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, Agro 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. Determine exporter and importer State which incoterm is agreed in the sale contract. Write the incoterm in appropriate way. Which document is prepared at loading port and delivered to whom? Which party deals with the damaged cargo and how the damage is compensated? At discharging port, which document must be delivered to the ship agent acting on behalf of his principle? And which document agent gives against this documents?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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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, Agro 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.

Determine exporter and importer
State which incoterm is agreed in the sale contract. Write the incoterm in appropriate way.
Which document is prepared at loading port and delivered to whom?
Which party deals with the damaged cargo and how the damage is compensated?
At discharging port, which document must be delivered to the ship agent acting on behalf of his principle? And which document agent gives against this documents?

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