A merchant-seller bears the risk of loss between the time of contracting and the time the buyer picks up the goods.

Question

Quizplus · Accepted Answer

According to the ICC Incoterms rules, if the chosen term is EXW (Ex Works), the seller's obligation is fulfilled when they make the goods available at their premises. Therefore, the risk of loss or damage to the goods passes from the seller to the buyer at the time of pick-up or collection.

A Merchant-Seller Bears the Risk of Loss Between the Time