An interesting question from a reader about who will get the claim amount in a CIF shipment where the cargo is damaged in transit.. The seller or the buyer..??
Read comments from an expert..
Insurance is a very important item in any business transaction.. Shipping is no different..
Will there be any impact on the insurance cover taken if the bill of lading issued for the shipment is an Express Bill of Lading..??
In the unpredictable industry of Shipping, it is always prudent for one to be comprehensively covered against all exigences.. This article discusses about one such exigency which is General Average..
Are Incoterms® EXW rules suitable for international trade..??
In a shipment on EXW terms – Who should pay for securing the cargo in the container..?? This is a question posed by a reader as below.. Here is my question : – cargo (wine in cartons, on pallets) will be exported from France to the USA – the term of sale is EXW –…