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OBLIGATIONS OF SELLER IN C.I.F. CONTRACT UNDER ENGLISH LAW AND INCOTERMS 2010: A COMPARATIVE STUDY
Abstract
This paper compares the obligations of the seller of goods under a c.i.f. contract (cost, insurance and freight) governed by English law vis-a-vis Incoterms 2010, which are endorsed by the International Chamber of Commerce (I.C.C.). It chooses the following obligations for this purpose: the delivery of the goods corresponding to the contract, delivery of documents including bill of lading, buying insurance, packing of goods, passing of property and passing of risks.This study is undertaken because this will help the international traders understand the comparative merits of these two types of c,i.f. contracts and make their right choice.
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