Guam Notice to Buyer by Seller of Shipment of Goods
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How to fill out Notice To Buyer By Seller Of Shipment Of Goods?
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FAQ
The Ownership of the goods is transferred to the buyer when the shipping documents are delivered to the buyer and he receives them by paying price of the goods. Thus, on buyer's refusal to take the shipping documents, the Seller can claim the damages for the breach of contract, and not the price of the goods.
The seller, or exporter, is responsible for all costs involved in delivering the goods to a named port of destination. Upon arrival, the goods are made available to the buyer, or importer, on board the vessel. The seller is responsible for all costs and risk of loss prior to unloading at the port of destination.
The seller must have good title to the goods, meaning he must have ownership and the right to sell the goods on. The seller must sell goods corresponding with the description given. For example, if a product is advertised as a 2019 model but is in fact a 2015 model, it will not correspond with description.
Rules: The ownership/property in goods is said to be transferred from the seller to the buyer at the time when price/ weight/ measurement of the goods is determined and the notice for the same is given by seller to the buyer.
The seller typically covers the shipping arrangements and costs in FOB Destination arrangements. If other terms are negotiated, however, the buyer may be liable for the expenses. The shipping company requires payment before shipping the goods, so the process of arranging and paying for shipping is all done in advance.
The Sale of Goods Act 1979, section 12 imposes obligations on sellers. Sellers must have the right to sell the goods, and they impliedly warranty that the buyer will enjoy quiet possession. Actions by intellectual property rights holders can lead to liability for sellers for breach of the section 12 obligations.
Depending on the terms of the sale contract, either the seller or the buyer may be responsible for the costs to ship the product. This sale term can be referred to as FOB shipment, or free on board shipment. There are two types of FOB shipment terms: FOB shipping point and FOB destination.
The buyer has to bear all costs and risks from that point of time. Cartage up to the port, inland insurance, port dues and loading charges into the ship are to be borne by the seller. The seller has to take care of all these expenses. The term can only be used for sea or inland water transport.
When it comes to other things that could be out of your hands in the shipping process, you're still going to be responsible for the product. The seller will always be responsible for the package containing their product until it gets to the purchaser.
(3) Where under a contract of sale the property in the goods is transferred from the seller to the buyer, the contract is called a sale, but where the transfer of the property in the goods is to take place at a future time or subject to some condition thereafter to be fulfilled, the contract is called an agreement to
