Question
The seller is in Istanbul, Turkey; the buyer is in Chicago. The original quotation on terry cloth towels is $5.00 per dozen, FOB Istanbul. Costs
The seller is in Istanbul, Turkey; the buyer is in Chicago. The original quotation on terry cloth towels is $5.00 per dozen, FOB Istanbul. Costs include export clearance of $0.10 per dozen, inland freight in Turkey of $0.10 per dozen, ocean freight + rail freight to Chicago of $1.00 per dozen and import clearance of $0.25 per dozen. The buyer accepts the seller's FOB quote of $5.00 per dozen. The buyer's final cost to receive the towels is:
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Project Management A Managerial Approach
Authors: Jack R. Meredith, Samuel J. Mantel Jr.
8th edition
470533021, 978-0470533024
