Exquisite Exports inc. based in St-Jérôme, QC sells products to Total S.A. in Paris, France, under the following terms: Terms of sale: CPT, port of Le Havre, Incoterms 2020 20 wooden pallets with Maple syrup loaded in on 40-ft ocean container Terms of delivery: ocean freight Terms of payment: open account, net 60 days The container accumulated detention charges at origin for 300USD due to cargo readiness issue. Who is responsible to pay the charges?
Exquisite Exports inc. based in St-Jérôme, QC sells products to Total S.A. in Paris, France, under the following terms: Terms of sale: CPT, port of Le Havre, Incoterms 2020 20 wooden pallets with Maple syrup loaded in on 40-ft ocean container Terms of delivery: ocean freight Terms of payment: open account, net 60 days The container accumulated detention charges at origin for 300USD due to cargo readiness issue. Who is responsible to pay the charges?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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- Exquisite Exports inc. based in St-Jérôme, QC sells products to Total S.A. in Paris, France, under the following terms:
Terms of sale: CPT, port of Le Havre, Incoterms 2020
20 wooden pallets with Maple syrup loaded in on 40-ft ocean container
Terms of delivery: ocean freight
Terms of payment: open account, net 60 days
- The container accumulated detention charges at origin for 300USD due to cargo readiness issue. Who is responsible to pay the charges?
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