International Journal of Management and Applied Science (IJMAS)
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Volume-4,Issue-7  ( Jul, 2018 )
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Sep. 2018
Submitted Papers : 80
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Acc. Perc : 12%
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  Journal Paper




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

Indexed : Google Scholar


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