A comparative study on the use of country’s import CIF/FOB ratios to measure international transport costs.
| dc.contributor.advisor | Chasomeris, Mihalis Georgiou. | |
| dc.contributor.author | Anieto, Anthony Francis Tochukwu. | |
| dc.date.accessioned | 2020-04-06T16:14:37Z | |
| dc.date.available | 2020-04-06T16:14:37Z | |
| dc.date.created | 2015 | |
| dc.date.issued | 2015 | |
| dc.description | Masters Degree, University of KwaZulu-Natal, Durban. | en_US |
| dc.description.abstract | This study examines the use of a country’s import cif/fob ratios (import ad valorem shipping costs) as a measure for international transport costs. The study seeks to source, compile, calculate and compare the country cif/fob ratios for South Africa, the United States of America, Germany, Venezuela, and Australia from the year 1980 to 2012. The study seeks to establish whether there is a relationship between a country’s import cif/fob ratio and a country’s composition of imports, as measured by the standard international trade classification (SITC) data. Empirical evidence is provided that the cif/fob ratios, are frequently misused, incorrectly recorded and miscalculated. They are therefore not reliable and they misrepresent the actual direct shipping and international transport costs of countries. The import cif/fob ratios of each country studied were correlated with each country’s composition of imports. The results for the United States of America, Germany and Australia show that when a country’s trade data are correct and reliable, a country’s imports composition of trade has a substantial and statistically significant effect on the level and variation of that country’s imports cif/fob ratios. Hence, the ratio cannot be relied on or be used as a measure of a country’s direct shipping costs (ad valorem shipping costs) without the context of the country’s imports composition. Furthermore, the results for South Africa and Venezuela show that import cif/fob ratios are inaccurate and unreliable indicators of shipping costs and should not be used as a direct measure of international transport costs. | en_US |
| dc.identifier.uri | https://researchspace.ukzn.ac.za/handle/10413/17642 | |
| dc.language.iso | en | en_US |
| dc.subject.other | International transport costs. | en_US |
| dc.subject.other | Ratios to measure. | en_US |
| dc.subject.other | Comparative study. | en_US |
| dc.subject.other | Import CIF/FOB ratios. | en_US |
| dc.title | A comparative study on the use of country’s import CIF/FOB ratios to measure international transport costs. | en_US |
| dc.type | Thesis | en_US |
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