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 Discuss the functions of the following- (a) The Workfare Programme (b) The Advisory Council for Occupational Safety and Health (c) Health and Safety Officer

What is the difference between an express term and an implied term? Provide me with an example of each.

Discuss the roles of law and courts in today''s business environment. •Compare and contrast the federal court structure with your Florida''s court structure. •Discuss the concept

DECLARATION OF SOLVENCY:                                       A voluntary winding up is a members' voluntary winding up only if the directors make and deliver to the regist

Case Study The following scenario should be analyzed to determine whether police proceeded properly under the applicable cases.  Your task is to identify issues of concern, eva

Derivative action: In Nurcombe v Nurcombe Lawton L J stated that a derivative action is a procedural device for enabling the court to do justice to a company controlled by mis

Functions of Attorney general Whereas under sec 26(2) the Attorney General is the principal legal adviser for government of US And whereas he occupies a ministeria

Glenda has taken a household insurance on her classic Queenslander home in North Queensland.  At the time of application, the insurer "URINSURED" asked various questions regarding

Explain the Universal Declaration on Human Rights Universal Declaration on Human Rights was passed by UNGA, entailing a comprehensive and detailed concept pertaining to rights

Technique of Reference to Arbitration Whereas a dispute may be referred to arbitration through like as; The parties in accordance by the agreement and The court wh