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Takena Electronics Is a Japanese Based Company Which Is Located in Nagano.

Essay by   •  March 27, 2019  •  Term Paper  •  736 Words (3 Pages)  •  30 Views

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Takena electronics is a Japanese based company which is located in Nagano. They are offering 2500 units of printers in 19,000 JPY each (Japanese Yen) in 40-foot container under incoterm DAP. Which costs USD $172.41 per unit. As there is open account so the Opti shop does not need to worry about anything related to payment.

As DAP i.e., Delivery at place is been chosen as an incoterm so the whole responsibilities and risks would be taken by the seller. So, Takena electronics will bear all the risks and will have responsibility to delivery it at the place of the buyer. All the costs related to custom clearance etc. will also be paid by the seller. The buyer will be responsible for the unloading of the goods and for the risk of any damage happened while unloading.

Answer 2

Tritex industries offers the 1300 printers in 20-foot container under FOB incoterm and cost per unit is 727 MYR (Malaysian Ringgit). The cost of each unit in USD will be $11.33. Tritex is well reputed company and Bobby also purchased virtual reality goggles from them las year. Their cost per unit is also very low.

As Tritex is going to use FOB (Free on Board) incoterm, so the cost of insurance and freight will be paid by the shipper. As shipper has to deliver the goods to the specific destination as decided in the contract so all the risk of damage or loss would be bear by the shipper only. Beyond the delivery point, all the risk and ownership of the goods will be transferred to the buyer. As, the terms of payment is letter of credit, so the buyer will have the risk to get good quality of goods whereas there is no more risk of payment. Buyer will bear the cost of damage and other risks and responsibilities after getting the goods at destination point.

Takena electronics is a Japanese based company which is located in Nagano. They are offering 2500 units of printers in 19,000 JPY each (Japanese Yen) in 40-foot container under incoterm DAP. Which costs USD $172.41 per unit. As there is open account so the Opti shop does not need to worry about anything related to payment.

As DAP i.e., Delivery at place is been chosen as an incoterm so the whole responsibilities and risks would be taken by the seller. So, Takena electronics will bear all the risks and will have responsibility to delivery it at the place of the buyer. All the costs related to custom clearance etc. will also be paid by the seller. The buyer will be responsible for the unloading of the goods and for the risk of any damage happened while unloading.

Answer 2

Tritex industries offers the 1300 printers in 20-foot container under FOB incoterm and cost per unit is 727 MYR (Malaysian Ringgit). The cost of each unit in USD will be $11.33. Tritex is well reputed company and Bobby also purchased virtual reality goggles from them

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