Determine the buyer’s and seller’s responsibility in a commercial transaction. Unvergleichbar Gesellschaft AG, based in Bremen, Germany buys raw diamonds from Diamants Stornoway based in Longueuil, QC, under the following terms: Terms of sale: DPU Flughafen Frankfurt am Main, Deutschland, Incoterms 2020: a)In that situation who is obligated to purchase cargo insurance for the cargo?
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Determine the buyer’s and seller’s responsibility in a commercial transaction.
Unvergleichbar Gesellschaft AG, based in Bremen, Germany buys raw diamonds from Diamants Stornoway based in Longueuil, QC, under the following terms:
Terms of sale: DPU Flughafen Frankfurt am Main, Deutschland, Incoterms 2020:
a)In that situation who is obligated to purchase cargo insurance for the cargo?
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- Determine the buyer’s and seller’s responsibility in a commercial transaction. Unvergleichbar Gesellschaft AG, based in Bremen, Germany buys raw diamonds from Diamants Stornoway based in Longueuil, QC, under the following terms: Terms of sale: DPU Flughafen Frankfurt am Main, Deutschland, Incoterms 2020: a)The buyer asks for a last minute change before approving the transaction. He no longer wants to clear the shipment at German customs, want the diamonds to be delivered at DHL warehouse in Bremen. How should Incoterms be modified so as to reflect those changes?Coca-Cola is sold worldwide. In some countries, Coca-Cola owns the bottling facilities; in others, it has signed contracts with licensees or relies on joint ventures. When selecting a licensee in each country, what factors should Coca-Cola consider? (from Chapter 6)Sportswear manufacturers, Caribbean Premium Sportwear (CPS), signed a contract with a top Trinidadian footballer in terms of which they would pay him a substantial amount of money to wear only their brand of clothing, which they promised to provide to him free of charge. The contract does not specify the date of delivery. Answer the following questions based on the above facts: A. Two months after entering into the contract CPS has not yet delivered the clothing. Have they breached the contract? Explain in full. B. In the event of CPS being in breach of contract, advise the footballer as to the legal remedies available to him, with specific emphasis on what he has to prove in order to succeed in his claim.
- Global Crossing The company was founded in 1997 to provide a trans-Atlantic cable to carry telephone and data traffic. Using high-bandwidth optical fiber, the company was able to sell capacity at less than half the price of existing competitors. After six months of operations, Global Crossing offered stock to the public, and the resulting price valued the firm at an astounding $19 billion. Six months later it was valued at $38 billion, more than the Ford Motor Company. The cable technology was not proprietary and data-carrying capacity was a commodity. That meant that customers could easily switch from one supplier to another, putting them in a powerful bargaining position. Furthermore, customers were price-sensitive. Even worse, the threat of entry was high, and other companies were entering the business, fueled by easy financing. High fixed costs but near-zero marginal costs (the cost to carry one more piece of data) led to fierce price competition within the industry. As new…Consider Directors Jack is one of 4 directors of Electric Cars Ltd; the company imports green, environmentally friendly vehicles from a sole supplier Acheron Ltd in the UK. Every year the contract between Electric Cars Ltd and Acheron is renegotiated however this year, Acheron indicate to Jack they want to expand their business in New Zealand and include electric bikes. Jack tells the other directors that Electric Cars is reducing their business in New Zealand but secretly incorporates another company. Jack and his wife are the directors of the new company and it takes 50% of Electric cars business and takes up the opportunity to sell electric bikes as well. Jack resigns from Electric cars. The other directors realise that business is suddenly declining and discover that Jack’s new company is taking their business. With reference to directors 1. Explain to Jack – who is eligible to be a director of a company in New Zealand? a. Would your answer be different…Telestar International On November 15, 1998, the Department of Energy Resources awarded Telestar a $475,000 contract for the developing and testing of two waste treatment plants. Telestar had spent the better part of the last two years developing waste treatment technology under its own R&D activities. This new contract would give Telestar the opportunity to “break into a new field”, that of waste treatment. The contract was negotiated at a firm-fixed price. Any cost overruns would have to be incurred by Telstar. The original bid was priced out at $847,000. Telestar’s management, however, wanted to win this one. The decision was made that Telstar would “buy in” at $475,000 so that they could at least get their foot into the new marketplace. The original estimate of $847,000 was very “rough” because Telestar did not have any good man-hour standards, in the area of waste treatment, on which to base their manhour projections. Corporate management was willing to spend up to $400,000 of…
