国贸双语练习.docVIP

Exercises Trade terms 1. Two trading partners agree on the sale of goods that are to be transported by air freight. The goods are subject to import duty. By agreeing on an Incoterm, what are they agreeing on? Who pays for getting the goods from the seller to the airfreight terminal Who pays for the airfreight Who pays for import duty and arranges for customs clearance When title to the goods passes to buyer If the goods are damaged in transit, who is responsible for replacing them and/or claiming on the insurance 2. Suppose that you are an importer based in London (UK), and you are comparing price lists from three suppliers. These three suppliers are all referring to the same quantity and specification of goods A Acme Products US$ 5000 CIP Heathrow B Baker Supplies US$ 5000 EXW Phoenix, AZ C Cheapo-choice US$ 5000 FCA Phoenix, AZ Answer these two questions. (1) Which of these is the best deal? CIP EXW FCA (2) Which of these is the worst deal? CIP EXW FCA 3. Suppose that you have three foreign suppliers, quoting for the same goods. Your warehouse is in Ashford, Kent (UK) There is import duty payable on the goods. A Acme Products US$ 5000 CIP Heathrow B Baker Supplies US$ 5000 DDP Ashford, Kent C Cheapo-choice US$ 5000 DAT Ashford, Kent Answer these two questions: (1) Which of these is the best deal? CIP DDP DAT (2) Which of these is the worst deal? CIP DDP DAT 4. V company exported goods of 15 M/T to a Singapore customer. The price was USD2500 per M/T FOB ZhanJiang. Shipment was in October with container transportation. The company received the shipping notice from the buyer on 16th October. In order to ship in time, the staff of the company stored the goods in warehouse of Zhanjiang wharf on 17th October. But the goods suffered total loss due to fire in the warehouse at the same day night. Who should