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Re Export Case Incoterms 2020

The document outlines a case study involving Phuc Sinh Com.'s experience with transshipment trade, highlighting a transaction where goods traveled through multiple countries before reaching their final destination in Saudi Arabia. It also poses questions regarding the benefits and challenges of re-export businesses, as well as inquiries related to Incoterms 2020, including seller obligations and risk transfer points. Additionally, it includes a table for categorizing responsibilities under various Incoterms.

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22 views3 pages

Re Export Case Incoterms 2020

The document outlines a case study involving Phuc Sinh Com.'s experience with transshipment trade, highlighting a transaction where goods traveled through multiple countries before reaching their final destination in Saudi Arabia. It also poses questions regarding the benefits and challenges of re-export businesses, as well as inquiries related to Incoterms 2020, including seller obligations and risk transfer points. Additionally, it includes a table for categorizing responsibilities under various Incoterms.

Uploaded by

k61.2213520040
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Group number:

………………………………………………………………………………………………………..

Group member (Name and Student ID)

1……………............................................. 2…………………………………………

3……………............................................. 4…………………………………………

5……………............................................. 6…………………………………………

Work in your group and answer the following questions

CHAPTER 1.

RE-EXPORT CASE STUDY

The first time Phuc Sinh Com. deployed Transshipment trade.

I remember at that time there was customers from France. They went to Phuc Sinh's office, after selling
coffee to them, they asked me if I was interested in Cloves? Honestly, I don't know much about this item
and just want to sell something from Vietnam. The French Customers say they have a whole 40"
container of 21 ton FCL and suggested that China imports a lot of Cloves, please think about it.

I keep this in mind and when the customers back to France, I call a Hong Kong customer, a very close
and reliable customer who often buys our goods to sell to the Chinese market. The customer asked me
what the price was? I immediately contacted the French seller, fixed the price with the buyer, then had the
goods sold to Saudi Arabia, not to China.

Tracking the long journey of the shipment: the Goods was exported from Madagascar to a customer in
Belgium, then the Goods was sold again by the customers in Belgium to a customers in France. Then,
again, the Goods was sold to a customer in France, France sold to Vietnam, Vietnam sold to Hong Kong
and Hong Kong sold to customers in Saudi Arabia. A lot of contract that buying and selling the Goods.
But in fact, the goods itself only go a straight line from Madagascar to Jeddah (Saudi Arabia) with only
one set of documents which are traveled around through too many countries.

Because of trusting on Phuc Sinh Co, the French partner immediately sent the cargo documents to us
when they received the original ones. Holding the documents in hand, we immediately called a leading
bank for international trade in Vietnam to ask for the documents negotiation. The head of the
International Payments Department, our close friend, said that he had not negotiate for any such
documents before and asked us to bring the original documents to him. When I brought the documents to
the banker, I explained it to him in detail and at the end, fortunately, the banker said “Yes…”. So we
borrowed money from the bank to pay customers in France, changed a bit on the surface of the documents
and added the invoice of Phuc Sinh Joint Stock Company, Finally, we asked for the collection service
from a Hong Kong bank, sent them the cargo documents and received the money one week later…

Question 1: What benefits gained from the border-gate transfer and re-export business?

Question 2: Please mention some difficulties that re-export enterprises confront?


CHAPTER 2. INCOTERMS

Question 1: What is the seller’s obligation to arrange contracts for Carriage and contracts for Insurance
as per CIF Incoterms 2020? Who must pay for fee and duty that may arise during transit through the third
country?

Question 2: It is said that the seller responsibility as per DAP is higher than DAT Incoterms 2010. Please
comment and point out if it is true or not.

Question 3: Please fill in the following table with Name of thepoint for risk/cost transfer and S (seller’s
obligation) or B (Buyer’s obligation) according to the Incoterms 2020

FCA CPT CIP DAP DPU DDP FOB CFR CIF

Export customs S S S S S S S S S

Pre-shipment advise

Pre-shipment
inspection

Domestic freight in
export country

Loading fee at the


port/ export terminal

International
Transportation
freight

Minimum Insurance
premium

Additional insurance
premium

Unloading fee at
port/ terminal in
import country
Import custom

Domestic freight in
import country

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