Rifah Co is exporting dates, nuts, and other dried goods from Lebanon to Sam's Importing in Halifax. Rifah insists that the shipping term in its sales contract is "FOB (INCOTERMS 2000) Ship "X" Beirut." This means that Rifah Co is responsible for
A) putting the goods on board Ship "X" in Beirut harbour, but risk of loss do not pass to the buyer until the goods reach Halifax.
B) putting the goods on board Ship "X" in Beirut harbour, where risk of loss passes to the buyer.
C) ensuring that the price of the goods does not fluctuate and that the goods arrive in appropriate condition.
D) making the goods available to Sam's Importing at its warehouse in Halifax, where risk of loss and ownership pass to the buyer.
E) making the goods available to Sam's Importing at Rifah's warehouse premises in the suburbs of Beirut, where risk of loss and ownership pass to the buyer.
Correct Answer:
Verified
Q25: In order to counteract subsidization by a
Q26: The principal difference between domestic and international
Q27: SuperFit Inc is a Toronto- based distributor
Q28: From a legal point of view the
Q29: Canuck Export Inc agreed to deliver goods
Q31: Helena is the owner of a Korean
Q32: It can most accurately be said that
Q33: The principle of strict compliance in relation
Q34: Great Plains Inc, a Canadian company based
Q35: Assuming that the general rules apply,which of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents