Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Oil Sand Mining Company Inc., Edmonton, Alberta sell 5 0 tonnes, 6 0 m 3 of mining equipment to Colombia on DAP, Calle 2 5
Oil Sand Mining Company Inc., Edmonton, Alberta sell tonnes, m of mining equipment to Colombia on DAP, Calle A No B Medellin, Colombia, Incoterms in three ft ocean containers. The terms of payment are open account, net days. One of the trucks carrying a container overturns on the road between the Port of Barranquilla and the final delivery address. Some of the mining equipment is lost when the container bursts open. Who bears the risk of this loss?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started