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- This topic has 8 replies, 2 voices, and was last updated 1 month ago by MikeLittle.
- February 17, 2023 at 8:39 am #679013
Stephen and Chan had a contract for the sale of goods between their respective countries. Chan arranged with a freight company for the shipment of goods and Stephen agreed to collect them from the port when they arrived.
When the ship arrived at destination, Stephen inspected the damaged goods and notified Chan that he refuses to pay for goods.Chan insists that as per incoterm Stephen bears all responsibility for goods once they are placed on the ship for export
What is the incoterm here?February 17, 2023 at 9:04 am #679015
Sir the answer for this in kaplan is Fob
But since seller arranges for the freight, shouldn’t it be cfr or cifFebruary 17, 2023 at 7:19 pm #679058
Krrish – when you send me a question, I need the FULL question
That is, I need not just the narrative but also the answer options!
Try me again with this one, pleaseFebruary 18, 2023 at 2:04 am #679063
ExwFebruary 18, 2023 at 9:49 am #679076
I think that the answer should be CFR
OK?February 18, 2023 at 10:15 am #679081
Thanks sir i also thought same
But kaplan says fob
Looks like kaplan has made some mistakesFebruary 18, 2023 at 10:34 am #679085
Don’t we all? 🙂February 18, 2023 at 11:56 am #679093
Opentuition doesn’t 🙂February 18, 2023 at 3:03 pm #679100
That is SO loyal of you, but I have to admit that, just very occasionally, even Opentuition has the odd lapse.
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