Arrival of the goods at the destination without any damage

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Reference no: EM132231851

True or False. For the false statement, please state the specific reasons.

1) CFR indicate that the seller must guarantee the arrival of the goods at the destination without any damage.

2) The main difference between a CIF contract and a DAP contract lies in the fact that former is a symbolic delivery of goods, whereas the latter is a physical delivery of goods.

3) The common feature of an FOB contract and an FAS contract is that the seller must load the goods on a named ship.

4)Under FAS, the exporter should take the responsibility to unload the cargo alongside the ship at the port of shipment.

5) The importer should claim for compensation by exporter if the delivery delayed under arrival contract.

Reference no: EM132231851

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