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Using FOB named port of destination in your Sales Contract shows interested parties that ( select all that apply ) : Question 1 2 options:
Using FOB named port of destination in your Sales Contract shows interested parties that select all that apply:
Question options:
The seller must arrange and pay for marine insurance
It is a marine bulk shipment
The seller must arrange and pay for maincarriage
The seller must arrange and pay for any documentation or export declaration formalities in the country of origin
The freight costs must be prepaid up to the port of arrival
On EXW the Seller is not required to load the goods onto the Buyer's arranged carrier while on FCA it is mandated to do so making it easier for the Buyer to manage from a distance when using FCA.
EXW mandates the Buyer to clear the customs while FCA dictates that the Seller has this responsibility. In order to clear customs most countries require a local business number. For instance, having a branch on the exporting country. This creates a problem if the Buyer cannot be the exporter of record and it was negotiated EXW.
All of the alternatives are good reasons to choose FCA instead of EXW..
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