The paper "Appropriate Terms of Trade" is an outstanding example of marketing coursework. Transport is the vital link between a receiver and a supplier, and the objective is to receive the products in good condition, where and when they are required (Ramberg, 2005). This requires close collaboration between the transporter, procurement staff, and the supplier. The journey entailed whether over air, land, or sea may introduce particular risks and costs, which can be lessened by appropriate dispatch methods, insurance coverage, proper packaging instructions, and by considering the responsibilities and the roles of the involved parties in the transportation chain to final delivery.
There are various transportation modes available for transporting products between or within different countries by either sea, air, or overland by rail and road. With increased globalization and differences in trading practices in different areas, conflicts in international arena are abound to rise. To avert these conflicts and challenges, exporters and importers or traders and customers must reach a mutual understanding of the conditions and terms under which they trade (Valioti, 2004). Thus, there are different guides that provide primary facts associated with shipping, and thus comprehensive legal aspects of trade and responses to certain challenges that could come up.
These guides provide useful information in procurement outlining the delivery terms. These guidelines commonly referred as incoterms are the vital part of any export-import dealings and regular trade definitions most commonly applied in international sales contracts. Incoterms apply only if integrated in the sales agreement or for instance, if they stipulated in the offer, the conditions of sales, the purchase order, and the validation of an order or if the parties specify them in separate contract.
The ability to select on the right method of shipment relies on different factors, comprising nature of the goods, urgency, cost, need for watchful handling, volume, and weight, value of the goods, regularity or frequency of delivery and consistency of the method (Murray, 1991).
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