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Question
Discuss international terms of sale and Incoterms.Answer
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The Brazilian buyer wants the buses delivered at Santos. Weiss looks up the International Chamber of Commerce's Incoterms and finds three categories of "delivered" at a receiving port. They are:
DAT (Delivered at Terminal). In this type of transaction, the seller clears the goods for export and bears all risks and costs associated with delivering the goods and unloading them at the terminal at the named port or place of destination. The buyer is responsible for all costs and risks from this point forward including clearing the goods for import at the named country of destination.
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a. 25
b. 20
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