Question 2 A 20ft load of Frozen Fish, valued at $100,000, was sold to an American seafood importer on FOB basis. The shipment was to be transported from the supplier in China, to the buyer located in New York via multimodal transport. The shipment was carried by sea from a port in China to the port of Los Angeles and then by truck to the final destination in New York. During transit, the truck carrying the said shipment was involved in a road accident and all the goods were destroyed consequent to the damage to the refrigeration unit.

Q1) Who is responsible for the damages to the goods? Provide justifications for your conclusions citing relevant laws and conventions.

Answer rating: 100% (QA)

Buyer is responsible for the damages under FOB incoterms In this scenario the buyer is responsible f... View the full answer