What terms would you insist be included in the sale contract so you would not bear the risk of loss
Explain in detail why you use specific words and terms (i. e. compare and contrast). FOB (free on board) This term is used in shipment contract to mean that the seller has to deliver goods to the buyer’s destination bearing all the risks involved. However, the seller is not the one responsible for ensuring that good reach the specific destination but rather he or she caters for the risks that occur when goods are on transit in the sea and indication that the buyer is in charge of ensuring the goods reach his specific destination. For instance FOB is similar to CIF because they both cover for the services that favor the buyer. Also there is a similarity between C&F and CIF because they both cater for the freight charges and the cost of goods.
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