§ 6A-2-320 C.I.F. and C. & F. terms.– (1) The term C.I.F. means that the price includes in a lump sum the cost of thegoods and the insurance and freight to the named destination. The term C. & F.or C.F. means that the price so includes cost and freight to the nameddestination.
(2) Unless otherwise agreed and even though used only inconnection with the stated price and destination, the term C.I.F. destinationor its equivalent requires the seller at his or her own expense and risk to:
(a) Put the goods into the possession of a carrier at theport for shipment and obtain a negotiable bill or bills of lading covering theentire transportation to the named destination; and
(b) Load the goods and obtain a receipt from the carrier(which may be contained in the bill of lading) showing that the freight hasbeen paid or provided for; and
(c) Obtain a policy or certificate of insurance, includingany war risk insurance, of a kind and on terms then current at the port ofshipment in the usual amount, in the currency of the contract, shown to coverthe same goods covered by the bill of lading and providing for payment of lossto the order of the buyer or for the account of whom it may concern; but theseller may add to the price the amount of the premium for any such war riskinsurance; and
(d) Prepare an invoice of the goods and procure any otherdocuments required to effect shipment or to comply with the contract; and
(e) Forward and tender with commercial promptness all thedocuments in due form and with any indorsement necessary to perfect the buyer'srights.
(3) Unless otherwise agreed, the term C. & F. or itsequivalent has the same effect and imposes upon the seller the same obligationsand risks as a C.I.F. term except the obligation as to insurance.
(4) Under the term C.I.F. or C. & F., unless otherwiseagreed, the buyer must make payment against tender of the required documentsand the seller may not tender nor the buyer demand delivery of the goods insubstitution for the documents.
§ 6A-2-320 C.I.F. and C. & F. terms.– (1) The term C.I.F. means that the price includes in a lump sum the cost of thegoods and the insurance and freight to the named destination. The term C. & F.or C.F. means that the price so includes cost and freight to the nameddestination.
(2) Unless otherwise agreed and even though used only inconnection with the stated price and destination, the term C.I.F. destinationor its equivalent requires the seller at his or her own expense and risk to:
(a) Put the goods into the possession of a carrier at theport for shipment and obtain a negotiable bill or bills of lading covering theentire transportation to the named destination; and
(b) Load the goods and obtain a receipt from the carrier(which may be contained in the bill of lading) showing that the freight hasbeen paid or provided for; and
(c) Obtain a policy or certificate of insurance, includingany war risk insurance, of a kind and on terms then current at the port ofshipment in the usual amount, in the currency of the contract, shown to coverthe same goods covered by the bill of lading and providing for payment of lossto the order of the buyer or for the account of whom it may concern; but theseller may add to the price the amount of the premium for any such war riskinsurance; and
(d) Prepare an invoice of the goods and procure any otherdocuments required to effect shipment or to comply with the contract; and
(e) Forward and tender with commercial promptness all thedocuments in due form and with any indorsement necessary to perfect the buyer'srights.
(3) Unless otherwise agreed, the term C. & F. or itsequivalent has the same effect and imposes upon the seller the same obligationsand risks as a C.I.F. term except the obligation as to insurance.
(4) Under the term C.I.F. or C. & F., unless otherwiseagreed, the buyer must make payment against tender of the required documentsand the seller may not tender nor the buyer demand delivery of the goods insubstitution for the documents.
§ 6A-2-320 C.I.F. and C. & F. terms.– (1) The term C.I.F. means that the price includes in a lump sum the cost of thegoods and the insurance and freight to the named destination. The term C. & F.or C.F. means that the price so includes cost and freight to the nameddestination.
(2) Unless otherwise agreed and even though used only inconnection with the stated price and destination, the term C.I.F. destinationor its equivalent requires the seller at his or her own expense and risk to:
(a) Put the goods into the possession of a carrier at theport for shipment and obtain a negotiable bill or bills of lading covering theentire transportation to the named destination; and
(b) Load the goods and obtain a receipt from the carrier(which may be contained in the bill of lading) showing that the freight hasbeen paid or provided for; and
(c) Obtain a policy or certificate of insurance, includingany war risk insurance, of a kind and on terms then current at the port ofshipment in the usual amount, in the currency of the contract, shown to coverthe same goods covered by the bill of lading and providing for payment of lossto the order of the buyer or for the account of whom it may concern; but theseller may add to the price the amount of the premium for any such war riskinsurance; and
(d) Prepare an invoice of the goods and procure any otherdocuments required to effect shipment or to comply with the contract; and
(e) Forward and tender with commercial promptness all thedocuments in due form and with any indorsement necessary to perfect the buyer'srights.
(3) Unless otherwise agreed, the term C. & F. or itsequivalent has the same effect and imposes upon the seller the same obligationsand risks as a C.I.F. term except the obligation as to insurance.
(4) Under the term C.I.F. or C. & F., unless otherwiseagreed, the buyer must make payment against tender of the required documentsand the seller may not tender nor the buyer demand delivery of the goods insubstitution for the documents.
