In the sea freight transportation, what determines the point when the risk associated with transportation transfer from the seller to buyer ?

Question

Shaik Alavudeen Amanullah · Answer

The most common risk are taking place in

1. Loaded container from supplier / shipper transfer from their warehouse to the load port

Risk no# 1 ( there are lot of chances for the goods to get damaged during transportation )

2. During Sailing

3. While unloading from the vessel

4. Transferring from port to the warehouse

the major risk to be consider is " Damage " -

But we can cover this damages value with help of claiming insurance

Jean Louwrens · Answer

The contract between the buyer and the seller stipulates when the risk is carried over from the one to the other.

- FOB Origin means that the buyer is at while the goods are shipped

- FOB Destination means that the seller is at risk until it reaches the buyer.

For more information on shipping and the industry Google "Incoterms"

Amr Saadawy · Answer

Inco-term is the basic asset to specify the risk between seller & buyer,

so it's deferntiated upon agreed inco-term.

Abdullah Mohammad · Answer

Product and commodity damage, while moving from vessel to storage is one of the major risks i have personally faced.