Who should pay the additional destination warehouse

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Reference no: EM133902062

Problem

A company sends from Spain to the United States a product under the term CIF INCOTERMS 2010: Cost Insurance and Freght. The product is sent, however, when the customs arrives, the customs notifies that there is a lot of delay in the inspections and that the merchandise will take a few days, and the merchandise is maintained in a warehouse that must be paid for its use, and the total cost of this is $ 1,000 USD. Finally, the merchandise is reviewed and delivered in the destination. Who should pay the additional destination warehouse? Who should establish the deadlines, place of delivery and responsible for the contract? Get the instant assignment help. If it is a specialized load and the buyer did not want to deal with the expenses in the port and maneuvers. What Incoterms 2010 CCI should select? Who is responsible for paying taxes at the destination of the product when using CIF Incoterms 2010 CCI?

Reference no: EM133902062

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