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What is the main benefit to the buyer when he buys on an FOB basis?

He can sell the goods once he has received the documents (which he should soon after loading). The goods may therefore be sold while on the voyage, which may be essential in the case of oil, grain and other bulk commodities traded on international markets.

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What are the main responsibilities of the seller and buyer when goods are sold on a CIF basis?

What are the main responsibilities of the buyer when goods are sold “FOB Liverpool”?