Passage of risks and ownership - international trade
The question of the exact time when ownership and risks of loss of or damage to goods pass from sellers to buyers is determined by international and national legal acts and contracts. The determination of the time when risks and ownership pass from an international seller of goods to a buyer is important both for assessing the liability exposure of…
Marine, Bill of Lading, Cargo, Passage of Risks and Ownership Author: Aramayis Galichyan