THE MAİN DİFFERENCES BETWEEN CIF AND FOB CONTRACTS UNDER ENGLİSH LAWCif and Fob Contracts • December 15th, 2008
CIF contract is that when the seller has delivered the goods or provides them afloat. He has to perform the contract by tendering conforming documents to the buyer. The significant feature of a CIF contract is that performance of bargain is to be fulfilled by delivery of documents and not by actual physical delivery of goods by the seller.1
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.
