Assume Foreign imports rice from Home. However, Foreign is not confident in transporting goods from Home to its place, it only knows how to do the custom clearance in its nation. Moreover, to make it simpler, Foreign and Home agree not to have a third carriage to carry goods. Which INCOTERMS 2020 Foreign should use in this case? Why? (You can give more than 1 INCOTERMS 2020 if possible).

International economics explores the interdependence of nations in the global economy, addressing…

Answered: Assume Foreign imports rice from Home.…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Assume Foreign imports rice from Home. However, Foreign is not confident in transporting goods from Home to its place, it only knows how to do the custom clearance in its nation. Moreover, to make it simpler, Foreign and Home agree not to have a third carriage to carry goods. Which INCOTERMS 2020 Foreign should use in this case? Why? (You can give more than 1 INCOTERMS 2020 if possible).

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