In an international trade, Green Trade Co. is selling 40,000 mts of grain to Mersin Dış Ticaret A.Ş.. In the sale contract an Incoterms from 2020 series is agreed. According to the Incoterm, Green Trade Co. is responsible from production costs, pre-carriage to loading port, customs clearance, loading of the ship, insurance and freight. Mersin Dış Ticaret A.Ş is responsible from unloading costs occurred at the destination port, customs clearance, duties and on-carriage. In accordance with sales agreement, the party who is responsible from carriage of cargo charters a vessel. According to the charter contract, cargo will be loaded at Port of Portland, USA and will be discharged at Port of Mersin. Upon loading, a negotiable document is prepared and delivered to the relevant party. On the way to discharging port, some of the cargo in one hold is damaged. When the vessel arrives to the discharging port, Mersin Dış Ticaret A.Ş. goes to the agent of the ship to deliver the cargo. Determine exporter and importer State which incoterm is agreed in the sale contract. Write the incoterm in appropriate way. Which document is prepared at loading port and delivered to whom? Which party deals with the damaged cargo and how the damage is compensated? At discharging port, which document must be delivered to the ship agent acting on behalf of his principle? And which document agent gives against this documents? A shipbroker fixed a time charter trip in the Far East. There was a term in the charterparty that there could be “no crew change on the laden voyage”. However, during the laden voyage the owners sent a message to the shipbrokers’ operations department advising that on the way to the discharge port the ship would make a quick stop to conduct a crew change. The shipbroker failed to pass the message on to the charterers. When the charterers discovered the deviation they protested that neither the owner nor Master had informed them a crew change. Since this change caused a delay, charterers seeks compensation. State the party or parties in fault Who should pay the compensation for the damages

In an international trade, Green Trade Co. is selling 40,000 mts of grain to Mersin Dış Ticaret A.Ş.. In the sale contract an Incoterms from 2020 series is agreed. According to the Incoterm, Green Trade Co. is responsible from production costs, pre-carriage to loading port, customs clearance, loading of the ship, insurance and freight. Mersin Dış Ticaret A.Ş is responsible from unloading costs occurred at the destination port, customs clearance, duties and on-carriage. In accordance with sales agreement, the party who is responsible from carriage of cargo charters a vessel. According to the charter contract, cargo will be loaded at Port of Portland, USA and will be discharged at Port of Mersin. Upon loading, a negotiable document is prepared and delivered to the relevant party. On the way to discharging port, some of the cargo in one hold is damaged. When the vessel arrives to the discharging port, Mersin Dış Ticaret A.Ş. goes to the agent of the ship to deliver the cargo. Determine exporter and importer State which incoterm is agreed in the sale contract. Write the incoterm in appropriate way. Which document is prepared at loading port and delivered to whom? Which party deals with the damaged cargo and how the damage is compensated? At discharging port, which document must be delivered to the ship agent acting on behalf of his principle? And which document agent gives against this documents? A shipbroker fixed a time charter trip in the Far East. There was a term in the charterparty that there could be “no crew change on the laden voyage”. However, during the laden voyage the owners sent a message to the shipbrokers’ operations department advising that on the way to the discharge port the ship would make a quick stop to conduct a crew change. The shipbroker failed to pass the message on to the charterers. When the charterers discovered the deviation they protested that neither the owner nor Master had informed them a crew change. Since this change caused a delay, charterers seeks compensation. State the party or parties in fault Who should pay the compensation for the damages

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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In an international trade, Green Trade Co. is selling 40,000 mts of grain to Mersin Dış Ticaret A.Ş.. In the sale contract an Incoterms from 2020 series is agreed. According to the Incoterm, Green Trade Co. is responsible from production costs, pre-carriage to loading port, customs clearance, loading of the ship, insurance and freight. Mersin Dış Ticaret A.Ş is responsible from unloading costs occurred at the destination port, customs clearance, duties and on-carriage. In accordance with sales agreement, the party who is responsible from carriage of cargo charters a vessel. According to the charter contract, cargo will be loaded at Port of Portland, USA and will be discharged at Port of Mersin. Upon loading, a negotiable document is prepared and delivered to the relevant party. On the way to discharging port, some of the cargo in one hold is damaged. When the vessel arrives to the discharging port, Mersin Dış Ticaret A.Ş. goes to the agent of the ship to deliver the cargo.

Determine exporter and importer
State which incoterm is agreed in the sale contract. Write the incoterm in appropriate way.
Which document is prepared at loading port and delivered to whom?
Which party deals with the damaged cargo and how the damage is compensated?
At discharging port, which document must be delivered to the ship agent acting on behalf of his principle? And which document agent gives against this documents?

A shipbroker fixed a time charter trip in the Far East. There was a term in the charterparty that there could be “no crew change on the laden voyage”. However, during the laden voyage the owners sent a message to the shipbrokers’ operations department advising that on the way to the discharge port the ship would make a quick stop to conduct a crew change. The shipbroker failed to pass the message on to the charterers. When the charterers discovered the deviation they protested that neither the owner nor Master had informed them a crew change. Since this change caused a delay, charterers seeks compensation.
1. State the party or parties in fault
2. Who should pay the compensation for the damages

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