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

Assignment Help:

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.


Related Discussions:- C.i.f. contacts - import and export trade

The reports - matters and reports, The Reports: i) An auditor's report...

The Reports: i) An auditor's report showing:                    a) Profits or losses in each of the last FIVE years.                    b) Rate of dividend during the la

Business law questions, I am Lauren Garcia, I have an order my assignment, ...

I am Lauren Garcia, I have an order my assignment, please answer me back here Describe what parts of business law are involved in the following scenario. What issues are involve

Bluebook format - located the resource, Explain how you located the resourc...

Explain how you located the resource that addresses the question and cite that resource in proper Bluebook format: Spend & Save is claiming that our client lacks standing to s

Article 8 - state responsibilty, Article 8 - State Responsibilty Articl...

Article 8 - State Responsibilty Article 8. Act of person or group of persons are presumed to be acting on the instructions of a state therefore even in such a situation the sta

Discuss legal relationship between a bank and its customer, Question 1: ...

Question 1: Discuss the legal relationship between a bank and its customer with reference to the responsibilities of the parties towards each other. Question 2: This qu

Explain court of final appeal arrived, Read Fateh Muhammad v Commissioner o...

Read Fateh Muhammad v Commissioner of Registration [2001] 2 HKLRD 659 which can be found in the westlaw HK website of our library database in which there is a summary of what the c

Safety and health officer in an organization, QUESTION 1 What are the d...

QUESTION 1 What are the duties of an Occupational, Safety and Health officer in an organization? QUESTION 2 Section 47 (1) of the Occupational, Safety and Health Act st

When was international criminal court for rwanda established, When was Inte...

When was International Criminal Court for Rwanda established Moreover, in early 1990s the International Criminal Tribunal for Yugoslavia (ICTY) was established under UNSC Resol

Invented case, a) Sometime in the mid 21st century the Jones-Markus experim...

a) Sometime in the mid 21st century the Jones-Markus experiment attempted to create a capuchin monkey with human intelligence. The experiment, however, outdid its intentions by se

What are the functions of the independent commission, Question 1: The B...

Question 1: The Bill of Lading possesses the key features of an efficient transport document. Discuss. Question 2: A CIF sale is not a sale of goods but a Sale of Do

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd