You are an exporter from Indonesia and have to fill the quotation for 2 Tons of Cassava. Based on the quotation, the importer is in Korea. Assume that the unit price is $5 per kg. You have to take the decision on the amount to be quoted. How is your quotation affected by Incoterm? Quote Price includes Additional Cost ($) EXW Ex works 400 FCA Free carrier 100 FAS Free alongside ship 300 FOB Free on board 150
You are an exporter from Indonesia and have to fill the quotation for 2 Tons of Cassava. Based on the quotation, the importer is in Korea. Assume that the unit price is $5 per kg. You have to take the decision on the amount to be quoted. How is your quotation affected by Incoterm?
Quote Price includes Additional Cost ($)
EXW Ex works 400
FCA Free carrier 100
FAS Free alongside ship 300
FOB Free on board 150
CFR Cost and freight 550
CIF Cost, insurance and freight 100
DEQ Delivered ex quay 100
DDP Delivery duty paid 700
a. How much does the exporter have to pay as sea freight charges from Indonesia to Korea?
b. What would be the total price to be quoted to the importer, if the marine insurance cost is $75 to port in Korea?
Step by step
Solved in 2 steps with 1 images
