Question

Risk of loss remains with the seller during shipment when they ship a product to a...

Risk of loss remains with the seller during shipment when they ship a product to a buyer under the terms FOB.

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Answer #1

The answer is False

In a deal for shipping, the buyer bears the possibility of failure for the goods before they are finally received. The seller's primary responsibility here is to bring the goods to a common carrier and to make proper shipping plans for the goods to hit the seller. After that, under a shipping contract the buyer shares the burden of failure if any damage happens and is responsible for the costs. A deal for shipping may be identified with a language specifying that it is free on board and the town where the seller is based.

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