Question: When the contractual term FOB origin is used, without any other modified term added, it is the seller who is responsible for choosing and paying

When the contractual term FOB origin is used, without any other modified term added, it is the seller who is responsible for choosing and paying for the transportation and bears all the risks from the time the shipment leaves from the suppliers.

True

False

When the contractual term FOB origin is used, without any other

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Figure 3 shows the mechanism of a radial valve gear. The crank OA turns uniformly at 150 RPM and is pinned at A to rod AB. The point C in the rod is guided in a circular path with D as centre and DC...

$ millions for Research In Motion and Apple. 4-9, Nokia, Research in Motion, and Apple are competitors in the global marketplace. Key comparative figures for each company follow. Nokia* . . . . . . ....

Read the article below before answering the following questions. Passing of Risk in Convention on the International Sale of Goods Passing of risk is an indispensable issue of contract of sale...

Risk of Loss The transportation of goods from sellers to buyers can be a risky business. The carrier of the goods may lose, damage, or destroy them; floods, hurricanes, and other natural catastrophes...

Module 5: Individual Assignment Incoterms The Incoterm in a sales contract is used to allocate costs and risks that are included in the Sellers selling price to the buyer, and which the Buyer has to...

FAA APARTMENT LEASE CONTRACT NAA NATIONAL APARTMENT ASSOCIATION Date of Lease Contract: (when the Lease Contract is filled out) This is a binding document. Read carefully before signing. Moving In -...

I need to answer the questions around 5-6 pages. 1. Why is there a need for separate system for governmental accounting and reporting? 2. Why can't we use the same standards applicable for private...

Because of this, if Beats was to want to enter the Indian market, the best strategy for them to use would be the market skimming strategy. What are the ethical challenges posed by the cited pricing...

Transportation represents one of the most basic functions of logistics.The delivery of clothing and textile goods will generally take place with one or more of the following modes of transportation:...

Please provide detailed explainations for both the intorruction and the background. Thank you. VF Brands: Global Supply Chain Strategy It was August 2009. Chris Fraser, President, Supply Chain...

Hi. I am going to do research project in Managemeerial accounting. What i need is to come up with good research question from one of these two articles below. The research project is going to be very...

Discuss product alternatives and the three marketing strategies: domestic market extension, multi domestic markets, and global market strategies.

Arlington Co. reported income before income taxes of $10,000,000 for the year ending December 31, 2021. You learned the following related to the company's income taxes: - Tax depreciation will be...

Which of these questions should be asked daring an after - action review? Check ald that apply. Who was successful? Whe is to Blame? Why were there diflerences? What did we learn?

The annual demand for an item is 1,700 units. The order cost is $7. Unit cost is $8 and the unit holding cost per year is 18% of the item's value. The order quantity is 125 units. What are the total...