1. If goods are being delivered under E terms who pays for the main carriage? Buyer 2....
Question:
1. If goods are being delivered under E terms who pays for the main carriage? Buyer
2. A delivery from Toronto to an inland point in France includes the following charges:
• Inland (at both ends) $200.00 per container
• Local delivery (at both ends) $250.00 per container
• Main carriage $4,000.00
How much must be paid by the buyer under “F” Terms? $4450.00
3. A seller in Montreal is shipping to the Port of Rotterdam and has a contract for main carriage of $3,000.00 per container. The buyer has a contract for $5,000.00 per container. Which Group (E, F, C, D) should be used?
Group C
4. Under D terms “foreign port”, who is responsible for the inbound local delivery (on carriage) to the customer, the seller or buyer? Seller
5. Under C terms the main risk for loss or damage is:
a. Assumed by the carrier
b. Assumed by the seller
c. *Assumed by the buyer
d. Shared by the seller and buyer
6.If goods are being delivered under C terms when does delivery happen?
Upon delivery to main carrier (at port or terminal of departure)
7. Use the chart below to determine costs to the seller and buyer under E, D, F, C Terms.
From the factory to the distribution terminal | Local delivery by small truck | $150 |
From the terminal to the port | Inland by rail | $3000 |
From the port overseas to the foreign port | Main carriage by marine vessel | $6500 |
From foreign port to terminal in foreign city | Inland by truck | $75 |
From terminal in foreign city to customer | Local delivery by truck | $50 |
Total Costs | $9775.00 |
Seller | Buyer | |
EXW Terms | $ 0.00 | $ 9775.00 |
DAP Terms | $ 9775.00 | $ 0.00 |
FOB Terms | $ 3150.00 | $6625.00 |
CIP Terms | $ 9650.00 (plus insurance) | $125 |
SHIPMENT A | SHIPMENT B | |
Origin: Shipper’s Plant | Sherbrooke, Quebec | Taipei, Taiwan |
Terminal & customs | Quebec City, Quebec | Taipei, Taiwan |
Port – seller’s side | Halifax, NS | Kaohsiung, Taiwan |
Port - buyer’s side | Le Havre, France | Vancouver, B.C. |
Terminal & customs | Paris, France | Victoria, B.C. |
Destination: Buyer’s warehouse | Lyons, France | Nanaimo, B.C. |
Expert Answer:
Question 1 Answer At the sellers premises the seller or exporter makes the items available to the customer or importer As soon as the goods are acquired and left outside the factory door the customer ... View the full answer
