Court Opinions

State Laws

US Code

US Constitution

C.I.F. and C. & F. terms - 13 Pa. Cons. Stat. § 2320

Legal Research Home > Pennsylvania Statutes

     § 2320.  C.I.F. and C. & F. terms.
        (a)  Definitions.--The term C.I.F. means that the price
     includes in a lump sum the cost of the goods and the insurance
     and freight to the named destination. The term C. & F. or C.F.
     means that the price so includes cost and freight to the named
     destination.
        (b)  Effect of C.I.F. destination term.--Unless otherwise
     agreed and even though used only in connection with the stated
     price and destination, the term C.I.F. destination or its
     equivalent requires the seller at his own expense and risk to do
     the following:
            (1)  Put the goods into the possession of a carrier at
        the port for shipment and obtain a negotiable bill or bills
        of lading covering the entire transportation to the named
        destination.
            (2)  Load the goods and obtain a receipt from the carrier
        (which may be contained in the bill of lading) showing that
        the freight has been paid or provided for.
            (3)  Obtain a policy or certificate of insurance,
        including any war risk insurance, of a kind and on terms then
        current at the port of shipment in the usual amount, in the
        currency of the contract, shown to cover the same goods
        covered by the bill of lading and providing for payment of
        loss to the order of the buyer or for the account of whom it
        may concern; but the seller may add to the price the amount
        of the premium for any such war risk insurance.
            (4)  Prepare an invoice of the goods and procure any
        other documents required to effect shipment or to comply with
        the contract.
            (5)  Forward and tender with commercial promptness all
        the documents in due form and with any indorsement necessary
        to perfect the rights of the buyer.
        (c)  Effect of C. & F. term.--Unless otherwise agreed the
     term C. & F. or its equivalent has the same effect and imposes
     upon the seller the same obligations and risks as a C.I.F. term
     except the obligation as to insurance.
        (d)  Tender of documents and payment.--Under the term C.I.F.
     or C. & F. unless otherwise agreed the buyer must make payment
     against tender of the required documents and the seller may not
     tender nor the buyer demand delivery of the goods in
     substitution for the documents.

Last modified: November 27, 2007