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Factors influencing the choice of incoterms among malaysian manufactures

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...

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Main Authors: Yaakub, Sabariah, Leong, Ying Szu
Format: Conference or Workshop Item
Published: 2017
Subjects:
HG Finance
Online Access:http://repo.uum.edu.my/24462/
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spelling my.uum.repo.244622018-07-26T02:42:13Z http://repo.uum.edu.my/24462/ Factors influencing the choice of incoterms among malaysian manufactures Yaakub, Sabariah Leong, Ying Szu HG Finance 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 Conference or Workshop Item PeerReviewed Yaakub, Sabariah and Leong, Ying Szu (2017) Factors influencing the choice of incoterms among malaysian manufactures. In: E-Proceeding of the 6th international conference on sciences research 2017, 2017, Melia Kuala Lumpur.
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/
topic HG Finance
spellingShingle HG Finance
Yaakub, Sabariah
Leong, Ying Szu
Factors influencing the choice of incoterms among malaysian manufactures
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 of incoterms among malaysian manufactures
title_short Factors influencing the choice of incoterms among malaysian manufactures
title_full Factors influencing the choice of incoterms among malaysian manufactures
title_fullStr Factors influencing the choice of incoterms among malaysian manufactures
title_full_unstemmed Factors influencing the choice of incoterms among malaysian manufactures
title_sort factors influencing the choice of incoterms among malaysian manufactures
publishDate 2017
url http://repo.uum.edu.my/24462/
_version_ 1644284060550299648
score 13.211869

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