to deliver the goods to your warehouse in Peterborough, where you will assume risk for them. The seller will need to account for goods to CBSA and pay for import duties. Incoterm: Location: Seller's Price to Buyer:3. You (buyer) want the seller to deliver goods loaded on the ship SS Formosa in Keelung, Taiwan. You will take responsibility for the goods after they are being loaded on the ship SS Formosa in the port of Keelung Taiwan and make arrangements to bring them to Peterborough. Incoterm: Location: Seller's Price to Buyer: 1. You (buyer) want the seller to deliver the goods to Toronto Intermodal Terminal, where you will assume all costs and risk. You will pay for unloading there, import clearance and subsequent delivery to Peterborough. Incoterm: Location: Seller's Price to Buyer: 5. You (buyer) want the seller to deliver the goods not insured to the port in Tacoma Washington. You will assume all risk after the goods are being loaded on the SS Formosa in Keelung Taiwan. Incoterm: Location: Seller's Price to Buyer: 6. You (buyer) want the seller to deliver the goods insured to Tacoma Port, Washington U.S.A but you will accept all risks as soon as they are loaded on the ship SS FORMOSA at the port of Keelung Taiwan. Incoterm: Location: Seller's Price to Buyer: 7. You (buyer) want the seller to deliver the goods to Toronto Intermodal Terminal. You will arrange for insurance, and risk will be transferred when the goods are delivered to Taipei Trucking. Incoterm: Location: Seller's Price to Buyer: 8. You (buyer) want the seller to deliver the goods to Taipei Trucking in Taipei. You will accept risk for the goods once they are in possession of Taipei Trucking and you will make the necessary arrangements to bring them to Peterborough. Incoterm: Location: Seller's Price to Buyer:Incoterms 2020 Chart of Responsibility coleintl.com Any Transport Mode Sea / Inland Waterway Transport Any Transport Mode Charges / Fees EXW FCA FAS FOB CFR CIF CPT CIP DPU DAP DDP Ex Works Free Carrler Free Alongside Free On Board Cost & Freight Cost Insurance Carriage Paid To Carrlage Delivered at Delivered Delivered ship Freight Insurance Paid To Place Unloaded at Place Duty Pald Export SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER Packing Loading BUYER SELLERS SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER Charges Delivery to BUYER SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER Port/Place Export Duty BUYER SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER & Taxes Origin Terminal BUYER BUYER SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER Charges Loading on BUYER BUYER BUYER SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER Carriage Carriage BUYER BUYER BUYER BUYER SELLER SELLER SELLER SELLER SELLER SELLER SELLER Charges Insurance SELLER SELLER Destination BUYER BUYER BUYER BUYER BUYER BUYER SELLER SELLER SELLER SELLER SELLER Terminal Charges Delivery to BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER SELLER SELLER Destination Import Duty & BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER SELLER Taxes "Seller is responsible for loading charges, if the terms state FCA at seller's facility. Green line indicates Delivery
