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I think it is, when you read Pfizer's contract and fact0r in things like "Governments have to pay, regardless of whether or not the shipment arrives: on time, d
by albatross13 5y ago
I think it is, when you read Pfizer's contract and fact0r in things like "Governments have to pay, regardless of whether or not the shipment arrives: on time, damaged, or at all". I suggest you browse their leaked contract: https://www.documentcloud.org/documents/20616251-albanian-pfizer-covid-19-vaccine-contract https://www.documentcloud.org/documents/20616251-albanian-pf...
Pfizer has also been strong arming small, Latin American countries, to the tune of trying to get military assets as "collateral" (https://www.pharmaceutical-technology.com/news/company-news/pfizer-latin-american-vaccine/ https://www.pharmaceutical-technology.com/news/company-news/...)
- nitrogen 5y agoregardless of whether or not the shipment arrives: on time, damaged, or at all Weren't extremely generous provisions like that offered by the US government last year in order to jumpstart vaccine development and production ASAP?
- parineum 5y agoYes, that's operation warp speed and it worked great. That's the reason the US.had vaccine enough to go around while Canada was struggling to get everyone their first dose.
- giarc 5y ago>Governments have to pay, regardless of whether or not the shipment arrives: on time, damaged, or at all Wouldn't this be standard language in any contract? If I buy a widget and they ship it to me, if it gets damaged in transit, or lost in transit I still have to pay the producer, I then go after the delivery company (and/or their insurance) for compensation.
- OJFord 5y agoI've never handled such things for a business, but I'd assume it'd be the same as in my personal life - that's the seller's problem? If something arrives (late, if I care) damaged, or not at all, from Amazon or whatever, I tell them and they refund me or ship a replacement.
- 55555 5y agoIt depends. Sometimes you buy EXW, sometimes FOB, sometimes delivery is guaranteed. Just depends on the deal. But mostly, yes, you're right.