COMMON TRADE TERMS
F.O.B.
• “Free on Board” • “Suitable shipping condition”(Good Delivery) will assure delivery at contract destination without abnormal deterioration • Buyer assumes all risk in transit not caused by seller • Unless negotiated as part of the contract, there is no requirement to meet a specific grade at destination, i.e.“U.S . No. 1” • At time of sale, any exclusion must be disclosed and agreed upon & must be documented on the invoice and passing i.e. “All sales no grade contract”
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