Classification of CIF and FOB Contracts and its Role

Aleksei Yurievich Churilov
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Aleksei Yurievich Churilov: Tomsk State University of Control Systems and Radioelectronics

Russian Foreign Economic Journal, 2021, issue 1, 44-50

Abstract: The paper analyzes the existing practices of the English courts regarding classification of international sales contracts concluded on CIF and FOB terms. The key differences between CIF and FOB contracts are considered. The analysis revealed the existence of several types of contracts concluded on CIF terms as well as concluded on FOB terms. It is emphasized that such a classification does not contradict the INCOTERMS.

Keywords: Sales contract; contract of carriage; bill of lading; INCOTERMS; foreign trade transaction. (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2021_01_44-50

DOI: 10.24411/2072-8042-2021-1-44-50

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