1. A U.S. importer used the following trade terms when signed contracts with a foreign company....

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1. A U.S. importer used the following trade terms when signed contracts with a foreign company. Please analyze each term: right or wrong, if wrong please explain why it is wrong. (1) Price at $2.80/bushel, FOB Los Angeles (2) Price at $100/case, CFR Dalian, China (3) Price at $500/ton, FAS, Oakland, CA, US I (4) Price at $1000/ton, CFR Los Angeles, CA, US (5) Price at $10.00/lb, EXW Seller's Warehouse, Dalian, China (6) Price at $20.00/bushel, FCA Buyer's Warehouse, Reno, NV, US (7) Price at $4.00/box, EXW Chico, CA, US (7) Price at $4.00/box, EXW Chico, CA, US (8) Price at $25.00/case, FCA Tokyo, Japan (9) Price at $2.00/bushel, CIF, Dalian, China (10) (11) (12) Price at $3.00/case, CIF Chico, CA, US Price at $5/lb, CIP Buyer's warehouse, Redding, CA, US Price at $20/case, CIP London, UK (13) (14) (15) (16) (17) (18) (19) (20) Price at $10/1b, CPT Los Angeles, CA, US Price at $200/ton, CPT Tokyo, Japan; Price at $4/bushel, DAT Sacramento International Airport, CA, US Price at $5/1b, DAP Buyer's warehouse at Reno, NV, US Price at $4.00/bushel, DAP seller's warehouse, Vancouver, Canada Price at $5/1b, DAP Chico, CA, US Price at $10/case, DDP Reno, NV Price at $20/box, DDP Dalian, China 1. A U.S. importer used the following trade terms when signed contracts with a foreign company. Please analyze each term: right or wrong, if wrong please explain why it is wrong. (1) Price at $2.80/bushel, FOB Los Angeles (2) Price at $100/case, CFR Dalian, China (3) Price at $500/ton, FAS, Oakland, CA, US I (4) Price at $1000/ton, CFR Los Angeles, CA, US (5) Price at $10.00/lb, EXW Seller's Warehouse, Dalian, China (6) Price at $20.00/bushel, FCA Buyer's Warehouse, Reno, NV, US (7) Price at $4.00/box, EXW Chico, CA, US (7) Price at $4.00/box, EXW Chico, CA, US (8) Price at $25.00/case, FCA Tokyo, Japan (9) Price at $2.00/bushel, CIF, Dalian, China (10) (11) (12) Price at $3.00/case, CIF Chico, CA, US Price at $5/lb, CIP Buyer's warehouse, Redding, CA, US Price at $20/case, CIP London, UK (13) (14) (15) (16) (17) (18) (19) (20) Price at $10/1b, CPT Los Angeles, CA, US Price at $200/ton, CPT Tokyo, Japan; Price at $4/bushel, DAT Sacramento International Airport, CA, US Price at $5/1b, DAP Buyer's warehouse at Reno, NV, US Price at $4.00/bushel, DAP seller's warehouse, Vancouver, Canada Price at $5/1b, DAP Chico, CA, US Price at $10/case, DDP Reno, NV Price at $20/box, DDP Dalian, China

Answer rating: 100% (QA)

1 Right This means that the importer will pay 280 per bushel for the goods and that the foreign company will bear the cost of shipping the goods to Los Angeles 2 CFR is incorrect because it stands for ... View the full answer