Exquisite Exports inc. based in St-Jérôme, QC sells products to Total S.A. in Paris, France, under the following terms: Terms of sale: CPT, port of Le Havre, Incoterms 2020 20 wooden pallets with Maple syrup loaded in on 40-ft ocean container Terms of delivery: ocean freight Terms of payment: open account, net 60 days Who selects the freight forwarder and pays the ocean freight charges?
Exquisite Exports inc. based in St-Jérôme, QC sells products to Total S.A. in Paris, France, under the following terms: Terms of sale: CPT, port of Le Havre, Incoterms 2020 20 wooden pallets with Maple syrup loaded in on 40-ft ocean container Terms of delivery: ocean freight Terms of payment: open account, net 60 days Who selects the freight forwarder and pays the ocean freight charges?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Determine the buyer’s and seller’s responsibility in a commercial transaction.
- Exquisite Exports inc. based in St-Jérôme, QC sells products to Total S.A. in Paris, France, under the following terms:
Terms of sale: CPT, port of Le Havre, Incoterms 2020
20 wooden pallets with Maple syrup loaded in on 40-ft ocean container
Terms of delivery: ocean freight
Terms of payment: open account, net 60 days
- Who selects the freight forwarder and pays the ocean freight charges?
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