{"title":"The Rights and Duties of the Transacting Parties Under FOB International Sales Contract","authors":"Puja Soni","doi":"10.2139/SSRN.2423707","DOIUrl":null,"url":null,"abstract":"'Free on board' or FOB is a trade phrase frequently invoked in an international as well as domestic sale contracts. The character of fob contract in trade law is to certify that the contract of sale, entered between vendor and purchaser, is followed by the buyer as the seller’s liability is limited to the shipment of goods. Risk of loss and property (title) in goods pass on the buyer when the goods are delivered on board of the nominated ship.","PeriodicalId":255520,"journal":{"name":"English & Commonwealth Law eJournal","volume":"87 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2014-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"English & Commonwealth Law eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/SSRN.2423707","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
'Free on board' or FOB is a trade phrase frequently invoked in an international as well as domestic sale contracts. The character of fob contract in trade law is to certify that the contract of sale, entered between vendor and purchaser, is followed by the buyer as the seller’s liability is limited to the shipment of goods. Risk of loss and property (title) in goods pass on the buyer when the goods are delivered on board of the nominated ship.