What term of sale involves assuming the risk of any damages to goods until they are delivered?

The correct term for assuming the risk of damages to goods until they are delivered is commonly referred to in the context of shipping terms known as "FOB Destination." Under this term, the seller remains responsible for the goods and any risk associated with them until they reach the buyer's location. This includes any potential damages or losses that may occur during transit.

In the shipping and logistics industry, the distinction between different terms of sale is crucial because it determines the point at which risk and responsibility transfer from the seller to the buyer. For instance, with "FOB Shipping Point," the buyer assumes the risk as soon as the goods leave the seller’s premises. However, with "FOB Destination," the seller retains that risk during shipping, ensuring that the buyer receives the goods in good condition and as agreed.

Understanding these terms is essential for any insurance representative, as they directly impact the terms of coverage for shipping insurance policies. The mention of terms like "Cargo, Insurance" or "Cost, Insurance" might confuse, but they do not specifically define the point of risk transfer associated with delivery. Hence, recognizing "FOB Destination" is vital for both logistical and insurance purposes.