a) Critically distinguish the responsibilities between a Voyage Charter Party and a Time Charter party.b) By elaborating between Ex-Works (EXW) and Free on Board (FOB) Incoterms, discuss how Incoterms help in International Trade.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter6: Managing In The Global Economy
Section: Chapter Questions
Problem 8E
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a) Critically distinguish the responsibilities between a Voyage Charter Party and a Time Charter party.

b) By elaborating between Ex-Works (EXW) and Free on Board (FOB) Incoterms, discuss how Incoterms help in International Trade. 

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