How are the shipping terms C.I.F. and F.O.B. point of shipment similar to each other?
A) Both require the seller to bear the expense and risk of loss until the goods are tendered to the buyer at the place of destination.
B) Both require the seller to bear the expenses and risk of loss when handing the shipment to a carrier.
C) Both require the seller to deliver and tender the goods alongside the named vessel provided by the buyer.
D) Both require the seller to bear the expense and risk of loss until the goods are unloaded from the ship at its port of destination.
Correct Answer:
Verified
Q17: Goods that are part of a larger
Q18: Goods that are already in existence but
Q19: Article 2 of the Uniform Commercial Code
Q20: The term _ refers to the legal,
Q21: Which of the following is true for
Q23: Which of the following parties to a
Q24: Kenneth purchased a car from his local
Q25: Article 2 of the Uniform Commercial Code
Q26: Kenneth purchased a car from his local
Q27: The _ bears the risk of loss
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