In a contract for FOB place of shipment, the risk of loss passes to the buyer at the same time as title does: when the goods are delivered to the carrier, that is, at the time and place of shipment.

Question

Quizplus · Accepted Answer

FOB (Free on Board) place of shipment means that the seller is responsible for delivering the goods to the carrier and loading them onto the shipping vessel. The risk of loss transfers to the buyer at the same time as title when the goods are delivered to the carrier, meaning that once the goods leave the seller's possession, the buyer assumes all risks and losses during transportation. Therefore, the statement is true.

In a Contract for FOB Place of Shipment, the Risk