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The responsibilities of a seller include providing accurate descriptions of the products or services offered, ensuring that items are delivered in a timely manner, and maintaining clear communication with buyers throughout the transaction process. Sellers must also adhere to relevant laws and regulations, including those related to consumer rights and product safety. Additionally, they are responsible for handling returns and addressing customer complaints or issues to ensure satisfaction.
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What are the responsibilities of a seller agent in a real estate transaction?
A seller agent in a real estate transaction is responsible for representing the interests of the seller. This includes marketing the property, negotiating offers, and guiding the seller through the selling process. The agent must act in the best interests of the seller and provide them with accurate information and advice.
What is FOB pricing for Ethiopia?
Freight On Board. Usually the seller will designate whether it is F.O.B. at his store/plant or if it is F.O.B. your destination. This determines who is liable for the freight risks/costs. F.O.B. to your door is always better. It shifts the responsibilities/costs to the seller.
What does CIP DUP and DDU freight terms mean?
CIP (Carriage and Insurance Paid to) means the seller pays for transportation and insurance to a specified destination, transferring risk to the buyer once the goods are handed over to the carrier. DDP (Delivered Duty Paid) indicates that the seller takes on all responsibilities, including shipping and customs duties, delivering the goods ready for unloading at the buyer's location. DDU (Delivered Duty Unpaid) means the seller delivers the goods to the buyer's location but does not cover customs duties or taxes, leaving those responsibilities to the buyer.
What is CIP in Letter of Credit?
CIP is the Incoterm that defines the responsibilities and obligations of the seller and buyer.CIP(Carriage & insurance Paid to)The seller must pay the costs and freight required in bringing the goods to the named port of destination. This term requires the seller to clear the goods for export. The seller has the responsibility of obtaining insurance against the buyer's risk of loss or damage of goods during the carriage to the named destination. The risk of loss or damage to the goods occurring after the delivery has been made to the carrier is transferred from the seller to the buyer. This term can be used for all modes of transport.
What is franko price?
The franko price refers to a pricing term used in international trade, indicating that the seller is responsible for all costs and risks associated with delivering goods to a specified location, typically the buyer's premises. The seller covers expenses such as transportation, insurance, and customs duties until the goods reach their destination. This term aims to clarify responsibilities between buyer and seller in the transaction process.
What are the rights and duties of unpaid seller?
An unpaid seller has the right to get paid and the right to bring suit against a buyer who will not pay. He may have the right to place a lien on the buyer's property. On the other hand, he has the responsibility to do or deliver what was promised (in the condition it was said to be in). If there was a written contract, it may spell out other specific responsibilities.
What are the right and duty of unpaid seller explain?
An unpaid seller has the right to get paid and the right to bring suit against a buyer who will not pay. He may have the right to place a lien on the buyer's property. On the other hand, he has the responsibility to do or deliver what was promised (in the condition it was said to be in). If there was a written contract, it may spell out other specific responsibilities.
What do you mean by loco invoice?
A loco invoice is a type of billing document used in international trade that specifies the price of goods delivered at a specified location, typically the seller's premises. The term "loco" is derived from "locomotive," meaning "at the place of." This invoice indicates that the buyer is responsible for transportation costs from the seller's location, emphasizing that the seller's obligation ends once the goods are made available. It contrasts with other terms like "FOB" (Free on Board), where the seller's responsibilities extend to the point of loading onto a transport vessel.
What is Possessive form of seller?
The possessive form of "seller" is "seller's."
How do you spell the homophone of seller?
The homophone of "seller" is "cellar".
What is the possessive form of seller?
The possessive form of "seller" is "seller's."
What does freight allowed mean?
"Freight allowed" refers to a pricing arrangement where the seller covers the shipping costs to deliver goods to the buyer. This means that the buyer does not have to pay for transportation, which can be a significant incentive in negotiations. Typically, the seller incorporates these costs into the overall price of the product. This term is often used in commercial transactions to clarify shipping responsibilities.
