CFR – Cost and Freight … (named port of destination) • In CFR the seller clears goods for exports and delivers when goods are on board. • The seller pays for freight to transport the goods until the final port of destination. However, the risk transfer occurs when goods are on board. • This term […]
DDP – Delivery Duty Paid … (Place of Destination) • The seller does not pay for unloading the goods. It is important to mention the exact name of the place of destination. • This term can be used for any mode of transportation including multimodal. • The term is used under the assumption that the […]
DAT – Delivery at Terminal … (Place of Destination) • The seller clears the goods for exports and is responsible until the goods have arrived at named terminal on destination. • Terminal can be understood as quay, warehouse, container yard or any road for rail, air or road. • The goods must be unloaded and […]
DAP – Delivery at … (Place of Destination) • The sellers is responsible for moving the goods from origin until their delivery at the disposal place agreed with the buyer ready for unloading at destination. • It is recommended to agree in the point of destination as clear as possible. • The seller bears the […]
CPT – Carriage paid to … (Place of Destination) • The seller clears goods for exports and delivers to the nominated carrier at the agreed place of shipment at origin. • In this point, the risk is transferred to the seller. • The seller is responsible for contracting and paying the main carriage until the […]
CIP – Carriage and Insurance paid to … (Place of Destination) • The seller clears the goods for export and is responsible for deliver the goods at the agreed place of shipment. • The seller must pay the cost of carriage, but seller’s risk ends at place of shipment. • The seller must procure the […]
CIF – Cost, Insurance and Freight paid to … (Port of Destination) • The seller clears the goods at origin places the cargo on board and pays for insurance until port of discharge at minimum cover. • Even though the seller pays for insurance during the main carriage, the risk is transferred to the buyer […]
FOB – Free on Board … (Port of Shipment) • The seller clear the goods for exports and delivers when the goods have passed the ship’s rail at the agreed port. • Only used for water transportation either sea or inland water. If both parties do not agree to have goods delivered on board, then […]
QUESTION 1 a) i. Define the meaning of strength and weakness of the organization. (4 marks) ii. Describe the following external factors that affecting the company. ( marks) a. Competitive analysis (2 marks) b. Environmental analysis (2 marks) c. Profitability (2 marks) b) Identify any FIVE (5) factors that are required before export and import […]
FAS – Free Alongside Ship … (Port of Shipment) • The seller clears the goods for export and delivers them alongside side the vessel at port of origin. • The seller is responsible for all cost and risk to the goods up to point of delivery. This terms applies only for ocean or inland waterway […]