Hello all, I received below question from one of my readers..
I would like to know your opinion on this question to help out the reader and whether he is right in his below statement(s)..??
Can a supplier selling on FOB – containerised cargo – arrange for shipment with the shipping line?
Am asking this question as the payment term to my buyer is “payment against fax copy of BL”.
If buyer arranges shipment, our concern is that if buyer arranges for shipment for this FOB sale, he can direct shipping company to release cargo without a BL.
*** End of Article ***