From legal point of view, the Notify Party on the B/L is not the party of thecontract of the carriage of goods by sea.
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Procurementisconcernedwithpurchasingandarrangingoutboundmovementofmaterials,parts,and/orfinishedinventoryfromsupplierstocustomers.
Normallythemarinebillofladinghasthreefunctions,namely().
Insurancecontractisessentiallyacontractbetweenthecarrierandtheinsuredforcargoinsurance.
Thebanksonthebuyer’ssideonL/Carrangementare____.
UnderFCAterm,ifthechosenplaceofdeliveryoccursattheseller’spremises,thesellerisnotresponsibleforling.