ITT Exercises - Freight Transportation.pdf

Terms of sale dap avda grecia 60 calama chile

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Terms of sale: DAP, Avda. Grecia 60, Calama, Chile, Incoterms ® 2010 50 tonnes, 60 m 3 Terms of delivery: ocean freight: three 20-ft ocean containers via Antofagasta, Chile Terms of payment: open account, net 60 days a) Who selects the freight forwarder and pays the ocean freight charges? Buyer Seller b) Who is responsible for arranging and paying for the container placement at the supplier’s door ? Buyer Seller c) Who is responsible for paying the terminal charges at the Port of Antofagasta, Chile of US $300.00? Buyer Seller d) One of the trucks carrying a container overturns on the road between Antofagasta and Calama. Some of the zinc is lost when the container bursts open. Who bears the risk of this loss? Buyer Seller e) Who is responsible for the cost of unloading the containers at the door at Calama? Buyer Seller
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Questions Terms of Trade Page | 189 2017 Exercise 6.4 (Question) 1. You are employed by SR Exports, Kelowna, B.C. Your company is going to export plumbing supplies to Wet Works Inc. in Osaka, Japan. Shipping instructions as follows: x The goods are to be shipped from SR Exports by CF Trucking (175 Apple Ave., Kelowna, B.C.) to Vancouver Airport, loaded onto a flight to Los Angeles, U.S.A. x From LAX, the goods will be loaded on to a JAL flight to Tokyo x From Tokyo Airport, H.K. Trucking will deliver the goods to Wet Works Inc., 1200 Kawasaki Street, Osaka. The buyer has asked that you quote prices under various alternatives. What complete Incoterms ® 2010 would apply for the following scenarios? a) The buyer wants you to deliver the goods to Osaka, where he will assume risk for the goods, account for them to customs, and pay duties and taxes. 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. 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 onto CF Trucking’s trailer. 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. 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.
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Questions Terms of Trade Page | 190 2017 Exercise 6.5 (Question) 1. You are employed by Crepes Ltee., Chicoutimi, PQ, 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.
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  • Fall '18
  • Jane Smith
  • freight forwarder, Commercial item transport and distribution, CIFFA, Ocean Transportation Intermediary

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