Understanding FOB and CIF Contracts: And When Property and Risk Pass in These Transactions

13 Pages Posted: 28 Nov 2018

See all articles by Ufuo Asanwana

Ufuo Asanwana

THE LAW HALL; University of the West of England

Okor Efombruh

University of the West of England

Date Written: November 5, 2018

Abstract

The aim of this article is to critically, but simply determine when property and risk pass in FOB and CIF contracts. With the aid of relevant cases and statutes, this article will attempt to analyse the issues herein using the following structure; meaning of FOB and CIF contracts; differences between FOB and CIF contracts; the passing of property and passing of risk in FOB contract; the passing of property and passing of risk in CIF contracts; and finally, a brief summary.

Keywords: International Contracts, FOB, CIF, Passing of Property and Risk

Suggested Citation

Asanwana, Ufuo and Efombruh, Okor, Understanding FOB and CIF Contracts: And When Property and Risk Pass in These Transactions (November 5, 2018). Available at SSRN: https://ssrn.com/abstract=3278642 or http://dx.doi.org/10.2139/ssrn.3278642

Ufuo Asanwana (Contact Author)

THE LAW HALL ( email )

7c
Etta Agbo Road
Calabar
Nigeria

University of the West of England ( email )

Frenchay Campus
Coldharbour Lane
Bristol, BS16 1QY
United Kingdom

Okor Efombruh

University of the West of England ( email )

Frenchay Campus
Bristol, BS16 1QY
United Kingdom

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