1. What is the price per 3D printer in USD for the Takena Electronics offer? What costs, responsibilities, and risk does OptiShop assume under DAP, Port of Long Beach?
Price per Unit: Takena Electronics is offering a table top 3D printer at 19,000 Yen per unit and the currency rate is at 1 USD= 110.20 Yen. 19,000 Yen / 110.20 Yen= 172.41 USD. Each unit will be 172.41 USD.
Cost responsibilities at delivered at place DAP: Since Takena works on an open account, Optishop cost responsibility will begin once notified by Takena that the 40 foot containers have arrived at the DAP port of Long Beach. At this point Optishop is responsible for paying all custom clearances, duties and taxes as well as unloading the containers. Optishop may also be required to close the open account upon arrival of containers if stated in the agreement.
Risks at delivered at place DAP: Since Optishop is trying to meet the demand of sales for the upcoming Black Friday, risks that could potentially go wrong is there maybe be discrepancies or missing export/import documentation, custom clearances could be delayed by brokers or DAP ports could be highly congested with long dwell times.
2. What is the price per 3D printer in USD for the TriTex Industries offer? What costs, responsibilities, and risks does OptiShop assume under FOB, Port of Tanjung Pelepas?
Price Per Unit: Tri Tex Industries is offering a table top 3D printer at 727 MYR per unit and the currency rate is at 1 USD= 64.12 MYR. 727 MYR / 64.12 MYR= 11.34 USD. Each unit will be 11.34 USD.
Cost responsibilities free on board FOB: TriTex industries is responsible for all documentation and costs of goods up until the containers are loaded or on board the vessel at Tanjung Pelepas. Optishop is responsible for all cost and insurance once the cargo is on board. Also paying for insurance is the responsibility of OptiShop after the containers are loaded.
Risk for free on board FOB: Once all containers are on the vessel, OptiShop assumes all risks at this point. Also letter of credits can potentially protect both buyer and seller, but in certain circumstances if any documents aren’t turned in a timely manner or have multiple errors, a bank may refuse to pay.
Yi=Ch’Post
1. What is the price per 3D printer in USD for the Takena Electronics offer? What costs, responsibilities, and risk does OptiShop assume under DAP, Port of Long Beach?
Takena Electronic offer is $172.41 per unit. Takena works on an open account basis and promises to make shipmetns of 2,500 units in 40-foot containers under terms Incoterm DAP to the Port of Long Beach. DAP refers to delivered at Place, up to the named destination mentioned in the established contract. Incoterms 2010 defines DAP as that the seller delivers when the goods are placed at the disposal of the buyers on the arriving means of transport ready for unloading at the named place of destination.
2. What is the price per 3D printer in USD for the TriTex Industries offer? What costs, responsibilities, and risks does OptiShop assume under FOB, Port of Tanjung Pelepas?
TriTex Industries offer is $113.38 per unit. Their offer is based on 1,300 units shipments in 20-foot containers under Incoterm FOB, Port of Tanjung Pelepas. Usage of the Incoterm Free on Board (FOB) means the Seller fulfills his obligation when he delivers the goods on the ship rails at the named port of shipment. The buyers have to bear all costs and risks from that point of time. Cartage up to the port, inland insurance, port dues and loading charges into the ship are to be borne by the seller. The seller has to take care of all these expenses. The term can only be used for sea or inland water transport.
Case 12-1
Dwaine’s Post
2. In each of the scenarios earlier, identify the benefits versus the costs for both viewpoints.
Transportation Safety- It has been expressed that Electronic logging devices (ELD’s) are expensive and put a burden on small trucking companies and independent truck drivers because of the cost per unit. On the other hand ELDS have many benefits to include these 4 benefits:
· Driver –Vehicle Inspection reports (DVIR)- Before hitting the road truck drivers are required to fill out at DVIR, which is a checklist verifying all points to include; tires, windows, safety equipment, in cab components etc. Now drivers can annotate the inspection on a tablet which is then uploaded into a cloud.
· Driver Safety- ELD’s can monitor the trucks ECM or computer system. With this monitoring it can identify a driver’s behavior such as speeding, maneuvers, idling and it will monitor driver trends. This can encourage drivers to operate the motor vehicle safely.
· Vehicle diagnostics- ELD’s can report real time and retrospective reports on fuel, carbon, odometer and fault codes. With these reports, it allows a company to identify and build a correct maintenance plan which help avoid costly down times.
· Fuel Efficiency- Fuel is considered one of the most costly expenses in truckoing. ELD’s can monitor driver behavior and idle times. With this information it can promote a fuel efficient driver and save the company money by understanding how much fuel each truck is going through.
Transportation Security- Despite the complaints of people complaining about increase travel times, their privacy being invaded and an increase in costs for passenger and airlines, our safety is a priority and the TSA helps maintain that at airports. There are many benefits of having TSA on site performing their duties, the most important is providing security and help giving some relief that you will be safe. TSA also, offers Pre Check for people who are on the hurry. Pre Check is supposed to cut down on wait times and it is good for about 5years.
3. Should the government intervene in setting regulations to increase transportation safety and security? Or should private industry take on this role? Discuss.
The government’s role in transportation safety is to ensure safety and promote an efficient and a convenient way to travel. Also government provides security in the transportation industry by setting up screening points at airports, check points at borders and around major highways. The government should continue to intervene in setting regulations, with new technology on roadways and different threats to national security, the government needs to learn the latest trends to combat these issues to make transportation safe and secure. I’m not saying the government should have full control, but it should be balanced so the private industry can function efficiently and provide intermodal services that keeps everyone connected.
Miles, P., Miles, P., Trimble, Miles, P., Miles, P., Field Service Management, & Field Service Management. (2020, February 16). 5 Hidden Benefits of ELDs (Electronic Logging Devices). Retrieved April 22, 2020, from https://constructible.trimble.com/construction-industry/5-hidden-benefits-of-elds-electronic-logging-devices
Randall’s Post
2. In each of the scenarios earlier, identify the benefits versus the costs for both viewpoints.
Transportation safety has many benefits that outweigh the cost of electronic logging devices (ELD). Each ELD costs $2,500 per unit and can seem a bit expensive for small companies and independent truckers but that one-time fee can save them a lot of money in the long run. Because these devices are not easily manipulated it forces drivers to accurately log their hours of service which means the roads are safer because the driver is forced to rest. Although productivity may take a small hit, it saves companies money by using these devices because it reduces the risk of accidents.
Transportation security has its benefits because it protects against terrorist attacks and other dangers. Although it may increase travel time and increase costs a little per flight, it ensures passengers that their safety is important and makes them feel better about spending the extra money.
3. Should the government intervene in setting regulations to increase transportation safety and security? Or should private industry take on this role? Discuss.There is a need for the government to intervene in form of setting up the regulations that increase the security in the environment as the private industries are largely driven by the motives of making more profits than other. If the private industries would have a single opinion of not causing harm to the environments while they operate, it would have been easier to control the harm without regulations. However, this is not the case, and the firms if let unregulated would lead to degradation of the environment and harm the sustainability.
Tie3D
312W6PeerReview.docx
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