Open main menu
Home
Random
Recent changes
Special pages
Community portal
Settings
About Consumerium development wiki
Disclaimers
Consumerium development wiki
Search
User menu
Talk
Contributions
Log in
Editing
User:Jukeboksi/BBA studies/Law
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
== Business Negotiations and Contracts - Lesson 4 - Delivery terms == * The '''[[w:Incoterms|Incoterms]]''' rules or International Commercial Terms ( [[w:fi:Incoterm]] ) are a series of pre-defined commercial terms published by the [[w:International Chamber of Commerce|International Chamber of Commerce]] (ICC) that are widely used in International [[w:commercial transaction|commercial transaction]]s or [[w:procurement|procurement]] processes. A series of three-letter trade terms related to common contractual sales practices, the Incoterms rules are intended primarily to clearly communicate the tasks, costs, and risks associated with the transportation and delivery of goods. ( Wikipedia ) ::* '''[[w:Risk of loss|Risk of loss]]''' is a term used in the [[w:law|law]] of [[w:contract|contract]]s to determine which party should bear the burden of risk for damage occurring to goods after the sale has been completed, but before delivery has occurred. ( Wikipedia ) What triggers ''transfer of ownership'' and ''risk of loss''? # [[w:Law|Applicable law]] # [[w:Contract|Contract]] # [[w:Breach of contract|Breach of contract]] ( breaching party is liable ) # [[w:Delivery (commerce)|Delivery]] by [[w:common carrier|common carrier]] other then [[w:sales|seller]] ( loss of risk is transferred to buyer when delivery is completed as agreed in the contract ) ( Teacher )
Summary:
Please note that all contributions to Consumerium development wiki are considered to be released under the GNU Free Documentation License 1.3 or later (see
Consumerium:Copyrights
for details). If you do not want your writing to be edited mercilessly and redistributed at will, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource.
Do not submit copyrighted work without permission!
To protect the wiki against automated edit spam, we kindly ask you to solve the following CAPTCHA:
Cancel
Editing help
(opens in new window)