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It entirely depends on trade ! but in genral buyers bears the confirmation charges
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Who does the Tax incidence refer to?
Who actually bears the burden of the tax
Who bears the burden of a tax?
The burden is that of the person or people who have to pay the tax.
What is an antedated cheque?
If a cheque bears a date earlier than the date on which it is presented to the bank, it is called anti-dated cheque
When a home or business property is sold who is responsible for calculating the taxes owed on the sale?
There are two answers to this question. The title owner bears ultimate responsibility for filing and calculating. That being said the assessor and collector of the jurisdiction may determine values.Ê
Private costs are borne by consumers of a good while social costs are borne?
Private costs can also be borne by producers. For example: A consumer buys a unit of good, the private cost of him is mainly the price of the good. A producer supplies a unit of good, the private cost of it is the cost of production. There should be no definite answer for "who bears the private cost?". Social costs = Private costs + External costs. It's born by both consumers and producers. Look up external costs in the internet.
Prepay and add mean?
Prepay and add refers to the shipping charges on an invoice. The Seller pays freight charges and adds to invoice. Title and control of the goods passes to the buyer when the carrier signs for the goods at the shipping point (origin) So, the Seller pays freight and bills them to the Buyer who bears the freight charges, the Buyer owns the goods in transit, and the Buyer files any necessary claims.
What does FCA mean in shipping terms?
FCA - FREE CARRIER (... named place of delivery) The Seller delivers the goods, cleared for export, to the carrier selected by the Buyer. The Seller loads the goods if the carrier pickup is at the Seller's premises. From that point, the Buyer bears the costs and risks of moving the goods to destination.
If the trucking company damages the freight in transit do they have to replace it?
You have to look at the contract between the buyer and seller to determine who bears the risk of loss. Normally, the risk of loss would be on the buyer or the buyer's insurance. Now once it is determined who bears the risk of loss they could sue the trucking company if they were at fault in some way, but the trucking company does not have to replace the damaged goods (unless there is a contract that says otherwise).
What is the meaning of ex works exactly?
Ex Works (EXW) is an international trade term where the seller fulfills their obligation by making the goods available at their premises or another named place. The buyer is responsible for all transportation costs, risks, and customs clearance from that point onwards. The seller is not responsible for loading the goods onto a vehicle provided by the buyer.
Who bears LC advising charges importer or exporter?
Exporter
What is the difference between bulls and bears in capital market?
Stock market is an auction market in shares and other securities and is characterised by a BULL and a BEAR.BULL-is the buyer in the market. He is always takes an optimistic view of the market.BEAR-is the seller. He is basically a pessimist and always considers that the things have reached its peak.
What is the difference between CFR and CNF?
CFR/CNFCost and Freight (named destination port) - Seller must pay the costs and freight to bring the goods to the port of destination. However, risk is transferred to the buyer once the goods have crossed the ship's rail. Maritime transport only and Insurance for the goods is NOT included. Insurance is at the Cost of the Buyer.CIFCost, Insurance and Freight (named destination port) - Exactly the same as CFR except that the seller must in addition procure and pay for insurance for the buyer. Maritime transport only.CIPCarriage and Insurance Paid (To) (named place of destination) - The containerised transport/multimodal equivalent of CIF. Seller pays for carriage and insurance to the named destination point, but risk passes when the goods are handed over to the first carrier.CPTCarriage Paid To (named place of destination) - The general/containerised/multimodal equivalent of CFR. The seller pays for carriage to the named point of destination, but risk passes when the goods are handed over to the first carrier.DAFDelivered At Frontier (named place)- This term can be used when the goods are transported by rail and road. The seller pays for transportation to the named place of delivery at the frontier. The buyer arranges for customs clearance and pays for transportation from the frontier to his factory. The passing of risk occurs at the frontier.DDPDelivered Duty Paid (named destination place) - This term means that the seller pays for all transportation costs and bears all risk until the goods have been delivered and pays the duty. Also used interchangeably with the term "Free Domicile". The most comprehensive term for the buyer. In most of the importing countries, taxes such as (but not limited to) VAT and excises should not be considered prepaid being handled as a "refundable" tax. Therefore VAT and excises usually are not representing a direct cost for the importer since they will be recovered against the sales on the local (domestic) market. DDUDelivered Duty Unpaid (named destination place) - This term means that the seller delivers the goods to the buyer to the named place of destination in the contract of sale. The goods are not cleared for import or unloaded from any form of transport at the