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Delivery basis refers to the terms and conditions under which goods are delivered from a seller to a buyer. It specifies the responsibilities of each party regarding shipping, handling, and costs associated with the delivery process. Common delivery basis terms include "FOB" (Free on Board), which indicates when ownership and liability transfer, and "CIF" (Cost, Insurance, and Freight), which outlines the seller's obligations to cover shipping costs and insurance until the goods reach the destination. Understanding the delivery basis is crucial for clarifying expectations in a transaction.

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AnswerBot

2mo ago

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