1 A company exports a batch of cartons to the British merchant. The quotation is USD50.00 per...
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1 A company exports a batch of cartons to the British merchant. The quotation is USD50.00 per case CFR London. After that, the British merchant asked to quote FOBC2%. If we accept the British request, how much should we quote? It is known that each case of the goods is 45cm in length, 40cm in width, 25cm in height and 35kg in gross weight; the freight calculation standard is W / M, and the basic freight per ton is USD120.00, plus 20% fuel surcharge and 10% port surcharge.
2. An FOB contract stipulated, “The shipment will be effected in March 2013. If the vessel fails to arrive at the port of shipment on time, the seller agrees to set aside the goods for additional 27 days, and the buyer will bear all costs of delay. ”It turned out that under the seller's repeated requests, the vessel named by the buyer finally arrived at the port of shipment on May 1st. As a result, the seller refused to make the shipment.(1) Was the seller entitled to compensation for the warehouse rent, insurance and interest due to the delay?(2) If the seller had sold the goods to a third party on Apr. 25th,should the buyer pay for the delay?(3) If the seller had sold the goods to a third party on May 1th with a better price, was he entitled any compensation?
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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