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What is the difference between a shipment contract and a destination contract?
Wiki User
∙ 13y ago
By default, under many state laws, goods remain the property of the seller until they are delivered to the customer's destination, i.e., a destination contract, sometimes including the terms FOB Buyer.
Upon agreement, a shipping contract can be FOB Seller, meaning that title transfers once the seller has delivered it to the shipping company, meaning that the buyer would need to buy insurance for the shipment.
Wiki User
∙ 13y ago
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