Who bears the risk? Buyer or Seller

Discussion in 'Questions & Comments' started by undftd, Nov 11, 2011.

  1. undftd

    undftd Member Silver Stacker

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    When sending items across Australia. Who bears the risk of item being lost?

    Please factor this in with the following assumption:

    - Precious Metals cannot be insured (through auspost) ((Does anyone know who can?))

    Points to consider:

    Do buyers voluntarily accept the risk by agreeing to have it sent via auspost?

    I know that people attempt to limit their liability offering insurance, but would this limit it, knowing that you could easily argue that you cannot insure precious metals?

    All arguements would be very helpful, also would like to know how this would stand up legally.

    I personally would like to have an understanding with my regular customers of 50% risk.
    If item gets lost that i sent, i refund half their money. If a swap, and i get their silver, they do not get mine, i will send 50% of their silver back.
    I would find it very unforgiving for one person to accept entire risk, and take the entire hit, especially if your sending in bulk.


    Regards,

    UNDFTD.
     
  2. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    In most circumstances, if it's an Auspost fuck up, 50/50.
     
  3. Butch

    Butch Active Member Silver Stacker

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    If its swap your each responsible for your end of the post.
    If its paid in advance (direct credit) I would expect delivery.
     

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