In order to ensure the macadamia kernel is delivered in the best possible condition to the customers, Mauna Loa Macadamia Nut Corporation will provides and pays for the nitrogen flushed, vacuumed sealed laminated foil bags, in a fibre board carton. The style 2 macadamia nuts will use the 10 kg Cartons; therefore, 16216.20 kg of style 2 macadamia nuts require approximately 1622 cartons to fully fit in the standard ISO 20 ft container.
Since I have purchased CFR (Cost and Freight), I am responsible for transport insurance. I will use a global policy which covers all shipments on the basis “Warehouse to Warehouse”, so from the warehouse in Hawaii, just prior to loading, through to my warehouse in Shanghai. I contacted the Mauna Loa Macadamia Nut Corporation and reached an agreement about the insurance policy/ they will take care of my insurance and find an appropriate one for me. Mauna Loa Macadamia Nut Corporation will make the whole package for me, including the ocean freight from Hawaii to Shanghai and the inland freight from the port of Shanghai to my warehouse. The price Mauna Loa Macadamia Nut Corporation charges me include the insurance. They use their own insurance, from warehouse to warehouse, represents 0.02% of the total value of the goods, thus $5,712.95 USD. …show more content…
This type of payment protects both the supplier and the buyer; therefore, we agreed for this form of payment. This is my first transaction with them, so I think it is more logic to use this form of payment. It protects both parties due to the unstable relationship among us. The bank that I will use for the letter of credit is Wells Fargo and the fee that the bank will charge me is
Since I have purchased CFR (Cost and Freight), I am responsible for transport insurance. I will use a global policy which covers all shipments on the basis “Warehouse to Warehouse”, so from the warehouse in Hawaii, just prior to loading, through to my warehouse in Shanghai. I contacted the Mauna Loa Macadamia Nut Corporation and reached an agreement about the insurance policy/ they will take care of my insurance and find an appropriate one for me. Mauna Loa Macadamia Nut Corporation will make the whole package for me, including the ocean freight from Hawaii to Shanghai and the inland freight from the port of Shanghai to my warehouse. The price Mauna Loa Macadamia Nut Corporation charges me include the insurance. They use their own insurance, from warehouse to warehouse, represents 0.02% of the total value of the goods, thus $5,712.95 USD. …show more content…
This type of payment protects both the supplier and the buyer; therefore, we agreed for this form of payment. This is my first transaction with them, so I think it is more logic to use this form of payment. It protects both parties due to the unstable relationship among us. The bank that I will use for the letter of credit is Wells Fargo and the fee that the bank will charge me is