Question
Referencing the agreed-upon incoterm accurately and clearly in the contract is important in order to avoid misunderstandings. The following incoterms are quoted improperly. Identify the
Referencing the agreed-upon incoterm accurately and clearly in the contract is important in order to avoid misunderstandings. The following incoterms are quoted improperly. Identify the mistake and correct the way the incoterm is quoted.
An export order includes the Incoterm CFR Ottawa Macdonald-Cartier Airport, Incoterms 2020.
Explain the issue and suggest the appropriate correction to the incoterm.
A San Francisco based home dcor company is importing furniture from a manufacturer in Ho Chi Minh City, Vietnam. The parties have agreed to use the CIP incoterm and the incoterm is quoted as follows: CIP, Port of Hi Chi Minh City, Incoterms 2020
Explain the issue and suggest the appropriate correction.
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Financial Accounting an introduction to concepts, methods and uses
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
13th Edition
978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003
