In CIF import purchases ; when risk
& reward transfer to buyer.
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Risk & reward
Replies (3)
Quick Summary
That is when you sign documents of goods delivered. The risk and rewards will become yours.
Which document of goods of deliverd
1) Bill of lading 2) Bill of entry or 3) LR of goods loaded at india port to buyers destnation
pl.
1) Bill of lading 2) Bill of entry or 3) LR of goods loaded at india port to buyers destnation
pl.
What ever document you sign to release the goods from authority. Cause standard mentions, depreciation starts from the date you open the sealed cover. That is, when you physically take ownership of the goods.
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