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TEA [102]
1 year ago
8

incoterms 2020 can be used for domestic and international purchases purchases involving ocean freight only international purchas

es only unregulated transactions
Law
1 answer:
Mumz [18]1 year ago
6 0

EXW, FOB, CFR, and DDP are the Incoterms that are most frequently used in relation to marine freight. They can be separated into two groups based on advantages for both buyers and sellers.

Simply said, FOB and EXW are the most advantageous rules for a buyer. They give the option of selecting a freight forwarder, who is in charge of planning a significant portion of the shipment. In contrast, the seller selects a freight forwarding company when using CFR or DDP.

Furthermore, compared to CFR and DDP, EXW and FOB terms offer more flexibility in terms of planning, budgeting, and transportation. Who pays for costs associated with, for example, loading and unloading, customs processes, and insurance are also determined under Incoterms 2020.

FOB is without a doubt the rule that is applied the most in maritime transit. It should be noted that this choice solely and only pertains to interior and maritime transportation.

Like FOB, CIF is only used in the context of maritime and inland shipping. It is the second most popular rule in marine transportation as a result. An alternative to CIF in this situation is a CIP rule. It is not advised to transport containers using CIF.

The Incoterms 2020 FCA rule is the foundation for about 40% of contracts throughout the world. The fundamental reason for this is that it pertains to all forms of transportation, including combination transport.

Any mode of transportation is subject to Incoterms 2020 DAP. This formula can also be applied to combined transportation, which combines several modes of transportation.

To know more about customs processes click here

brainly.com/question/14654945

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There has long been a traditional, local system of resolving disputes. Presidential Decree 1508 talks an unofficial "time-honored tradition of amicably settling disputes among family and barangay members at the barangay level without judicial resources".[7]

Alfredo Flores Tadiar was the principal author of Presidential Decree 1508, The Katarungang Pambarangay Law,[8] and he also wrote its implementing rules, requiring prior conciliation as a condition for judicial recourse.[citation needed] For 12 years (1980–1992), he was a member of the Committee of Consultants, Bureau of Local Government Supervision, which oversaw the nationwide operations of the Katarungang Pambarangay Law.[citation needed] Under the decree, the body was known as Lupong Tagapayapa .[7]

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Katarungang Pambarangay, or the Barangay Justice System is a local justice system in the Philippines. It is operated by the smallest of the local government units, the barangay, and is overseen by the barangay captain, the highest elected official of the barangay and its executive.[1] The barangay captain sits on the Lupon Tagapamayapa along with other barangay residents, which is the committee that decides disputes and other matters. They do not constitute a court as they do not have judicial powers.[2]

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The Katarungang Pambarangay share characteristics with similar traditional, hybrid courts in other countries such as the Solomon Islands, Papua New Guinea, Nigeria and South Africa, among others.[5] Such courts emerged during colonial periods as Western imperial powers introduced western legal systems.[5] The Western legal systems were usually applied to westerners while the local dispute resolution systems were integrated into the Western system in a variety of ways including incorporation of local decision makers into the government in some way.[5] After independence, many states faced the same problems as their former rulers, especially "limited geographical reach of state institutions, Western-modeled institutions often divorced from community structures and expectations, and resource constraints in the justice sector."[5] Hybrid courts became a "middle ground for supporting community decision-making while simultaneously expanding the authority and reach of the state."[5]

Besides "hybrid courts", other authors have described the system as a "Non-State Justice System".[6]

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