Gui SV Incoterms 2020 practice 1 - Tài liệu tham khảo | Đại học Hoa Sen
Gui SV Incoterms 2020 practice 1 - Tài liệu tham khảo | Đại học Hoa Sen và thông tin bổ ích giúp sinh viên tham khảo, ôn luyện và phục vụ nhu cầu học tập của mình cụ thể là có định hướng, ôn tập, nắm vững kiến thức môn học và làm bài tốt trong những bài kiểm tra, bài tiểu luận, bài tập kết thúc học phần, từ đó học tập tốt và có kết quả
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10/20/22 IMPORT – EXPORT AND INTERNATIONAL PAYMENT
Mr. CHÂU THẾ HỮU – MBA
International Business Administration Department 0907 414 021 chauthehuu@gmail.com IMPORT – EXPORT AND INTERNATIONAL PAYMENT CHAPTER 1
OVERVIEW OF EXPORT – IMPORT
AND LEGAL FRAMEWORK FOR
INTERNATIONAL SALES CONTRACT 1 10/20/22 PRACTICE INCOTERMS®2020 and other versions
1. Incoterms identification
• Look at the descriptions and decide which
Rule of Incoterms®2020 each description is about 2 10/20/22
1. Incoterms identification 1 5 9 2 6 10 3 7 11 4 8 12
1. Incoterms identification
1. Seller is responsible for delivering the
goods to the named place in the country of
the buyer. Seller pays all costs in
delivering to the foreign destination
including import duties and taxes. à… à DDP 3 10/20/22 1. Incoterms identification
2. Seller must pay the costs and freight to
bring the goods to the port of destination.
Risk is transferred to the buyer once the
goods are loaded on the vessel. Maritime
transport only and Insurance for the goods is NOT included. à… à CFR 1. Incoterms identification
3. The containerized transport/multimodal
equivalent of CIF. Seller pays for carriage
and insurance to the named destination
point, but risk passes when the goods are
handed over to the first carrier. à… à CIP 4 10/20/22 1. Incoterms identification
4. Seller pays for carriage to the named
place, except for costs related to import
clearance, and assumes all risks prior to
the point that the goods are ready for unloading by the buyer. à… à DAP 1. Incoterms identification
5. The seller pays for carriage to the named
place of destination. Risk transfers to
buyer upon handling goods over to the first carrier. à… à CPT 5 10/20/22 1. Incoterms identification
6. Seller must pay the costs and freight AND
insurance to bring the goods to the port of
destination. Maritime transport only. à… à CIF 1. Incoterms identification
7. Seller loads the goods onto the vessel as
instructed by the buyer. Seller c lears the
goods for export. This rule applies to
maritime and inland waterway transport
only but NOT for shipping containers. à… àFOB 6 10/20/22 1. Incoterms identification
8. The Seller delivers and transfers risk to
the Buyer when the goods arrived at and
discharged by the Seller at the agreed place
of destination in the Buyer’s country. à … à DPU 1. Incoterms identification
9. The seller makes the goods available at
its premises. This rule places the
maximum obligation on the buyer and
minimum obligations on the seller. à… à EXW 7 10/20/22 1. Incoterms identification
10. Under this rule, risk of loss passes to
buyer when goods are placed alongside vessel used for transportation à… à FAS 1. Incoterms identification
11. The seller hands over the goods, cleared
for export, to the first carrier who is named
by the buyer, at the named place. The
seller pays for carriage to the named point
of delivery, and risk passes when the
goods are handed over to the first carrier. à … àFCA 8 10/20/22 2. Other questions
• Which 4 rules of Incoterms®2020 are applicable
for sea and inland waterways only? FOB CPT CIP DDP CIF DAP DPU FCA EXW CFR FAS 2. Other questions
• Which 4 rules of Incoterms ® 2010 are
applicable for sea and inland waterways only? FOB CPT CIP DDP CIF DAP DAT FCA EXW CFR FAS 9 10/20/22 2. Other questions
• Which 6 terms of Incoterms 2000 are applicable
for sea and inland waterways only? FOB CPT CIP DDP DEQ DES DDU FCA EXW DAF FAS CIF CFR 2. Other questions
• You receive an export order with the
Incoterm CFR New York Airport. How would you respond?
àThe use of CFR is not appropriate to air freight
shipments as it requires the issuing of a bill of
lading and for the goods to be loaded onto a ship.
àThe direct replacement multi-modal replacement for CFR is CPT. 10 10/20/22 2. Other questions
Read the text and decide which incoterm suits?
• Buyer: I have never imported any thing from abroad before
– and as a small company, I don’t have time or staff to
arrange this – and what if something went wrong? L
I just need this consignment here in time for the Easter
sales, and I know we can double the price we paid, if not
triple it. Give me a delivery date that is guaranteed, and I’ll be happy.
• Seller: As America’s premier supplier of cuddly fluffy white
rabbits and other soft toys, we deal with customers all over
the world. We market by Internet, and our added value
selling point is we arrange all the shipment details for our
clients, right up to their shop, office or storage facility. They
don’t worry, because we do everything for them. J 2. Other questions
• Read the text and decide which Incoterm suits? (cont) Answer: à DDP 11