Business Standard

'In FOB contract, seller must bear the charges for loading cargo on vessel'

Stevedoring is the process of loading or discharging/offloading of cargo to/from a ship

Representative image
Premium

Representative image

T N C Rajagopalan
We have a contract on FOB basis and the cargo is to be shipped mainly in break bulk mode. The customer (buyer) will arrange the vessel. In a FOB contract and break bulk mode of transport, who is responsible for stevedoring charges — the buyer or seller?

Stevedoring technically means “from the first point in the ship’s or ship’s hold to the first point on the quay or vice versa”. It is therefore the process of loading or discharging/offloading of cargo to/from a ship. In a FOB contract, all the charges relating to the cargo till the goods are

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in