In a cif contract the incidence of the risk is divorced from the passing of the property1. The risk passes to the buyer on or as from shipment of the goods2. In a cif contract there is no warranty by the seller that at the time of the tender of the documents the goods are not lost3. Even where the seller knows at the time of tender that the goods are already lost, the buyer is still under an obligation to pay for them4. He has such remedies as may be afforded under the contract of carriage against the shipowners, or
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234