C.i.f. contacts - import and export trade, Business Law and Ethics

C.I.F. Contacts - Import and Export Trade

Therefore a c.i.f. like cost, insurance else freight whether contract is a contract for the sale of goods for be performed through the delivery of documents representing the goods, like i.e. of documents giving the right such to have the goods delivered, or like the right, whether they are lost or damaged, more of recovering their value, since like from the shipowner, or like from insurers, respectively. Further the duties of the seller such below a contract were explained in like; Clemens Horst v Biddel Brothers and are like:

(i)To ship at the port of shipment goods of the description contained in same the contract. Like one is

(ii)To procure a contract of carriage through sea, under that the goods will be delivered on destination contemplated through the contract. Like one is

(iii)To arrange for insurance upon the terms current in the trade that like will be available for the benefit of the buyer. And one is

(iv)To make out an invoice to the goods and one is

(v)To tender, within a reasonable time after shipment, like the bill of lading, like the policy or certificate of insurance and of the invoice to the buyer then he may obtain delivery of the goods, whether they arrive, or recover for their loss whether they are lost on the voyage. Therefore the bill like of lading tendered must correctly state the date about shipment, otherwise if the buyer can reject the goods: like;Finlay v Kwik Hoo Tong so.

Therefore below a c.i.f. contract the buyer has like a right to reject the documents of title, on delivery, such they show non-compliance with the terms about the contract. He as well has a separate right to refuse the actual goods whether, whereas delivered, they are found not to conform to like the contract. Hence like example in the Kwei Tek Chao v British Traders and like Shippers Limited. B sold goods to K who that were merchants, shipment for be made through date October 31. However the goods were shipped on date November 3. Conversely the date of shipment shown on the bill of lading was forged for show a shipment in year October, although B was ignorant of and never a party for the forgery. Conversely in ignorance of the forgery K paid the price and such received the documents, although before the goods arrived K discovered it. like K took delivery, although as the market had fallen was such unable to sell the goods there.

Posted Date: 2/1/2013 6:01:09 AM | Location : United States







Related Discussions:- C.i.f. contacts - import and export trade, Assignment Help, Ask Question on C.i.f. contacts - import and export trade, Get Answer, Expert's Help, C.i.f. contacts - import and export trade Discussions

Write discussion on C.i.f. contacts - import and export trade
Your posts are moderated
Related Questions
Question 1: To what extent do you agree with the assertion that Governments are failing and that corporate power is on the rise? Question 2: (a) Critically determine th

Define the types of interaction on which literature can be found There are two types of interaction on which literature can be found. These are interactions within the legisla

Loans Given for Necessaries - Void Contracts       It may happen that an infant asks someone to a loan for buy necessaries like school uniforms or textbooks.  Therefore the per

Determine the levels of Policy perspective Policy perspective, analysis can be made on three levels, state-system level, the nation-state level and the decision making level. T

TYPES OF SUBSIDIARY LEGISLATION: However the definition of subsidiary legislation in s.2 of the Interpretation and General Provisions Act reflects the great variety of nomencl

Recovery of Possession of Goods However below S.15 where two-thirds or more about the hire-purchase price has been paid the owner is such precluded from enforcing the rights a

Mr. Hellerstein is a professor at Tahoe Law School located in Tahoe California. He lives in Nevada and commutes to Tahoe Law School, which is only a 50-mile, commute one way.  Duri

General rules on statute-barred debts: A statute-barred debt should be rejected since it is not legally enforceable.  But in a members' voluntary winding up the liquidator may

Determine the areas of open method of coordination The EU has indicated its intention to employ the OMC, but so far there is little evidence of progress. These areas include E

Read the newspaper report from  The International Herald Tribune, starting on page  2 of this assignment, and answer the following questions:  1. What is the general notion behi