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: (a) Expliquez les conditions qui doivent être réunis pour la formation d'un contrat. (b) Expliquez les differentes modes selon lesquels un contrat peut prendre

State the term - monetary policy coordination Criticisms have been put forward on proposals for enhanced fiscal and monetary policy coordination. This policy coordination might

Termination of Arbitral Proceeding Although the Arbitral proceedings may be terminated in any of the giving ways as; Through the final award of the arbitrator Whether

Types oF Goods - Sales of Goods Further the Act classifies goods into: like; (i) Specific Goods Whether specific goods are "goods" like are acknowledged and agreed on

a) Explain two scenarios in which a restraint of trade clause would typically be used. b) Suppose your employer wanted to include a restraint of trade clause in your employment

3 ways in which the restaurant can engage in socially responsive activities in the community within which it operates.

Explain passive personality principle passive personality principle states that jurisdiction may be exercised in respect of events occurring outside a State's own territory whe

Usual procedure - shares of the minority: Hence the usual procedure is: (a)     first to dispose of possible objections by creditors by paying their debts or providing secu

The purpose of the assignment is to allow you to undertake independent research into a particular aspect of law, to reflect on and consider particular legal issues and to apply you

Liquidators' Powers:                                       The liquidator (in any type of liquidation) has numerous statutory powers but in the exercise of some of them he mus