place of destination. The buyer is responsible for the costs and risks for the unloading, duty and any subsequent delivery beyond the place of destination. However, if the buyer wishes the seller to bear cost and risks associated with the import clearance, duty, unloading and subsequent delivery beyond the place of destination, then this all needs to be explicitly agreed upon in the contract of sale.Delivered Duty Unpaid (named destination place) - This term means that the seller delivers the goods to the buyer to the named place of destination in the contract of sale. The goods are not cleared for import or unloaded from any form of transport at the place of destination. The buyer is responsible for the costs and risks for the unloading, duty and any subsequent delivery beyond the place of destination. However, if the buyer wishes the seller to bear cost and risks associated with the import clearance, duty, unloading and subsequent delivery beyond the place of destination, then this all needs to be explicitly agreed upon in the contract of sale.DEQDelivered Ex Quay (named port) - This is similar to DES, but the passing of risk does not occur until the goods have been unloaded at the port of destination.DESDelivered Ex Ship (named port) - Where goods are delivered ex ship, the passing of risk does not occur until the ship has arrived at the named port of destination and the goods made available for unloading to the buyer. The seller pays the same freight and insurance costs as he would under a CIF arrangement. Unlike CFR and CIF terms, the seller has agreed to bear not just cost, but also Risk and Title up to the arrival of the vessel at the named port. Costs for unloading the goods and any duties, taxes, etc… are for the Buyer. A commonly used term in shipping bulk commodities, such as coal, grain, dry chemicals - - - and where the seller either owns or has chartered, their own vessel.EXWEx Works (named place) - The seller makes the goods available at his premises. The buyer is responsible for all charges. This trade term places the greatest responsibility on the buyer and minimum obligations on the seller. The Ex Works term is often used when making an initial quotation for the sale of goods without any costs included. The buyer pays all transportation costs and also bears the risks for bringing the goods to their final destination.FASFree Alongside Ship (named loading port) - The seller must place the goods alongside the ship at the named port. The seller must clear the goods for export; this changed in the 2000 version of the Incoterms. Suitable for maritime transport only.FCAFree Carrier (named places) - The seller hands over the goods, cleared for export, into the custody of the first carrier (named by the buyer) at the named place. This term is suitable for all modes of transport, including carriage by air, rail, road, and containerised / multi-modal transport.FOBFree on board (named loading port) - The seller must load the goods on board the ship nominated by the buyer, cost and risk being divided at ship's rail. The seller must clear the goods for export. Maritime transport only. It also includes Air transport when the seller is not able to export the goods on the schedule time mentioned in the letter of credit. In this case the seller allows a deduction of sum equivalent to the carriage by ship from the air carriageclose
What is the most advantageous incoterm for the buyer?
This will be DDP (your warehouse) according to Incoterms 2010. Sellerv is responsible to deliver cargo at your doorstep and bears all the risks and costs. Keep in mind that your influence on routing and delivery time is kept to a minmum and check first if the seller is able to make such a delivery including paying taxes in your country.
What is the meaning of the bishop during confirmation?
The Bishop is the authority in the Catholic Church. He, like Priests, Archbishops, and the Pope, represent Christ on earth. During Confirmation, the Bishop bears witness to the vows you are making as a young adult. Confirmation accepts you into the church as a full adult member, no longer a child.
If the buyer bears the freight costs related to a purchase the terms are said to be FOB destination. is it true or false?
It is false. FOB destination means that the shipper bears the responsibility for shipping, including costs and liability.
What is the difference between FAS and FOB in shipping?
The most important mercantile shipping terms for the sale of goods are three: F.O.B., C.I.F. and F.A.S. In a F.O.B. (Free on Board) shipment, the risk passes to buyer at the F.O.B. point. The F.O.B. point can be the seller's factory or warehouse. In that case, the sale price quoted does not include freight which is the responsibility of the buyer as is the risk from the warehouse onward. If, however, the term is F.O.B. point of destination, seller bears the risk during transit and is responsible for payment of the freight. The term F.A.S. (Free Alongside) followed by "vessel" at some specific port is a variation of F.O.B. The sale is consummated when the seller delivers the goods alongside the vessel. The difference between the terms "F.O.B. vessel" and "F.A.S. vessel" is that in the F.O.B. the seller bears the risk until the loading has been completed. C.I.F. stands for Cost, Insurance, Freight, a term followed by the port of destination. "C.I.F. London", for example, would mean that the quoted price would include the price of the goods plus freight up to London and insurance.
What is the value of a Coca Cola Bottling Works Barrel of Bears ornament with an error on the logo?
Whatever a willing seller is willing to pay, of course. Try eBay.
