Common Contracts
1 similar Cif and Fob Contracts contracts
Cif and fob contracts pdfCif and Fob Contracts • May 17th, 2023
Although the effect of s.19 in the case of specific or ascertained goods should not be ignored. Where bills of lading are issued under an F.O.B. or F.A.S. contract, and are marked ‘to the order’ of the seller, the intention of the parties, in the absence of any other provisions, would be that no property would pass to the buyer/holder of the bill of lading until other conditions, such as payment, have been satisfied; Transpacific Eternity SA v. Kanematsu Corp. (The Antares III) [2002] 1 Lloyd’s Rep. 233. Google Scholar Petraco (Bermuda) v. Petrvmed International S.A. [1988] 2 Lloyd’s Rep. 357, C.A. Google Scholar The three most common variants of F.O.B. contracts have been distinguished by the Court of Appeal in the El Amria and El Minia [1982] 2 Lloyd’s Rep. 28, in the following terms: ‘In Pyrene & Go v. Scindia Steam Navigation Co. Mr. justice Devlin instanced three types of fob contract.
