Question: You have been recently employed as a junior Import Manager, by Oblio International Ltd . , at their showroom situated in Richmond Hill, ON Canada.
You have been recently employed as a junior Import Manager, by Oblio International Ltd at their showroom situated in Richmond Hill, ON Canada. Your main duty is to start to import furniture from a new and trendy manufacturer, Uches Furniture Factory, situated in Abuja, Nigeria. You are in charge for the negotiations with your supplier and the logistics
c
Shipping Instructions:
The goods are to be shipped in a container from Uches Furniture Factory by Roys Trucking Company to the Port of Lagos Nigeria, where they will be loaded on the ship SS Formosa for ocean voyage to the Port of Philadelphia USA
From the Port of Philadelphia USA the goods will be transported by Canadian Pacific Railway crossing the USCanada Border, to Toronto Intermodal Terminal, warehouse.
From Toronto Intermodal Terminal warehouse, the goods will be brought by DHL Trucking to Oblio International Ltds new showroom in Richmond Hill ON Canada.
As you know by now, there are options Incoterms which establish the duties responsibilities costs and risk between the buyer and seller, in each exportimport transaction.
A Based on the below scenarios you must identify the most suitable Incoterm described in each scenario.
B Please record beside the chosen incoterm the place where the good are switched from the seller to the buyer
You buyer want the goods delivered beside the ship in the port of Lagos Nigeria, from where you will accept all risk for the goods and pay for all transportation costs from the port of Lagos Nigeria to your, Oblio International Ltds warehouse, in Richmond Hill, ON Canada.
FOB
DPU
DDP
DAP
FAS
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
