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Question: which of the following best explains a tender a situation...

Question details

Which of the following best explains a ‘Tender’?

a.

Situation where a buyer asks for bids from a single supplier.

b.

Situation where a buyer asks for bids from different suppliers, creating a level playing field.

c.

Situation where a buyer asks for expressions of interest from a single supplier.

d.

Situation where a buyer asks for expressions of interest from different suppliers.

Which of the following better explains ‘free alongside ship (FAS)’?

a.

The seller must pay the costs and freight to bring the goods to the port of destination and procure and pay for the insurance.

b.

The seller must load the goods on board the vessel nominated by the buyer.

c.

The seller must place the goods alongside the ship at the named port.

d.

The seller must pay the costs and freight to bring the goods to the port of destination.

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