Contents
This report is based on the following questions – - 1. Two countries must be selected between which the transaction must take place.
- 2. The focus of this work must be either on the seller/exporter or the buyer/importer.
- 3. The goods must be products or commodities and not oil, gas or services.
- 4. The countries must not both be in the same regional trade bloc.
- 5. Use a ‘D’ Incoterm when the seller is the exporter, or Ex Works if the buyer is controlling the movement. If your company uses other Incoterms, these must be changed to a ‘D’ term or EXW.
- 6. Select the mode of transport to be used.
- 7. The transaction is to be paid for either by a documentary credit or documentary collection.
- 8. The seller will allow the buyer 60 days after arrival of the goods at destination to pay the contracted price. Discuss how the seller will ensure receiving payment.
- 9. Identify how either party will arrange short-term finance to support cash flow. DO NOT USE THE OVERDRAFT FACILITY FOR THIS PURPOSE.
- 10. Specify the documentation which will be required to achieve a successful outcome to this transaction.
Description
This report presents the management of global trade operations by the PowaCycle Electric Bikes Plc, UK. It is one of the largest buyers/importers of the electric motorcycles from China. The report aims at management of the import operations including the selection of the logistics for the shipment of the product, the strategies adopted by seller to ensure the receipt of the payment, strategies adopted by each firm to arrange short term finance for supporting cash flow and identification of different documents required for the successful accomplishment of the transaction between the importer and supplier.
