CHECK THESE SAMPLES OF CIF Shipment Contract
This paper brings out the implications of the observations of Lord Wright about the intentions of the parties to a contract of sale with regard to the FOB and CIF contracts and also the improvements if any brought about by section 20A newly introduced by the Sale of Goods (Amendment) Act 1995.... hellip; In a contract of sale, it is important to understand when the title to the goods passes and also when the risk in the goods passes to ascertain the rights.... The law relating to a transaction of sale is so complex that it requires a number of details including the basic terms under which the contract was entered into to decide on the issues....
16 Pages
(4000 words)
Essay
The contract between Sweet plc and the Polish sugar importer (“the Seller”) was a CIF (cost, insurance and freight) contract and as such, the Seller is required to arrange the carriage of the goods, their insurance in transit and all costs of such arrangements are usually… Furthermore, an essential element of a CIF seller's duty is to obtain a bill of lading, an insurance policy, any other document required by the contract2 and to forward these to the buyer....
9 Pages
(2250 words)
Essay
The Subject-matter of this contract is the sale of aluminium.... hellip; According to theCIF sale of goods act, sphere of application, an agreement to sell is termed as a contract between the seller and the buyer.... According to theCIF sale of goods act, sphere of application, an agreement to sell is termed as a contract between the seller and the buyer.... The contract provides an offer to buy or sell the goods fpor the acceptable price in relation to the offer given according to FOB terms....
2 Pages
(500 words)
Case Study
With to the rule under CIF contract the end consignee cannot reject the bill after its payment, despite unknowingly having no ideal due to the changed information.... He is hence left with accusations of the carrier which lie on false deceit and breach of contract for delivering false representation.... The sellers of the goods under CIF contract have specific obligations they are required to fulfill with respect to shipment of the sold items at the load port....
10 Pages
(2500 words)
Essay
A bill of lading(also known as a contract of carriage), is an important… ocument in international sea trade that is normally issued by carriers to shippers of goods for purposes of serving as an evidence of the contact of the carriage, as a receipt of the shipped goods as well as an evidence of ownership.... According to the commercial laws, payments On the other hand, a Cost, Insurance and Freight (CIF) contract refers to an agreement of selling shipped goods at a price inclusive of the total cost of the goods, freight to the port destination and the maritime insurance coverage....
8 Pages
(2000 words)
Essay
The author of the "Rights and Remedies of a CIF Buyer under English Law for Breach of a Term of the contract" paper states that in English law a CIF buyer is entitled to reject a tender of the shipping documents either where they are 'defective' or where they are tendered late.... nbsp; To understand the various rights and responsibilities of the shipper, the consignee, the cargo owner and the carrier it is necessary to understand when title to goods passes under a contract of sale and in particular when risk in the goods passes....
14 Pages
(3500 words)
Term Paper
This has led to a marked difference between the approach in international trade law to contract termination and buyer remedies under the Convention, in contrast to the position under CIF and FOB contracts, where the role of documents is paramount to obligations of the trading parties4.... For example, marine bills of lading cover shipment by sea and can be issued by the shipping company, captain or master of the vessel or party acting as agents for the carrier9....
10 Pages
(2500 words)
Essay
In terms of the 30,000 bags shipped under cover of Bill of Lading MSK 56901A, which surprisingly, shows as freight to pay basis, when the contract itself is CIF, Hamburg, and thus the seller has to make arrangements for all the freight, insurance and incidental costs, etc.... It is necessary, in terms of liability, to split the shipment into two parts: 1.... A BL is “used to acknowledge the receipt of a shipment of goods.... hellip; In most cases, it is seen that under cif, the cost of insurance and outward freight charges are borne by the seller, and become a part of the cost price....
11 Pages
(2750 words)
Research Paper