Which of the following best illustrates a shipment contract?
A)C.I.F.
B)F.O.B.place of shipment.
C)F.A.S.seller's port.
D)All of the above are shipment contracts.

Question

Quizplus · Accepted Answer

All the options (C.I.F., F.O.B. place of shipment, and F.A.S. seller's port) are types of shipment contracts where the seller's responsibility is to deliver the goods to a carrier, and the risk of loss passes to the buyer once the goods are handed over to the carrier.

Which of the Following Best Illustrates a Shipment Contract