346 



THE INDIA RUBBER WORLD 



[March 1, 1920. 



B. Ri: 



(1) Be rcspoiisibl 



must- 

 loss and/or damage incurred 

 thereafter. 



(2) Unload goods from cars. 



(3) Handle all subsequent movement of the goods. 



(4) Transport goods to vessel. 



(5) Pay all demurrage and/or storage charges. 



(6) Arrange for storage in warehouse or on wharf 

 where necessarj-. 



5. It may be that the goods, on which a price is quoted 

 covering the transportation of the goods to the seaboard, con- 

 stitute k-ss than a carload lot. In. this case, the proper term is: 



"F. O. B. Cars (named port) L. C. L." 

 Under this quotation : 



A. Seller must — 



(1) Deliver goods lo the initial carrier. 



(2) Secure railroad bill of lading. 



(3) Pay all freight charges from forwarding point to 

 port on seaboard. 



(4) Be responsible for loss and/or damage until goods 

 have arrived on cars at the named port. 



B. Buyer must — 



(1) Be responsible for loss and/or damage incurred 

 thereafter. 



(2) Handle all subsequent movement of the goods. 



(3) Accept goods from the carrier. 



(4) Transport goods to vessel. 



(5) Pay all storage charges. 



(6) Arrange for storage in warehouse or on wharf 

 where necessary. 



6. Seller may quote a price which will include the expense 

 of transportation of the goods by rail to the seaboard, includ- 

 ing lighterage. In this case, the proper term is: 



"F. O. B. Cars (named port) Lighter.^ge Free." 

 Under this quotation : 



A. Seller must — 



(1) Place goods on or in cars. 



(2) Secure railroad bill of lading. 



(3) Pay all transportation charges to. including light- 

 erage at, the port named. 



(4) Be responsible for loss and/or damage until goods 

 have arrived on cars at the named port. 



B. Buyer must — 



(1) Be responsible for luss and/or damage incurred 

 thereafter. 



(2) Handle all subsequent movement of the goods. 



(3) Take out the insurance necessary to the safety of 

 the goods alter arrival on the cars. 



(4) Pay the cost of hoisting goods into vessel where 

 weight of goods is too great for ship's tackle. 



(5) Pay all demurrage and other charges, except light- 

 erage charges. 



7. The seller may desire to quote a price covering delivery 

 of the goods alongside overseas vessel and within reach of its 

 loading tackle. In this case, the proper term is : 



"F. A. S. vessel (named port)." 

 Under this quotation : 



A. Seller must — 



(1) Transport goods to seaboard. 



(2) Store goods in warehouse or on wharf if neces- 

 sary, unless buyer's obligation includes provision 

 of shipping facilities. 



(3) Place goods alongside vessel either in a lighter or 

 on the wharf. 



(4) Be responsible for loss and/or damage until goods 

 have been delivered alongside the ship or on wharf. 



B. Buyer must — 



(1) He responsible for loss and/or damage thereafter, 

 and for insurance. 



(2) Handle all subsequent movement of the goods. 



(3) Pay cost of hoisting goods into vessel where 

 weight of goods is too great for ship's tackle. 



8. The seller may desire to quote a price covering all ex- 

 ])enses up to and including delivery of the goods upon the over- 

 seas vessel at a named port. In this case, the proper term is : 



"F. O. B. vessel (named port)." 

 Under this quotation : 



A. Seller must — 



(1) Meet all charges incurred in placing goods actually 

 on board the vessel. 



(2) Be responsible for all loss and/or damage until 

 goods have been placed on board the vessel. 



B. Buyer must — 



(1) Be responsible for loss and/or damage thereafter. 



(2) Handle all subsequent movement of the goods. 



9. The seller may be ready to go farther than the delivery 

 of his goods upon the overseas vessel and be willing to pay 

 transportation to a foreign point of delivery. In this case, the 

 proper term is : 



"C. & F. (named foreign port)." 

 Under this quotation : 



A. Seller must — 



(1) Make freight contract and pay transportation 

 charges sufficient to carry goods to agreed desti- 

 nation. 



(2) Deliver to buyer or his agent proper bills of lading 

 to the agreed destination. 



(3) Be responsible for loss and/or damage until goods 

 have been delivered alongside the ship and clean 

 ocean bill of lading obtained (seller is not responsible 

 for delivery of goods at destination). 



B. Buyer must— 



(1) Be responsible for loss and/or damage thereafter 

 and must take out all necessary insurance. 



(2) Handle all subsequent movement of the goods. 



(3) Take delivery and pay costs of discharge, lighterage 

 and landing at foreign port of destination in accord- 

 ance with bill of lading clauses. 



(4) Pay foreign customs duties and wharfage charges, 

 if any. 



10. The seller may desire to quote a price covering the cost 

 of the goods, the marine insurance on the goods, and all trans- 

 portation charges to the foreign point of delivery. In this case, 

 the proper term is : 



"C. I. F. (named foreign port)." 



Under this quotation : 



A. Seller must — 



(1) Make freight contract and pay freight charges suf- 

 ficient to carry goods to agreed destination. 



(2) Take out and pay for necessary marine insurance. 



(3) Be responsible for loss and/or damage until goods 

 have been delivered alongside the ship, and clean 

 ocean bill of lading and insurance policy have been 

 delivered to the buyer, or his agent. (Seller is not 

 responsible for the delivery of goods at destination, 

 nor for payment by the underwriters of insurance 

 claims.) 



(4) Provide war risk insurance, where necessary, for 

 buyer's account. 



B. Buyer must. — 



(1) Be responsible for loss and/or damage thereafter, 

 and must make all claims to which he may be en- 

 titled under the insurance directly on the under- 

 writers. 



