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https://www.shippingsolutions.com/blog/terms-of-trade-uniform-commercial-code-and-incoterms-2020
Mar 27, 2017 · The definition of these terms, as well as a few others, derive from a combination of (1) the provisi ons of the Uniform Commercial Code, Article 2 (the UCC), (2) the National Motor Freight Classification (NMFC), and (3) industry usage.
https://www.law.cornell.edu/ucc/2/2-319
(4) Under the term F.O.B. vessel or F.A.S. unless otherwise agreed the buyer must make payment against tender of the required documents and the seller may not tender nor the buyer demand delivery of the goods in substitution for the documents.
http://purchasingnegotiationtraining.com/supplier-contract-management/meaning-of-freight-terms-specified-in-the-uniform-commercial-code-ucc/
First, understand that, delivery according to the UCC, is an intangible concept. Delivery occurs when and where the seller voluntarily transfers effective ownership of goods to the buyer. Once delivered, the rights of ownership and risk of loss rests with the buyer.
https://www.law.cornell.edu/ucc/2/2-308
(a) the place for delivery of goods is the seller'splace of business or if he has none his residence; but. (b) in a contract for sale of identified goodswhich to the knowledge of the parties at the time of contracting are in some other place, that place is the place for their delivery; and.
https://www.incotermsexplained.com/the-incoterms-rules/the-us-view/
Trade practitioners in the U.S. will be aware that the terms FOB, CIF and so on are defined within the United States federal Uniform Commercial Code (UCC). First published in 1952, UCC covers many aspects of commercial contracts. It contains “shipment and delivery” provisions that have similar aims to those of the Incoterms rules.
https://www.investopedia.com/terms/u/uniform-commercial-code.asp
Nov 21, 2019 · The Uniform Commercial Code (UCC) is a standardized set of laws and regulations for transacting business. Then UCC code was established because it was becoming increasingly difficult for …Author: Daniel Liberto
https://www.law.cornell.edu/ucc/2/2-503
(4) Where goodsare in the possession of a bailee and are to be delivered without being moved (a) tender requires that the seller either tender a negotiable document of title covering such goods or procure acknowledgment by the bailee of the buyer'sright to possession of the goods; but
https://www.nolo.com/legal-encyclopedia/sellers-performance-under-the-ucc.html
Under the UCC, a seller’s primary obligation is "tender of delivery." In other words, delivering the goods to the buyer. In some cases, tender of delivery will involve the seller shipping or otherwise transporting goods to the buyer. In other cases, it may mean that the seller holds the goods where the buyer can take possession of them.
https://www.law.cornell.edu/ucc/2/2-504
‹ § 2-503. Manner of Seller's Tender of Delivery. up § 2-505. Seller's Shipment Under Reservation.
https://www.law.cornell.edu/ucc/1/1-201
(b) Subject to definitions contained in other articles of the Uniform Commercial Code that apply to particular articles or parts thereof: (1) "Action", in the sense of a judicial proceeding, includes recoupment, counterclaim, set-off, suit in equity, and any other proceeding in which rights are determined.
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