The Contract Term "Delivery Ex-Ship" Means That the Risk of Loss

question 11

True/False

The contract term "delivery ex-ship" means that the risk of loss does not pass to the buyer until the goods are properly unloaded from the ship or other carrier.

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Definitions:

Decentralization

The transfer of control and decision-making from a centralized entity to local or individual authorities.

Advantage

A condition or circumstance that puts a company or situation in a favorable or superior position compared to competitors.

Transfer Price

The price at which divisions of a company transact with each other, such as the exchange of supplies or labor between departments.

Market Price

The current price at which an asset or service can be bought or sold.