Bananas to buyer in New Orleans under CIF contract

Assignment Help Operation Management

Reference no: EM132219758

Suppose a seller in Panama sells a container of bananas to a buyer in the New Orleans under a CIF contract. Immediately after the bananas were loaded on board the ship in Panama, a labor strike prevented the vessel from sailing on time. As a result, the bananas were rotten when they arrived in New Orleans. The buyer sued for the value of the shipment. Will the seller be liable? Would it matter if the seller knew that a labor strike was likely?

Reference no: EM132219758

Questions Cloud

Discussion on the breakeven and potential profits : ACC00724 - Accounting for Managers - Southern cross university - How has your earlier educational background influenced your understanding of this subject

What is the role of demand forecasting : What is the role of demand forecasting? Discuss the benefits of using the SCOR five performance attributes.

Post an explanation of the role of lobbying and campaigning : Respond to at least two colleagues by explaining the various costs you think will be associated with their suggested policy changes.

Prepare a note amortization schedule for buffalo bank : On December 31, 2017, Flint Company signed a $ 1,038,100 note to Buffalo Bank. Prepare a note amortization schedule for Buffalo Bank

Bananas to buyer in New Orleans under CIF contract : Suppose a seller in Panama sells a container of bananas to a buyer in the New Orleans under a CIF contract.

What are the main health concerns that affect people at work : What are the main health concerns that affect people at work? What are some of the major ways we can reduce workplace stress?

What is efficient turnover : What is Efficient Turnover? What does a worker's earnings depend on?

What journal entry giant make to record such impairment : If Giant determined that entire amount of goodwill from its investment in Small was impaired in 2018, what journal entry Giant make to record such impairment

Identify strengths of the program in detail : Identify strengths of the program and how they led to goal accomplishment. Describe opportunities for improvement in the talent management planning process.

User Account

All Pages