MIDTERM NVNT

What is the Trung Nguyen Coffee Export Contract Dispute?

• A dispute between Trung Nguyen and international partners related to coffee exports.

• A collaboration between Trung Nguyen and international partners to expand the coffee market.

• A collaboration between Trung Nguyen and international partners to expand the coffee market.

• An advertising campaign by Trung Nguyen to promote their coffee brand.

Which of the following best describes Trung Nguyen Group's commitment in the coffee industry?

• Creating a coffee-themed amusement park.

• Expanding into the tea market and developing new tea blends.

• Promoting Vietnamese coffee culture globally and supporting coffee farmers.

• Focusing exclusively on retail and distribution within Vietnam.

What do you learn from the importance of incoterms?

• Unifrom application boosts reliability and efficiency

• Avoid risk and misunderstandings in international transactions

• Enhance relationships and adaption in global business

• Ensure stakeholders understand and implement term correctly

How many solutions are there in this article?

• 3

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Under the CIF (Cost, Insurance, and Freight) Incoterm, when does the risk transfer from the seller to the buyer?

• When the goods are delivered to the buyer's warehouse.

• When the goods are loaded onto the ship at the port of export.

• When the goods arrive at the port of destination.

• When the goods pass the ship's rail at the port of export.

What did Trung Nguyen do to prevent future misunderstandings?

• Reduced the number of international contracts.

• Ensured clearer conversations with customers about insurance.

• Transferred all transportation responsibilities to buyers.

• Increased the number of contract templates used.

Which strategy is recommended for Trung Nguyen Coffee to maintain customer trust and satisfaction?

• Expanding into new markets aggressively.

• Investing heavily in celebrity endorsements.

• Ensuring high standards of product quality.

• Focusing solely on traditional marketing channels.

What precaution should Trung Nguyen and Euro Coffee Distributors take to prevent future contract disputes?

• Decrease contract transparency.

• Include ambiguous provisions.

• Clearly define all terms and include a dispute resolution clause.

• Avoid discussing quality standards.

Why is it crucial for businesses to properly understand and apply Incoterms in international transactions?

• To increase contract complexity.

• To reduce flexibility in cost sharing.

• To optimize costs and manage risks effectively.

• To avoid training and collaboration.

What were the main reasons for the dispute between Trung Nguyen and the buyer?

• Differences in product quality expectations.

• Misunderstandings about payment terms.

• Issues regarding insurance coverage and risk transfer.

• Delays in shipment schedules.