Article 459. Transfer of risk of accidental loss of goods

1. Unless otherwise provided in the contract of sale, the risk of accidental loss of or damage to the goods passes to the buyer from the time when, in accordance with the law or the contract, the seller 2. The risk of accidental death or damage to the goods sold while in transit shall be passed to the buyer. At the time of the conclusion of the contract of sale, unless otherwise provided for by such contract or by the customs of business. and passes to the buyer upon delivery of the goods to the first carrier, at the buyer ' s request the court may declare null and void if the seller knew or ought to have known at the time of the conclusion of the contract The Panel recommends no compensation in the amount of US$ 1,000,000 for loss of or damage to the goods, and did not inform the buyer of the loss or damage.