An importer in Singapore asks for a quotation for 5000 kg of almonds. You are...
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Accounting
An importer in Singapore asks for a quotation for 5000 kg of almonds. You are an exporter in India. You have to take a decision on the amount to be quoted. Assume that the unit price is $10 per kg, the total price for 5000 kg almonds would be $ 50,000 for the goods alone.
If you quote
Price ($)
EXW 51,000
FCA 51,300
FAS 52,150
FOB 52,325
CFR 53,550
CIF 53,950
DPU 54, 275
DDP 57, 275
Questions
1. How much does the exporter have to pay as sea freight charges from India to Singapore? Give Reasons
2. How much is the marine insurance? Give Reasons
3. What would be the landing charges in Singapore? Give Reasons
4. What kind of quotation would you prefer as an exporter? Give Reasons
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