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For example, $225K would be understood to mean $225,000, and $3.6K would be understood to mean $3,600. Multiple K's are not commonly used to represent larger numbers. In other words, it would look odd to use $1.2KK to represent $1,200,000. Ke – Is used as an abbreviation for Cost of Equity (COE).
In FOB contracts, the buyer is responsible to provide and maintain the custody transfer measurement systems on board the vessel for volume, temperature and pressure determination and the seller is responsible to provide and maintain the custody transfer measurement systems at the loading terminal such as the sampling and gas analysis.
The CISG describes when the risk passes from the seller to the buyer [49] but it has been observed that in practice most contracts define the seller's delivery obligations quite precisely by adopting an established shipment term, [42] such as FOB and CIF. [50] Remedies of the buyer and seller depend upon the character of a breach of the contract.
With "FOB destination", the sale is complete at the buyer's doorstep and the seller is responsible for freight costs and liability during transport. [11] [12] The two terms have a specific meaning in commercial law and cannot be altered. But the FOB terms do not need to be used, and often are not.
CIF requires the seller to insure the goods for 110% of the contract value under Institute Cargo Clauses (A) of the Institute of London Underwriters (which is a change from Incoterms 2010 where the minimum was Institute Cargo Clauses (C)), or any similar set of clauses, unless specifically agreed by both parties.
The Detroit Free Press reported at the time that 634 of the jobs being cut then were at the GM Global Technical Center in Warren based on information provided to the state of Michigan.
With three weeks left in the 2024 NFL regular season, it seems likely that at least a few records will be broken. Keep an eye on these marks.
CIF — Coming into force; C.F.R. — Code of Federal Regulations; CFR — Call for Response (At the US Supreme Court, if the other side has stated it will not respond to a petition for cert., any Justice may direct the Clerk to call for a response.)