[OPINION] If I buy an item from User A and it gets lost in the mail...

killyou73

full member

Activity: 504

Merit: 185

Quote from: botany on May 27, 2018, 05:09:29 PM

Quote from: killyou73 on May 27, 2018, 04:42:59 PM

If I buy an item from User A and it gets lost in the mail, do I still owe User A the BTC for purchasing the item?

The answer is NO, correct?

Let's say the item in question, is being shipped USA to USA priority mail.

Think about it - these kind of transactions must be very common in international trade.
That is why transactions are governed by Incoterms. The title of goods and the risks at each stage are documented right at the initiation of the transaction.
https://www.tradefinanceglobal.com/freight-forwarding/incoterms/

In the above transaction, my opinion is that you would not be liable.

Thank you to the mod who moved this....

Didn't even realize there was a trading discussion.

That link is awesome. I like it. Very insightful.

Maybe I can get some other opinions

botany

legendary

Activity: 1582

Merit: 1064

Quote from: killyou73 on May 27, 2018, 04:42:59 PM

If I buy an item from User A and it gets lost in the mail, do I still owe User A the BTC for purchasing the item?

The answer is NO, correct?

Let's say the item in question, is being shipped USA to USA priority mail.

Think about it - these kind of transactions must be very common in international trade.
That is why transactions are governed by Incoterms. The title of goods and the risks at each stage are documented right at the initiation of the transaction.
https://www.tradefinanceglobal.com/freight-forwarding/incoterms/

In the above transaction, my opinion is that you would not be liable.

killyou73

full member

Activity: 504

Merit: 185

Quote from: minifrij on May 27, 2018, 05:05:11 PM

Usually, you would tend to split the cost of the items between you since you both directly lost out.
Since it's not directly your fault, then you don't have a direct obligation to do so. Although, it is probably what a decent person would do.

So than you would say purchasing insurance actually insures the seller not the buyer

minifrij

legendary

Activity: 2324

Merit: 1267

In Memory of Zepher

Usually, you would tend to split the cost of the items between you since you both directly lost out.
Since it's not directly your fault, then you don't have a direct obligation to do so. Although, it is probably what a decent person would do.

killyou73

full member

Activity: 504

Merit: 185

If I buy an item from User A and it gets lost in the mail, do I still owe User A the BTC for purchasing the item?

The answer is NO, correct?

Let's say the item in question, is being shipped USA to USA priority mail.

Topic: [OPINION] If I buy an item from User A and it gets lost in the mail... (Read 123 times)