Chapter TWO:International Sales … continued

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Chapter TWO:International Sales … continued College of Law, Al-Mustansiriyah U. Fourth Year Course in Mercantile Contracts 2016-2017 First semester Lecture #10 Chapter TWO:International Sales … continued Focus on incoterms

Variance in seller and buyer duties and obligations The duties and obligations for the seller and buyer are different in each incoterm according to its requirements. In Ex Ship, the seller provides the goods to the buyer on board the ship at the destination named in the contract. On the other hand, in Ex Quay, the seller provides the goods on the quay at the destination named. Delivered Duty Paid signifies the seller's minimum obligations and the buyer's maximum obligations.

Term, word and phrase meaning Involved, safety, arrival, quay, delivered, naming, denotes, extreme, maximum, irrespective of, mode.