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 #7 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 Works, the seller's only responsibility is to make the goods available at his premises. In FOR/FOT, the seller bears all costs and risks of the goods until they are delivered into the custody of the railway.

Term, word and phrase meaning responsibility, premises, available, loading, vehicle, bears, cost, risk, desired destination, minimum.