MCAB109MIDEXAM

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Across
  1. 3. The seller delivers the soybeans alongside the buyer's vessel at the named port of shipment in Brazil, and the buyer is responsible for loading and further transportation.
  2. 6. By using Incoterms, companies from different countries can communicate more effectively and ensure a common understanding of the terms and conditions of the sales contract.
  3. 8. The seller delivers the coal on board the buyer's vessel at the named port of shipment in Indonesia, and the buyer pays for freight and assumes responsibility for the goods once they are on board.
  4. 10. the seller pays for the freight and insurance costs, and the risk transfers to the buyer when the goods are on board the vessel.
  5. 12. The seller delivers the goods to the named destination in China, including customs clearance and unloading. The risk transfers to the buyer when the goods are unloaded.
  6. 13. is to provide a set of standardized terms for international trade that define the responsibilities and obligations of buyers and sellers in terms of the delivery of goods.
  7. 14. Incoterms outline the responsibilities of both parties regarding the delivery of goods, including tasks such as packaging, loading, transport, and unloading.
  8. 15. the seller pays for the carriage and insurance of the goods until the named destination in Australia.
  9. 16. The seller pays for the carriage of the goods to the named destination in Canada, and the risk transfers to the buyer when the goods are handed over to the carrier.
  10. 17. a Turkish company selling machinery to a US buyer using this terms would pay for the carriage and insurance of the goods until the named destination in the United States.
Down
  1. 1. Incoterms specify the point at which the risk of loss or damage to the goods is transferred from the seller to the buyer.
  2. 2. The terms also address the allocation of costs related to transportation, insurance, customs duties, and other expenses associated with the delivery of goods.
  3. 4. Incoterms provide guidance on the division of responsibilities between the seller and the buyer in terms of export and import procedures, documentation, and clearance.
  4. 5. the seller pays for the freight costs, and the risk transfers to the buyer when the goods are on board the vessel.
  5. 7. The seller makes the machinery available at their factory in Germany, and the buyer is responsible for arranging transportation and handling the goods from the factory.
  6. 9. The seller delivers the goods to a carrier of the buyer's choice at a specified location in France, and the buyer is responsible for further transportation and handling.
  7. 11. The seller delivers the goods to a terminal at the named port or airport in Russia, and the buyer is responsible for customs clearance and final delivery.