Class WorkIncoterms Scenarios and Export Price calculation $-$ Cost plus methodI. INCOTERMS $2020(20$ marks $)$Use the scantron card to answer the following questions:You have been recently employed by Best Buy, Toronto Canada as a junior Import Manager.You have to import computers and TV$$s$,$ from Nanjing Electronics Company, China. You are incharge for the negotiations with your supplier and also the logistics$.$Shipping Instructions:$$ The goods are to be shipped in a $20$ container from $$Nanjing Electronics Co$.$ by$$Nanjing Trucking$$ to the Port of Shanghai China, where they will be loaded on the shipfor ocean voyage to the Port of Seattle Washington U$.$S$.$A$.$ From the Port of Seattle Washington USA, the goods will be transported by $$US PacificRailway$,$ crossing the US$-$Canada Border, to a Mississauga ON warehouse.$$ From Mississauga warehouse, the goods will be brought by $$DHL Trucking$$ to the BestBuy Toronto warehouse.BASED ON THE BELOW NEGOTIATIONS, YOU HAVE TO DECIDE WHICH IS THEMOST SUITABLE INCOTERM FOR EACH CIRCUMSTANCE$\mathrm{.}1.$ You $($buyer$)$ want the exporter to deliver the goods to Mississauga warehouse. You$($ buyer$)$ will arrange for insurance, and risk will be transferred when the goods aredelivered to $$Nanjing Trucking$.$a$)$ CPTb$)$ CIPc$)$ DDPd$)$ DPUe$)$ FCA$2.$ You $($buyer$)$ want the goods delivered beside the ship in the port of Shanghai China,, whereyou will accept all risk for the goods and pay for all transportation costs from the port ofShanghai China, to the $$Best Buy$$ Toronto warehouse.a$)$ FOBb$)$ FASc$)$ DPU$1$

d$)$ DAPe$)$ DDP$3.$ You $($buyer$)$ want the exporter to deliver the goods not insured to the Port of SeattleWashington. You will assume all risk after the goods are being loaded on the ship, in the portof Shanghai China.a$)$ CIFb$)$ DPUc$)$ CFRd$)$ DAPe$)$ FCA$4.$ You $($buyer$)$ want the goods delivered to $$Nanjing Trucking$$ in Nanjing China. You willaccept risk for the goods once they are in possession of $$Nanjing Trucking$$ and you willpay and make the necessary arrangements to bring them to $$Best Buy$$s$$ Torontowarehouse.a$)$ CIFb$)$ CPTc$)$ CIPd$)$ FCAe$)$ CFR$5.$ You $($buyer$)$ want the goods delivered by exporter, insured to Mississauga ONWarehouse, but you will assume risk for them once they are given to $$Nanjing Trucking$$in Nanjing China.a$)$ CIPb$)$ FCAc$)$ FOBd$)$ DPUe$)$ DAP$6.$ You $($buyer$)$ want the goods delivered loaded to Mississauga ON Warehouse, where youwill assume all costs and risks. You will pay for unloading and subsequent delivery toBest Buy$$s Toronto warehouse.a$)$ CIFb$)$ FCAc$)$ DPUd$)$ DAPe$)$ DDP$7.$ You $($buyer$)$ want the goods delivered to Best Buy$$s Toronto warehouse, where you willassume risk for them. The exporter will account for goods to Custom and pay for duties.a$)$ ExWb$)$ FCAc$)$ DPUd$)$ DAP$2$

e$)$ DDP$8.$ You $($buyer$)$ want the goods delivered loaded on the ship in the Port of Shanghai China.You will pay and take responsibility for the goods after they are being loaded on the shipand make arrangements to bring them to Best Buy Toronto warehouse.a$)$ FOBb$)$ DATc$)$ FCAd$)$ DPUe$)$ CFR$9.$ You $($buyer$)$ will accept risk for the goods unloaded, at a deconsolidation warehouse atUS Pacific Railway, USA from where you will arrange and pay for their delivery to BestBuy Toronto warehouse.a$)$ FOBb$)$ CIFc$)$ CFRd$)$ DAPe$)$ DPU$10.$ You $($buyer$)$ want the exporter to deliver the goods insured to Seattle Port, WashingtonUSA. You will accept all risks as soon as they are loaded on the ship in Port of ShanghaiChina.a$)$ FOBb$)$ CPTc$)$ CIFd$)$ DPUe$)$ DAP