Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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 12 options:
The seller must arrange and pay for marine insurance
It is a marine bulk shipment
The seller must arrange and pay for main-carriage
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..

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project management

Authors: Harvey maylor

4th Edition

027370432X, 978-0273704324

More Books

Students also viewed these General Management questions

Question

Repeat Probs. 18.1 through 18.3 using the Lagrange polynomial.

Answered: 1 week ago