Transfer of risk in sale of goods on shipment terms
A seller f.o.b. performs his obligation by putting the goods which conform with the contract onboard the ship at his expense. The general rule in f.o.b. contracts is that risk passes on shipment and according to the traditional view, this is made when the goods cross the ship's rail. The seller in c.i.f. contract performs his obligation by tender the proper documents i.e. a bill of lading, a p
