The commercial invoice; the pro forma invoice Assignment

The commercial invoice the pro forma invoice - Assignment ExampleQuestion 2 The amount of risk that a lineage will keep back will depend on whether the business is the im demeanorer or the exporter, as well as the sectionalizationicular incoterms that are involved on a particular transaction. For instance, if the business is an importer, the business will become the least risk if the incoterm being used is CIF, because this will have the least risk (William, 2009). This is because the seller (exporter) will have to plight care of the goods on their way not only to the destination port but all the way to the inland destination of the buyer. This includes buying the insurance for the goods as they are on transit. As a result, this means two important things to the buyer, who is the importer. First, is that there is no risk of the goods on transit that the importer will have to stockpile incase the risk materializes. Second is that even if the risk was to materialize, the importer would be protected because the insurance will pay off the losses. The importance of Cost, Insurance and Freight (named port of destination) is that incase the goods are lost or damaged and the seller was not in a position to compensate the buyer, the buyer doesnt have to incur the loss because the insurance will pay for the goods. ... The fact that the process by which the US government uses to create money and value for the same money is ill-timed and needs to be changed is not debatable. However, as Maxwell (2009) says, it can only be hoped that the new technology that is eliminating the issuance of printed money will solve part of this business. However, this is a problem that will need to be solved and a better mechanism be put in place to avoid the problem that fiat currency is causing. This as McGregory (2009) says, is going to be one of the main things that will have to be solved in the twenty-first millennium for the earthly concern economy to succeed. Question 4 Part i FOB Free on Board to a named port of shipment This incoterm makes sure that the risk of the goods is divided between the two sides of the deal. The buyer assumes the risk after the goods have been loaded for shipping, while the seller assumes the risk of the goods only until the goods have been loaded for shipping. Part ii CIF Cost, Insurance and Freight to a named port of destination This incoterm puts all obligation, both transport and insurance of the goods in transit to the seller and makes sure that the buyer is fully protected from any risk or obligation. Part iii CIF Cost, Insurance and Freight to a named port of destination Same as above, the exporter assumes all risks and be for shipping the goods. Part IV EXW Ex Works to a named place of delivery. This incoterm minimizes the obligation of the exporter so that the exporter only has insurance and freight costs only up to the point where the goods are loaded at the port of export. The buyer has to know how to get the g oods from the sellers premises and decide on whether they want to