Paper Title :Significance of INCO Terms in Supply Chain Management for Reduction of Procurement Cost
Author :B Vishnu
Article Citation :B Vishnu ,
(2017 ) " Significance of INCO Terms in Supply Chain Management for Reduction of Procurement Cost " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 81-93,
Volume-3,Issue-12
Abstract : This paper is prepared & submitted with an intention to explain the importance of INCO terms 2010 and also play
significance role in reduction/optimization of procurement cost for procurement of various materials such capital expenditure
items, consumables ( lube oil, HF HSD, HSD, Chemicals, Liquid nitrogen, gases, calibration gases, PPE items etc ), spares
(mechanical, electrical, instrumentation), project items ( static & rotary). Further, this paper shall provide details about buyer
& seller obligations for import & export of materials and also cost analysis charts for easy understanding of buyer & seller
obligation of risk, cost, document submission, custom clearance, loading & unloading, cargo readiness notices, transport
document and inspection of goods under various INCO Terms 2010.
Keywords -INCO (International Commercial Terms)
Type : Research paper
Published : Volume-3,Issue-12
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-10592
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Copyright: © Institute of Research and Journals
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Published on 2018-02-20 |
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