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Lecture 4

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Ryerson University
Global Management Studies
GMS 803
Wally Whistance- Smith

GMS803BSelected International Commercial Terms Incoterms 13 global insurance terms CIFCost Insurance Freight oPaid by the seller all the way till the port of the destination oBuyer takes title at the port of destination and covers the Will ask how they are usedappliednot tested on what they areCostPerformance Relationships for Inland Freight Transportation Modes LTLless than truck load oEven if the truck is not fully loaded you will still have to pay for the full price of the freight oBecomes costly You can try to reduce the cost by finding another customer going to the same destination but it will be difficult to findTonMiles of Transported Freight US 19602009 millions The transportation for Air has dropped in recent years because the cost of fuel has increased Costs 3050barrel in the ME Costs 70barr
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