Theory and Practice of International Trade 10

Updated on educate 2024-03-11
3 answers
  1. Anonymous users2024-02-06

    1. (1) 600 kg = ton.

    Total Shipping Fee = Base Shipping + Surcharge = (HKD.)

    2) weight ton = ton volume ton = cubic meter w m take ** the highest freight ton.

    Base shipping fee = HKD.

    Surcharge = 22150x (30% + 10%) = HKD 8860.

    Total shipping fee = basic shipping fee + surcharge = 22150 + 8860 = 31010 Hong Kong dollars.

    2. CFR = CIF-CIFX (1+10%) x insurance rate.

    50-50x(1+10%)x1%=

    CFRC 5% = CFR (1-5%) = USD (with two decimal places).

    Case Study. 1. The insurance company will not compensate you.

    According to the latest 2010 General Rules, the risk classification scope of CFR is on board the port of shipment. All costs and risks incurred until such time are borne by the buyer.

    In this case, the seller has no contractual relationship with the insurance company, so the seller does not have the conditions to claim compensation from the insurance company. The loss of the goods occurred before the transfer of risk and the buyer had no insurance interest in it and therefore could not claim compensation from the insurer. In this case, the seller must also take out additional insurance for his own benefit.

    2. The repair cost and the loss of goods soaked in water belong to general average.

    The loss of burned-out cargo is a separate average.

    General average refers to the special sacrifice and special expenses paid directly by intentionally and reasonably taking measures for the sake of common safety when the ship, cargo and other property encounter common danger during the same sea voyage.

    3. China's claim is unreasonable.

    Under the FCA** terminology, the seller's liability is allocated to the free carrier. The seller has completed the delivery of the goods at the specified time and place, and the risks and expenses thereafter are irrelevant to the seller. Therefore, it is not justified for China to file a claim against the Italian exporter.

  2. Anonymous users2024-02-05

    Calculation Question 2: CFRC5%=CIF[1-(1+Insurance Markup)*Insurance Rate] (1-5%)

    Calculation Question 1: Soybeans: Tools:

  3. Anonymous users2024-02-04

    1.A: The German client's approach is unreasonable, and the laws of various countries generally consider the late acceptance to be invalid, and it can only be regarded as a new offer, but the United Nations Convention on Contracts for the International Sale of Goods deals with this issue flexibly.

    Paragraph 1 of article 21 of the United Nations Convention on Contracts for the International Sale of Goods provides that a contract may be concluded when the notice of acceptance is delivered on the offeror, provided that the offeror notifies the offeree orally or in writing without delay that the late acceptance is valid and that it is willing to be bound by the late acceptance. The last sentence in the textbook on overdue acceptance is "Whether the overdue acceptance is effective depends on how the offeror expresses his position." "So the German customer is not doing it well.

    2.We may not do so, and the execution of partial shipments shall be based on the contract of carriage. Once the buyer and seller have settled the terms of shipment in batches at the end of the month, they shall ship in batches in strict accordance with the provisions of the clause, as long as one of the batches is not shipped according to the regulations, according to the provisions of the Uniform Customs and Practice for Documentary Credits, the batch and subsequent batches shall be invalid.

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