property

By default, there is usually a Seller’s warranty in Japanese contracts. This warranty covers a variety of situations that might arise, such as a third party claiming ownership or a latent defect in the goods.

In order to ensure that the buyer officially accepts the products being sole, it is important to include an inspection clause in any purchase and sales agreement.  An inspection clause  mandates that the buyer has a duty to inspect the goods upon receipt and report any problems to the seller.  This requirement ensures that, if the shipment is defective in some way, the buyer’s inspection will catch it and it won’t arise as a problem later on.

Ex Works (EXW) and Delivered Duty Paid (DDP) are the two Incoterms that are the most heavily weighted toward either the buyer or the seller.  Under the term EXW, the buyer is responsible for all aspects of the shipment, even packaging of the goods under some circumstances.  On the other hand, DDP requires the seller to take responsibility for delivering the goods, and paying all fees, from the seller’s warehouse all the way to the buyer’s final destination.  Additionally, unlike FOB or CFR, both of these terms may be used regardless of the mode of transport and may be applied […]