Law 5110 Study Guide - Quiz Guide: Commercial Invoice, Glencore, The Seller
Document Summary
S20(2) sga 1979: starts with the assumption that risk passes with property, unless otherwise agreed, the goods remain at the seller"s risk until the property in them is transferred to the buyer. In the international sale of goods, the physical risks of loss in transit are much greater than within a domestic market: natural risks, commercial risks difference in commercial cultures/ difficulties of payment. Risk and property has separated in international commercial sales. This separation is a reflection of law adapting to the needs of the international trading community: This means the final buyer must be prepared to fetch the goods from the port of the original sale. If risk remained with the seller while in transit, the seller will be liable. When applying this to a string of sales, if the last buyer does not receive the goods, he must sue his seller result is a string of litigation.
