A buyer is reviewing a quote for a shipment of electronic materials from Europe to Africa. The supplier offers a reasonable price for the materials and plans to deliver them using its regular shipping service. The terms are such that the buying company takes possession of the goods once they are loaded onto a boat in Europe.
Which of the following information should be of GREATEST concern to the buyer?
A . The risks involved in the shipping terms
B . Whether or not export regulations will be followed
C . The reason for choosing sea transportation over air
D . The details of the proposed Incoterms® 2020 rule
Answer: A
Explanation:
The buyer should be most concerned about the risks associated with the shipping terms, especially as they take possession once the goods are loaded. This includes potential liabilities and loss during transit. Understanding these risks is critical for mitigating potential issues.
Reference: Incoterms® 2020 by ICC.
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