A&V in AW-Prax: Legal questions on the transfer of risk in international trade
Part 2 – Who bears the risk of transport damage and loss of goods in export transactions?
- 14. May 2021
- Posted by: Ahlers & Vogel
- Category: International Trade Law
An everyday problem of cross-border trade in goods:
After the conclusion of the sales contract the goods are handed over to the carrier but reach the buyer in damaged or destroyed condition or are completely lost. Who is liable for this?
The questions surrounding the “transfer of risk” and “passing of risk” are usually difficult for the contracting parties to grasp.
Prof. Dr. Christoph Graf von Bernstorff provides an overview of the transfer of risk under the various Incoterms 2020 clauses in his second part of the article “Legal Questions on the Transfer of Risk in Foreign Trade”.
Our experts in International Trade Law will be happy to answer any further questions on the subject.