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Factors influencing the choice in Incoterms among Malaysian manufacturers

The International Commercial Terms (Incoterms), introduced and governed by International Chamber of Commerce (ICC) are standard trade terms used in international and domestic sales contract. The latest version, INCOTERMS 2010 states the obligations and responsibilities of importers and exporters r...

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Main Authors: Yaakub, Sabariah, Leong, Ying Szu
Format: Conference or Workshop Item
Language:English
Published: 2017
Subjects:
HD28 Management. Industrial Management
Online Access:http://repo.uum.edu.my/23069/1/ICSSR%202017%201%2011.pdf
http://repo.uum.edu.my/23069/
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spelling my.uum.repo.230692018-02-13T03:46:57Z http://repo.uum.edu.my/23069/ Factors influencing the choice in Incoterms among Malaysian manufacturers Yaakub, Sabariah Leong, Ying Szu HD28 Management. Industrial Management The International Commercial Terms (Incoterms), introduced and governed by International Chamber of Commerce (ICC) are standard trade terms used in international and domestic sales contract. The latest version, INCOTERMS 2010 states the obligations and responsibilities of importers and exporters regarding transport costs and risks as well as the responsibilities for insurance and customs formalities.This paper seeks to find out the most frequently used Incoterms and examine the factors that influences the choice of Incoterms among Malaysian manufacturers. Data was collected using survey methods and then analysed using univariate (descriptive) analysis. A total of 335 questionnaires were distributed to manufacturers in Malaysia using a sampling framework from the Federation of Malaysian Manufacturers (FMM). Of the 335 questionnaires distributed, 60 were returned yielding a response rate of 17.9%. Findings indicate that FOB (Free On Board) were the most frequently used Incoterms and that the factors that influence choice of Incoterms can be divided into two types: external environments and internal factors. Among the external environment, the strongest influence are freight issue, transport issue and tariff classification. For the internal environment, the strongest influence comes from mode of transportation, habits and practices of the organization and experience of the company.The main contribution of this study is towards narrowing the gap in knowledge regarding Incoterms as past research indicated that it is still relatively unknown and should highlight Incoterms selection, among others. 2017-12-04 Conference or Workshop Item PeerReviewed application/pdf en http://repo.uum.edu.my/23069/1/ICSSR%202017%201%2011.pdf Yaakub, Sabariah and Leong, Ying Szu (2017) Factors influencing the choice in Incoterms among Malaysian manufacturers. In: 6th International Conference On Social Sciences Research 2017, 4th December 2017, Melia, Kuala Lumpur, Malaysia..
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HD28 Management. Industrial Management
spellingShingle HD28 Management. Industrial Management
Yaakub, Sabariah
Leong, Ying Szu
Factors influencing the choice in Incoterms among Malaysian manufacturers
description The International Commercial Terms (Incoterms), introduced and governed by International Chamber of Commerce (ICC) are standard trade terms used in international and domestic sales contract. The latest version, INCOTERMS 2010 states the obligations and responsibilities of importers and exporters regarding transport costs and risks as well as the responsibilities for insurance and customs formalities.This paper seeks to find out the most frequently used Incoterms and examine the factors that influences the choice of Incoterms among Malaysian manufacturers. Data was collected using survey methods and then analysed using univariate (descriptive) analysis. A total of 335 questionnaires were distributed to manufacturers in Malaysia using a sampling framework from the Federation of Malaysian Manufacturers (FMM). Of the 335 questionnaires distributed, 60 were returned yielding a response rate of 17.9%. Findings indicate that FOB (Free On Board) were the most frequently used Incoterms and that the factors that influence choice of Incoterms can be divided into two types: external environments and internal factors. Among the external environment, the strongest influence are freight issue, transport issue and tariff classification. For the internal environment, the strongest influence comes from mode of transportation, habits and practices of the organization and experience of the company.The main contribution of this study is towards narrowing the gap in knowledge regarding Incoterms as past research indicated that it is still relatively unknown and should highlight Incoterms selection, among others.
format Conference or Workshop Item
author Yaakub, Sabariah
Leong, Ying Szu
author_facet Yaakub, Sabariah
Leong, Ying Szu
author_sort Yaakub, Sabariah
title Factors influencing the choice in Incoterms among Malaysian manufacturers
title_short Factors influencing the choice in Incoterms among Malaysian manufacturers
title_full Factors influencing the choice in Incoterms among Malaysian manufacturers
title_fullStr Factors influencing the choice in Incoterms among Malaysian manufacturers
title_full_unstemmed Factors influencing the choice in Incoterms among Malaysian manufacturers
title_sort factors influencing the choice in incoterms among malaysian manufacturers
publishDate 2017
url http://repo.uum.edu.my/23069/1/ICSSR%202017%201%2011.pdf
http://repo.uum.edu.my/23069/
_version_ 1644283684522557440
score 13.211869

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