Asked by Martin Sanchez on Apr 28, 2024
Verified
Goods are to be sent from Buffalo, NY to Raleigh, NC by UPS using the delivery terms F.O.B. Buffalo, NY. Where does tender occur?
A) Where the goods are identified.
B) Where the goods are shipped.
C) Where the goods are delivered and picked up by the buyer.
D) Where the goods are taken by the buyer.
F.O.B. Buffalo
An Incoterm meaning Free On Board Buffalo, indicating that the seller delivers when the goods are loaded on board a vessel at the Buffalo location, with the seller covering transportation to that point but the buyer taking responsibility thereafter.
Tender
An offer of payment or delivery of goods in fulfillment of an obligation or contract.
Buffalo, NY
A city in New York State, known for its snow-heavy winters and as the home of the Buffalo wings.
- Assess the relevance of transport conditions such as F.O.B., and their role in shifting the risk point between the seller and buyer.
Verified Answer
Learning Objectives
- Assess the relevance of transport conditions such as F.O.B., and their role in shifting the risk point between the seller and buyer.
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