Question

Discuss the duties of an exporter under FOB and CIF contract. Describe the major legal implications of FOB contract.

21 Sep 2022
Answer :
Word Count : 407

FOB duties:-

  • Careful loading of goods on the ship named by the buyer.
  • Meeting the expenses of loading the goods.
  • Entering into a contract with the shipping company for the purpose of transportation of the goods and getting the bill of lading. The contract will be based on reasonable terms.
  • Delivery of bill of lading to the buyer.
  • Notifying the buyer about the shipment to enable him to insure the goods at the time of transit via sea route.
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