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Question: ABC Ltd, a company located in China, sold 5,000 Plasma TV sets CIF Incoterms 2000 to XYZ Ltd, a company located in Australia. The contract also provided that: (A) The seller should ship the goods between 10-15 February 2018 to a port in Australia at instruction of the buyer, and the goods should arrive at the agreed port not later than 10 April 2018. (B) The buyer should inform the seller of the port of destination before 25 January 2018. On 27 January 2018, the seller requested the buyer to provide details of the port of destination, but the buyer did not until 17 February 2018. A thief broke into the warehouse and about 10% of the goods were stolen. The managing director of XYZ Ltd has come to you for advice. His questions are: 1 Who should be responsible for the loss of the transaction mentioned above? What if the term FOB had been used