410. Incidence of the risk.

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