Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using your knowledge of Incoterms, please identify the correct Incoterm (e.g. FOB, CIF, FCA) for each scenario: A transaction wherein an American seller is to
Using your knowledge of Incoterms, please identify the correct Incoterm (e.g. FOB, CIF, FCA) for each scenario:
- A transaction wherein an American seller is to transport the goods by sea from the port of Oakland, California to Vancouver, Canada and the Canadian buyers ole obligations are to arrange for import clearance and purchase insurance against loss from the moment the goods cross the ships rail.
- A transaction wherein a Greek buyer seeks to impose all obligations on the French seller, including export clearance, the cost of insurance, transportation of the goods by sea from Marseille, France, and import clearance at Piraeus, Greece, the port of destination.
- A transaction wherein an American seller is to deliver the goods on board a ship in New York and arrange for export clearance for ultimate shipment to Rio de Janeiro with the Brazilian buyer responsible for contracting with the carrier, the cost of obtaining insurance and obtaining import clearance.
- A transaction wherein a Dutch seller wishes to limit its obligations to notification of the American buyer that the goods are available for pickup at the sellers warehouse in Antwerp, Netherlands.
- A transaction wherein a Mexican seller is to contract for motor carriage of the goods, deliver the goods to another motor carrier for transport across the U.S. boarder, pay unloading and loading costs, arrange for export clearance and obtain insurance on the U.S. buyers behalf for final delivery to Phoenix, Arizona.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started