Which of the following illustrates a shipment contract?
A)Ex-ship.
B)F.O.B. place of shipment.
C)No arrival, no sale.
D)All of the above are shipment contracts.

Question

Quizplus · Accepted Answer

F.O.B. (Free on Board) place of shipment is a shipment contract in which the seller bears the responsibility of delivering the goods to the carrier and loading them on the ship. Once the goods are loaded, the buyer assumes responsibility for the shipment. Ex-ship and no arrival, no sale are both arrival contracts, where the seller is responsible for delivering the goods to the port of destination. Therefore, D is incorrect.

Which of the Following Illustrates a Shipment Contract