Examlex
The gently sloping submerged surface extending from the shoreline toward the deep ocean is termed the ________.
Carrier
In telecommunications, an entity that provides services for transmitting data and communications; in transportation, a company responsible for transporting goods or passengers.
FOB
Stands for Free On Board, a term used in international shipping indicating that the seller bears the cost of loading goods onto a shipping vessel, while the buyer pays for transportation and insurance.
Shipment Contract
A sales agreement where the seller is obligated to send the goods to a specific destination, and the risk of loss passes to the buyer when the goods are delivered to the carrier.
Risk of Loss
The responsibility for the loss of goods during shipment, transfer, or at any time before the completion of a sale, typically determined by contract terms.
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Q30: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4728/.jpg" alt=" Examine the figure.
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