ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the seller gives the goods, cleared for export, to the buyer’s carrier at a specified place.
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Free Carrier (FCA)
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Carriage Paid To (CPT)
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Cost and Insurance Paid (CIP)
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Delivered at Terminal (DAT)
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None of these
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Explanation:
Detailed explanation-1: -Under FCA Incoterms, the seller is responsible for export duty, taxes & customs clearance, and the buyer is responsible for import duty, taxes & customs clearance.
Detailed explanation-2: -Under the Free Carrier Incoterms® Rule, the exporter is responsible for clearing the merchandise for export. An advantage of the Free Alongside Ship Incoterms® Rule is the thorough documentation of the receipt of goods at a port holding area or to the quay alongside the ship.
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