Seller sells 4,000 diamonds to Buyer under Incoterms 2010 and loads them onto the HMS Bounty, a

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Seller sells 4,000 diamonds to Buyer under Incoterms 2010 and loads them onto the HMS Bounty, a ship that is designated by the Buyer. Seller’s agent replaces 10 of those diamonds with fake ones and is caught after the HMS Bounty has sailed and quartered. The ship’s bill of lading states that the 4,000 diamonds were in proper condition and are genuine. Seller sends an SOS to the HMS Bounty informing the captain of this discovery and informs Buyer as well before the ship arrives at port. However, when the HMS Bounty docks, Buyer demands 4,000 genuine diamonds and sues the ship for the value of the 10 replaced diamonds. Do you think the HMS Bounty and its crew are liable?

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Related Book For  answer-question

International Business Law Text Cases And Readings

ISBN: 9780273768616

6th International Edition

Authors: Ray A. August, Don Mayer, Michael Bixby

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