Law 5110 Study Guide - Quiz Guide: Standard Form Contract, Fundamental Breach, United Nations Convention On Contracts For The International Sale Of Goods
Document Summary
Incoterms are divided into 4 groups (c, d, e, f corresponding to the first letter of the terms) The c group (cfr/cif) seller has to contract for carriage up until the port/place of destination indicated, without assuming the risk of loss or damage to goods. If parties choose fob then the risk passes when the seller puts the goods in the vessel. In charge of the carriage to the port of export: the seller arranges for export/customs documents, the seller arranges for the export/customs documents and is in charge of the carriage to, the port of export. From here, the buyer assumes all risks and costs associated with the transportation of the goods to the final destination. Case law - st. paul guardians ins. v. neuromed medical systems gmbh (us federal. Conformity v. non-conformity: the meaning of conformity in accordance with art 35:
