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What are the most commonly used incoterms and Why?


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Old 05-23-2008, 11:27 PM
John John is offline
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Default What are the most commonly used incoterms and Why?

My uni proffesor said that 90% of international transaction are carried out by the incoterms of FOB, CIF n CFR. From there, the most important question is the why, which is the topic of the report assignment given to me.
(I'd appreciate your help in doing my university report) ^_^
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Old 05-23-2008, 11:27 PM
madeinchina madeinchina is offline
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Default What are the most commonly used incoterms and Why?

He is right. What is important is not the acronyms, but the business results. Often companies like to be in control of their freight. That being the case, sellers of goods might choose to sell CIF, which gives them a good grasp of shipments moving out of their country, and buyers may prefer to purchase FOB, which gives them a tighter hold on goods moving into their country. To give responsibility to the buyer cover insurance from the port of origin or port of shipment to buyer's door, use CFR.
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