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As a young entrepreneur in Gauteng you have been undertaking research on the internet and have discovered a niche in the market for home office productivity improvement products. You have contacted three suppliers in Hong Kong who have agreed to supply you with various of their products. You have placed an initial order on Supplier A for 10 cases, Supplier B 25 cases and Supplier C 35 cases. The suppliers have agreed to pack their various products into cardboard boxes with the following measurements: Length 600 mm; Width 300 mm and Height 745mm and an average weight of 10 kg per carton. The total value of the three orders totals R210,000 and you have, with the assistance of your family, arranged for the necessary finance. As the products are of a delicate nature, you have decided to consolidate and containerise the three orders and to ship by sea as to save cost and ensure save delivery. In implementing your first import transaction, you need to formulate your import logistics plan by detailing the following: QUESTION 1 Which Incoterm are you recommending and give the reasons why. QUESTION 2 Which type of payment will you negotiate with the sellers in Hong Kong? Discuss in detail. QUESTION 3 Choose and discuss the type of contract of carriage that would be appropriate for the shipment. QUESTION 4 Supply a detailed list, with a brief discussion of the documents required for this specific shipment.

As a young entrepreneur in Gauteng you have been undertaking research on the internet and have discovered a niche in the market for home office productivity improvement products. You have contacted three suppliers in Hong Kong who have agreed to supply you with various of their products. You have placed an initial order on Supplier A for 10 cases, Supplier B 25 cases and Supplier C 35 cases. The suppliers have agreed to pack their various products into cardboard boxes with the following measurements: Length 600 mm; Width 300 mm and Height 745mm and an average weight of 10 kg per carton. The total value of the three orders totals R210,000 and you have, with the assistance of your family, arranged for the necessary finance. As the products are of a delicate nature, you have decided to consolidate and containerise the three orders and to ship by sea as to save cost and ensure save delivery. In implementing your first import transaction, you need to formulate your import logistics plan by detailing the following: QUESTION 1 Which Incoterm are you recommending and give the reasons why. QUESTION 2 Which type of payment will you negotiate with the sellers in Hong Kong? Discuss in detail. QUESTION 3 Choose and discuss the type of contract of carriage that would be appropriate for the shipment. QUESTION 4 Supply a detailed list, with a brief discussion of the documents required for this specific shipment.

Management, Loose-Leaf Version
Management, Loose-Leaf Version
13th Edition
ISBN:9781305969308
Author:Richard L. Daft
Publisher:Richard L. Daft
Chapter19: Managing Quality And Performance
Section: Chapter Questions
Problem 10DQ
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Incoterms being incoterms 2020 Contracts of carriage being the types of bill of lading
As a young entrepreneur in Gauteng you have been undertaking research on the internet and have discovered a niche in the market for home office productivity improvement products. You have contacted three suppliers in Hong Kong who have agreed to supply you with various of their products. You have placed an initial order on Supplier A for 10 cases, Supplier B 25 cases and Supplier C 35 cases. The suppliers have agreed to pack their various products into cardboard boxes with the following measurements: Length 600 mm; Width 300 mm and Height 745mm and an average weight of 10 kg per carton. The total value of the three orders totals R210,000 and you have, with the assistance of your family, arranged for the necessary finance. As the products are of a delicate nature, you have decided to consolidate and containerise the three orders and to ship by sea as to save cost and ensure save delivery. In implementing your first import transaction, you need to formulate your import logistics plan by detailing the following: QUESTION 1 Which Incoterm are you recommending and give the reasons why. QUESTION 2 Which type of payment will you negotiate with the sellers in Hong Kong? Discuss in detail. QUESTION 3 Choose and discuss the type of contract of carriage that would be appropriate for the shipment. QUESTION 4 Supply a detailed list, with a brief discussion of the documents required for this specific shipment.
Transcribed Image Text:As a young entrepreneur in Gauteng you have been undertaking research on the internet and have discovered a niche in the market for home office productivity improvement products. You have contacted three suppliers in Hong Kong who have agreed to supply you with various of their products. You have placed an initial order on Supplier A for 10 cases, Supplier B 25 cases and Supplier C 35 cases. The suppliers have agreed to pack their various products into cardboard boxes with the following measurements: Length 600 mm; Width 300 mm and Height 745mm and an average weight of 10 kg per carton. The total value of the three orders totals R210,000 and you have, with the assistance of your family, arranged for the necessary finance. As the products are of a delicate nature, you have decided to consolidate and containerise the three orders and to ship by sea as to save cost and ensure save delivery. In implementing your first import transaction, you need to formulate your import logistics plan by detailing the following: QUESTION 1 Which Incoterm are you recommending and give the reasons why. QUESTION 2 Which type of payment will you negotiate with the sellers in Hong Kong? Discuss in detail. QUESTION 3 Choose and discuss the type of contract of carriage that would be appropriate for the shipment. QUESTION 4 Supply a detailed list, with a brief discussion of the documents required for this specific shipment.
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