ITT Exercises - Freight Transportation.pdf

B the buyer wants the goods delivered insured to

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b) The buyer wants the goods delivered, insured, to Tokyo, but he is willing to assume risk for the goods once they are given to CF Trucking in Kelowna. CIP, Freight Terminal, Tokyo, Incoterms ® 2010. c) The buyer wants you to deliver the goods to Tokyo. The buyer will make his own insurance arrangements, and is willing to assume risk for the goods once they are loaded on to CF Trucking’s trailer. CPT, Freight Terminal, Tokyo, Incoterms ® 2010. d) The buyer wants you to deliver the goods to CF Trucking in Kelowna. The buyer will accept the risk and cost for the goods once they are in the possession of CF Trucking and will make all the necessary arrangements to bring them to Osaka. FCA, CF Trucking, 175 Apple Ave., Kelowna, B.C., Incoterms ® 2010. e) The buyer wants you to deliver the goods to JAL at Vancouver International where he will accept the risk and cost for the goods and make the necessary arrangements to transport the goods to Tokyo and beyond. FCA, JAL Airlines, Vancouver International, Incoterms ® 2010.
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Answers Terms of Trade Page | 201 2017 Exercise 6.5 (Answer) 1. You are employed by Crepes Ltee., Chicoutimi, QC, in the international sales department. You are exporting maple syrup to Waffles Restaurants in Birmingham U.K.. They have ordered a full container of maple syrup for their restaurant chains. Routing Instructions: x Radisson Transport Ltee. delivers the container from your factory to Racine Terminals, Port of Montreal. x Eurolines moves the container from the Port of Montreal to the Port of Liverpool, on-board the vessel, Noble Venture, Voyage #305E, Dock No. 56. x Crumpets Trucking will deliver the container to Waffles Restaurant, Distribution Centre, 345 Rose Street, Birmingham, U.K.. The U.K. purchasing agent has asked that you quote the U.K. with prices under various conditions. For each scenario below, provide the correct Incoterms ® 2010 that is to appear on the invoice. a) Waffles Restaurants will make all transport arrangements and assume risk for the goods once they have been loaded into the container at your factory. FCA, Crepes Ltee., 71 High Street, Chicoutimi, QC, Radisson Transport Ltee., Incoterms ® 2010. b) Waffles Restaurants wishes that you deliver the goods to the Port of Liverpool, however, Waffles Restaurants will assume risk for the goods once they are loaded into the container. CPT, Liverpool Terminal (or Port of Liverpool),Dock No. 56, Incoterms ® 2010. c) Waffles Restaurants asks that you deliver the goods to their distribution centre in Birmingham. At this point, Waffles Restaurants will assume risk for the goods, and account for them to U.K. Customs. DAP, Waffles Restaurants, Distribution Centre, 345 Rose Street, Birmingham, U.K., Incoterms ® 2010.
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Answers Terms of Trade Page | 202 2017 d) Waffles Restaurants asks that you make the goods available for pick up at your dock, where they will assume risk for the goods and arrange all transportation costs.
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  • Fall '18
  • Jane Smith
  • freight forwarder, Commercial item transport and distribution, CIFFA, Ocean Transportation Intermediary

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