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FOB (Free On Board)
A term used in shipping agreements to indicate that the seller is responsible for goods until they are loaded on a transport vessel, after which the buyer assumes responsibility.
Delivery Ex-Ship
Delivery Ex-Ship (DES) is a term used in international trade that indicates the seller is responsible for delivering the goods to a designated port and the buyer is responsible for unloading.
Risk Of Loss
A legal principle determining who bears the financial burden if goods are damaged, destroyed, or lost during a transaction.
Types Of Title
Distinct legal rights to own, use, and manage property, including full ownership and leasehold.
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