Question: this year benson inc INCOTERMS Question John is comparing prices for an order for 285 bicycles from three (3) different Australian suppliers. (The 285 bicycles

this year benson inc

INCOTERMS Question John is comparing prices for an order for 285 bicycles from three (3) different Australian suppliers. (The 285 bicycles will fill a 20-foot container.) The problem is that the three (3) firms have not quoted prices the same way. Firm A quoted EXW Murray Bridge, Australia at USD 127,50 each. Firm B quoted FOB Port Adelaide, Australia at USD 125,73 each. Firm C quoted CIF Vancouver, Canada at USD 129,00 each. He is trying to compare the three prices and figure out what he is getting under each of the three terms. Hauling the container from the factory in Murray Bridge, Australia to the container port at Port Adelaide, Australia, and getting it loaded onto the ship will cost AUD 672,00. (The current exchange rate is (USD per AUD) 0,73. At the moment the USD is worth more than the AUD.) Ocean freight from Port Adelaide, Australia to Vancouver, Canada is USD 1.180,00 per 20- foot container. For a shipment of this value, insurance is USD 206,00. Which supplier offers the best deal

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