State three typical organizational structures of firms
1State three typical organizational structures of firms that are engaged in international trade. Is a separate export department necessary for a manufacturing firm with limited business?2A shipper obtains a marine policy covering the shipment of textiles from China to Poland. The declared value of the shipment is $15,000 although the real (market) value of the merchandise is $7,500. If the goods are lost at the sea, is the insurance company liable for $15,000?3In August 2006, International Commodities Export Corporation (ICEC) entered into an agreement for the sale of 230 tons of Chinese white beans to North Pacific Lumber company (NPL). According to the agreement, the beans were to conform to sample pc-16 and the shipment was to be made on the basis of C&F. Thirteen separate containers of beans were loaded on board two vessels at the port of Hong Kong to Portland, Oregon. An inde- pendent surveyor of quality found the bean quality to be in conformity with the description of the goods in the shipperâs invoice. The U.S. Food and Drug Administration (FDA) detained the shipment on arrival in Portland, Oregon, on the grounds that the goods contained filth and were unfit for human consumption. The beans were stored in a ware- house under federal government detention. After efforts to obtain release of the cargo, the buyer rejected the shipments for failure to conform to the contract (sample pc-16).Questions1. Did title pass from seller to buyer? If so, when?2. Is the seller responsible for the goods under C&F when the goods are on board the vessel? How about after delivery to buyer?
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