chapter 1 introduction to international trade practice
chapter 2 negotiating business contracts
chapter 3 formation of international sales contracts (cisg)
chapter 4 trade terms
chapter 5 quality, quantity and packing of commodity
chapter 6 international payment
chapter 7 international cargo transportation
chapter 8 cargo insurance
chapter 9 going through customs
chapter 10 documentation
chapter 11 international commercial dispute resolution
chapter 12 intellectual property rights
appendix 1 key to the tests
appendix 2 key to the Exercises
The essential feature of an ordinary CIF contract rests on the fact that the seller delivers when the goods pass the ship's rail at the port of shipment, and that the seller fulfills his duty by delivery of the appropriate documents to the buyer in stead of the actual physical dellvery of the goods. All that the buyer can call for is delivery of the customary documents. This represents the measure of the buyer's right and the extent of the seller's duty. The buyer cannot refuse the documents and ask for the actual goods, nor can the seller withhold the documents and tender the goods they represent. And the buyer can not refuse to take the documents even thoughs he knows the goods have been lost at sea.
(I) No, it was not a CIF contract.
In a CIF contract, the seller does not guarantee the time of arrival at the destination. The seller delivers when the goods pass the named ship's rail at a named port in China. But the seller must pay the costs and frei2ht necessary to bring the goods to Amsterdam. The seller also has to procure marine insurance against the buyer's risk of loss of or damage to the goods during, the carriage.