This week\’s reading material covered Contracts (Ch. 5), Terms of Trade (Ch. 6), Terms of Payment (Ch. 7), Transaction Risks (Ch. 8), Documents (Ch. 9), and Insurance (Ch. 10). The article, NAU Shipping Wood Chips To South Korea To Help With Wildfire Prevention, briefly describes a new initiative to ship wood chips from Northern Arizona to Asian countries where they will be used as biofuel for power plants. The article, Report Analyzes Biomass Supply, Demand in Asia to 2030, briefly describes the potential demand in Asia for wood pellets/chips.
Regarding the initial shipment from NAU in Flagstaff to South Korea, rank order the six topics (titles of Chapters 5 through 10) from most important to least.
Explain how each of the six topics do, or do not, relate to the shipment.
Regarding the potential for a successful ongoing business shipping wood chips from Northern Arizona to Asian countries, would you change the order of importance? Explain.
Explain how each of the six topics (titles of Chapters 5 through 10), would, or would not, relaluvte to the ongoing business.
Article links:
https://kjzz.org/content/1101146/nau-shipping-wood-chips-south-korea-help-wildfire-prevention?fbclid=IwAR2d7tjICM9GIJtIcfzkjW54XhFq-NM7kPC0o6lu3rLDQkTmgIWsXXM7gRk
http://biomassmagazine.com/articles/15284/report-analyzes-biomass-supply-demand-in-asia-to-2030
This week\’s reading material covered Contracts (Ch. 5), Terms of Trade (Ch. 6),
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