Mohamed and Abdul are importers of vehicles in Kenya from Japan.What terms of sale may be quoted by the seller of the vehicles?

      

Explain terms of sale that may be quoted by the seller of the vehicles.

  

Answers


Maurice
(i) Landed.
The price includes all expenses up to the port of destination as well as unloading charges.

(ii) CIF/ cost and freight.
Price includes all expenses except insurance until the ship reaches the importers port of entry.

(iii) LOCO/ ex-works/ ex-factory/ ex-warehouse.
The price quoted includes the cost of the goods as they are at the sellers premises/ factory/ warehouse.

(iv) FOR/ free on a rail-the price includes cost expenses on the goods up to the nearest railway station to the seller/ exporter in Japan.

(v) DD/ delivered docks.
The price quoted includes the cost/ expenses of taking the goods from the exporters premises up to the dock at the port embankment.

(vi) FAS/ free alongside ship.
The price includes all expenses until the goods are placed alongside the ship including dock charges.

(vii) FOB/ free on board.
The price includes all expenses until the goods are loaded onto the ship.
maurice.mutuku answered the question on July 15, 2017 at 11:49


Next: What are the teachings of Jesus on the qualities of true discipleship from the sermon on the plain?
Previous: The per capita income in country X is considerably higher than that in country Z. Why may the citizens of country X not necessarily enjoy higher standards of living than citizens of country Z?

View More Business Studies Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions