A contract stipulates:Commodity: Cellphone, Samsung Galaxy A71, blackQuantity: 500 setsUnit Price: 315 USD/set CFR Cat Lai port, Incoterms 2020Which above article of the contract is not good for the seller?ACommodityBUSDCQuantityDUnit price
Question
A contract stipulates:Commodity: Cellphone, Samsung Galaxy A71, blackQuantity: 500 setsUnit Price: 315 USD/set CFR Cat Lai port, Incoterms 2020Which above article of the contract is not good for the seller?ACommodityBUSDCQuantityDUnit price
Solution 1
The answer is D - Unit price. The reason is that the unit price includes the cost of freight to the destination (Cat Lai port) as per the CFR (Cost and Freight) Incoterms 2020. This means the seller is responsible for the cost of transporting the goods to the port of destination. This could potentially be disadvantageous for the seller if the transportation costs are high, as it could reduce their profit margin.
Solution 2
The answer is D - Unit price. The reason is that the unit price includes the cost of freight to the destination (Cat Lai port) as per the CFR (Cost and Freight) Incoterms 2020. This could potentially be disadvantageous for the seller if the freight costs are high or fluctuate significantly, as it could eat into their profit margin.
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