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Risk/Ownership Transfer (Ocean Shipping)” Chart | Online Assignment Help

Preview Assignment 5 (for Topic 8)

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Mark the applicable INCOTERMS on the corresponding places in each of the six diagrams (two per page) in the INCOTERMS Practice File. Specifically,

First read the two incoterm related files (i.e., “Incoterms” and “INCOTRRMS 2010”) in the “Course Related Documents” module on D2L to get familiar with all the Incoterms.

Open the “Incoterms Practice File” in the “Preview Assignments” module on D2L to do the preview assignment:

Mark the locations in the shipping process on the ”Cost Transfer (Ocean Shipping) chart” to represent the places where the responsibility of cost is transferred from exporter to importer for all the relevant Incoterms.

Mark the locations in the shipping process on the “Risk/Ownership Transfer (Ocean Shipping)” chart to represent the places where the risk/ownership change hands from exporter to importer for all the relevant incoterms.

Repeat steps (a) and (b) for air shipping on the two charts entitled “Cost Transfer (Air Shipping)” and “Risk/Ownership Transfer (Air Shipping)”.

Do the same for the two charts for land shipping on the two last two charts in the file.

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