What are the obligations of the seller under the following terms: FAS, FOB and CIF?
FAS means that the seller fulfills his obligation to deliver when the goods have been placed alongside the vessel on the quay or in lighters at the named port of shipment.FOB means that the seller fulfills his obligation to deliver when the goods have passed over the ship’s rail at the named port of shipment.CIF means that the seller has the same obligations as under CFR but with the addition that he has to procure marine insurance against the buyer’srisk of loss or damage to the goods during the carriage. The seller contracts for insurance and pays the insurance premium.
举一反三
- Under FOB terms ,the seller fulfills his obligations when the goods are delivered on board the vessel at the port of shipment named in the sales contract.
- What are the seller's obligations under the CFR terms? A: To get the goods ready. B: To effect shipment C: To effect insurance D: To send the shipping advice after shipment
- Under ,the seller need to contract for insurance cover against the buyer’s risk of loss of or damage to the goods during the carriage（） A: CFR B: FOB C: FAS D: CIF
- The bank’s obligations under the L/C are independent from the buyer’s and seller’s obligations under the contract for the sale of goods.
- Under the price terms of FOB， CFR and CIF， the time of shipment can also thought to be as the time of delivery.。（ ）
内容
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Compared with the FOB， the seller will bear less obligations than CFR.。（ ）
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In accordance with Incoterms® 2020, importers under EXW at seller’s premises bear the same obligations and risks as under FCA at seller’s premises.
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Under （ ） term it is especially important for the seller to provide shipping advice to the buyer。 A: FOB B: CIF C: FCA D: CFR
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The seller should not pay the main carriage in _____________________. A: CFR B: CIF C: CPT D: CIP E: FCA F: FAS G: FOB
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Under FOB terms , the seller pay all freight fee and insurance from the time the goods have been delivered on board the ship at the named port of shipment .