F.O.B Mind Map free essay sample

ARRANGE THE CARRIAGE OF THE GOODS (prepare the ship) 2. GIVE SUFFICIENT NOTICE TO THE SELLER (time, date, location of ship) 3. BEAR ANY COSTS (failure to prepare the ship as in contract) 4. BEAR THE RISK OF LOSS/ DAMAGE TO GOODS (once the ship start sailing) 5. OBTAIN APPROPRIATE LICENSES 6. PAY ANY COSTS INCIDENTAL TO THE IMPORTATION OF GOODS. 7. PAY FOR THE GOODS DUTIES OF SELLER 1. SUPPLY CONFIRMING GOODS (that have been ordered state in the contract) 2. DELIVER THE GOODS 3. PLACE GOODS (into the ship as been descript in the contract) 4. PAY ANY COSTS (if the is incidental while boarding the goods) ) 5. OBTAIN EXPORT LICENSE / OTHER DOCUMENT 6. PROVIDE PROOF OF DELIVERY IN THE MANNER AGREED F. O. B (FREE ON BOARD) * International contract whereby the seller promises to deliver goods on board ship and notify the buyer of the delivery. * Cases: Cowasjee v Thompson and Wimble Sons Co. v Rosenberg 1ST NOMINATION * BUYER HAVE FULL AUTHORITY AS THEY HAVE RIGHT TO SET TIME , DATE ,LOCATION OF BOARD THE GOODS. We will write a custom essay sample on F.O.B Mind Map or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 2ND NOMINATION * OCCUR WHEN FAILED TO NOMINATE AN EFFECTIVE VESSEL * IT MAY HAVE CHANCE TO CONTINUE THE CONTRACT PROVIDED THAT THERE IS TIME FOR SELLER TO LOAD PERFORM OTHER DUTIES.