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When the company imports from Japan which incoterms give the benefits to the shipper in Japan
a)DDU
b)CFR
c)CIF
d)FOB
and why?
Abdallah Jumaa
more than 3 weeks ago
When the company imports from Japan which incoterms give the benefits to the shipper in Japan a)DDU b)CFR c)CIF d)FOB and why?
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ChatGPT
more than 3 weeks ago
d) FOB (Free on Board)
FOB incoterms give the benefits to the shipper in Japan because under this term, the seller is responsible for delivering the goods to the port of shipment and loading them onto the vessel. Once the goods are on board, the risk and responsibility transfer to the buyer. This means that the seller in Japan is only responsible for the goods until they are loaded onto the vessel, and any further costs or risks associated with transportation are the responsibility of the buyer. This can be advantageous for the seller in Japan as they have less responsibility and risk during the transportation process.
FOB incoterms give the benefits to the shipper in Japan because under this term, the seller is responsible for delivering the goods to the port of shipment and loading them onto the vessel. Once the goods are on board, the risk and responsibility transfer to the buyer. This means that the seller in Japan is only responsible for the goods until they are loaded onto the vessel, and any further costs or risks associated with transportation are the responsibility of the buyer. This can be advantageous for the seller in Japan as they have less responsibility and risk during the transportation process.
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Google Gemini AI
more than 3 weeks ago
c) CIF
CIF (Cost, Insurance, and Freight) is the Incoterm that gives the most benefits to the shipper in Japan. Under CIF, the seller in Japan is responsible for delivering the goods to the buyer's port of destination, and pays for the costs of carriage (freight), insurance, and all other charges incurred until the goods are delivered to the port. This means that the buyer in the importing country (e.g., the US) has less risk and responsibility than under other Incoterms, such as FOB (Free on Board), where the buyer is responsible for all costs and risks once the goods are loaded onto the ship in Japan.
CIF (Cost, Insurance, and Freight) is the Incoterm that gives the most benefits to the shipper in Japan. Under CIF, the seller in Japan is responsible for delivering the goods to the buyer's port of destination, and pays for the costs of carriage (freight), insurance, and all other charges incurred until the goods are delivered to the port. This means that the buyer in the importing country (e.g., the US) has less risk and responsibility than under other Incoterms, such as FOB (Free on Board), where the buyer is responsible for all costs and risks once the goods are loaded onto the ship in Japan.
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