Question: 1 . Capino needs an emergency replacement of a batch of bikes. As the bikes are under warranty, Bike - Me , Inc. has agreed
Capino needs an emergency replacement of a batch of bikes. As the bikes are under warranty, BikeMe Inc. has agreed to pay for the shipping, customs clearance, and any duty into Belgium.
Incoterm: DDP Delivered Duty Paid
BikeMe Inc. is shipping a special bike order to Capino. The bike order is too large to fit into a container. BikeMe Inc. has agreed to pay for the freight and insurance to Wevelgem, but not clear the goods through customs.
Incoterm: CFR Cost and Freight
For a special shipment, Capino has appointed its own freight forwarder to handle an air shipment. BikeMe Inc. has agreed to get the shipment to the Charlotte Airport. BikeMe Inc. will clear the goods for export.
Incoterm: CPT Carriage Paid To
BikeMe Inc. is shipping boxes of spare bike parts to Capino. Each box measures X X BikeMe Inc. has agreed to pay for the freight and insurance to Wevelgem, but not clear the goods through customs.
Incoterm: CFR Cost and Freight
BikeMe Inc. is shipping a special bike order to Capino. The order is too large to fit into a container. BikeMe Inc. has agreed to pay for the freight and insurance to Wilmington but not loaded onto a ship.
Incoterm: FCA Free Carrier
Assume BikeMe Inc. opens a subsidiary in Wevelgem with a warehouse. Due to extensive shipping connections, the Belgium subsidiary will be responsible for all freight, insurance, and custom charges. It will also clear the goods for export.
Incoterm: DAP Delivered at Pace
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