- Advances in biological technology have enabled two research companies, Bio Labs, Inc. and Scientific Associates, to develop an insect-resistant corn seed. Neither company is financially strong enough to develop the distribution channels necessary to bring the product to world markets. World Agra Distributors, Inc. has negotiated contracts with both companies for the exclusive right to market their seed. Bio Labs signed an agreement to receive an annual royalty of $1,000,000. In contrast, Scientific Associates chose an agreement that provides for a royalty of $0.50 per pound of seed sold. Both agreements have a 10-year term. During Year 1, World Agra sold approximately 1,600,000 pounds of the Bio Labs, Inc. seed and 2,400,000 pounds of the Scientific Associates seed. Both types of seed were sold for $1.25 per pound. By the end of Year 1, it was apparent that the seed developed by Scientific Associates was superior. Although insect infestation was virtually nonexistent for both types of…Mara Travel influencers has entered into a social media influencer partnership with Namibian Amazing views group as an influencer to market the lodges of the travel company . Both parties have signed an unamendable agreement. On the 1st of January 2020 the terms of the partnership are as follows: -Mara is to visit all of the lodges under the Namibian Amazing views group. -While at the lodge, Mara is to take pictures of the lodge and post on her social media platforms. -Mara is to film a YouTube video of the lodges, touring the lodge and the activities available at the lodge as well as giving an overall review of the lodge, customer service and the experience. Should Mara not visit the lodge, she may request pictures and videos of the lodge from the marketing team to post to her social media platform. Namibian Amazing views is to make the following payments to Mara Travel Influencers upon completion of the tasks required above: -An upfront payment of N$20 000 paid upon signing of the…In order to suppress the spread of a viral disease, the government has resorted to nonpharmaceutical interventions (NPIs) that restrict the mobility of individuals such as quarantine and lockdown. Provide an economic framework, based on private and social benefits and costs that could guide the government in selecting the appropriate form and level of NPI. In the absence of a highly contagious disease, an individual engaging in activity x does not externalize any cost to others. In the presence of the disease, then an infected individual can transmit the disease to others during the performance of his or her activities. Suppose that there are three kinds of individuals: the uninfected, the infected and symptomatic, and the infected but asymptomatic. Would there be differences in the marginal social benefit of restricting activity for the three individuals? If yes, how are they different from each other?
- In an international trade, Green Trade Co. is selling 40,000 mts of grain to Mersin Dış Ticaret A.Ş.. In the sale contract an Incoterms from 2020 series is agreed. According to the Incoterm, Green Trade Co. is responsible from production costs, pre-carriage to loading port, customs clearance, loading of the ship, insurance and freight. Mersin Dış Ticaret A.Ş is responsible from unloading costs occurred at the destination port, customs clearance, duties and on-carriage. In accordance with sales agreement, the party who is responsible from carriage of cargo charters a vessel. According to the charter contract, cargo will be loaded at Port of Portland, USA and will be discharged at Port of Mersin. Upon loading, a negotiable document is prepared and delivered to the relevant party. On the way to discharging port, some of the cargo in one hold is damaged. When the vessel arrives to the discharging port, Mersin Dış Ticaret A.Ş. goes to the agent of the ship to deliver the cargo.…This case describes a hypothetical situation faced by a fictitious international conglomerate, ICL, that intends to enter the retail grocery market in Hong Kong. The conglomerate's interest in the Hong Kong supermarket industry was initially kindled by the plan of Hutchison Whampoa, Ltd. (HWL) to sell its leading supermarket chain PARKnSHOP in August 2013. However, in October 2013, HWL reversed course and decided not to sell PARKnSHOP, saying that the sale would not deliver maximum value to its shareholders. Before embarking into new territory, ICL wanted an in-depth understanding of the Hong Kong grocery market environment, competitors, and potential barriers to entry. The conglomerate was aware that the new Competition Law, which was expected to take effect in 2015, might have profound implications on the grocery market landscape in Hong Kong. Case Study Question. 1. Should the international conglomerate enter the retail grocery market in Hong Kong? If so, what could it do to…This case describes a hypothetical situation faced by a fictitious international conglomerate, ICL, that intends to enter the retail grocery market in Hong Kong. The conglomerate's interest in the Hong Kong supermarket industry was initially kindled by the plan of Hutchison Whampoa, Ltd. (HWL) to sell its leading supermarket chain PARKnSHOP in August 2013. However, in October 2013, HWL reversed course and decided not to sell PARKnSHOP, saying that the sale would not deliver maximum value to its shareholders. Before embarking into new territory, ICL wanted an in-depth understanding of the Hong Kong grocery market environment, competitors, and potential barriers to entry. The conglomerate was aware that the new Competition Law, which was expected to take effect in 2015, might have profound implications on the grocery market landscape in Hong Kong. Case Study Questions Analyze the competitive environment of the supermarket industry in Hong Kong and the competitive response of the two…
