CIF contracts are more detailed and the performance of the contract needs to be done by fulfillment of many specified conditions, delivery of documents to the buyer thus the FOB contracts are more flexible than of the CIF contracts or more free. outside India) instead of Indian Shipping lines. contract rather than an f.o.b. The most commonly used Incoterms are listed below: FOB stands for “free on board”. This means that the goods will be shipped to a specific place without cost. and c.i.f. Whether drafting contracts or considering the nature of these provisions in the context of a dispute, Sassoon offers an easy-to-use reference to the principles behind CIF (Cost Insurance Freight) and FOB (Free on Board) contracts. To conclude, CIF and FOB contracts are the most important contracts in the field of International Trade. The above tax scenario will encourage businesses to convert FOB contracts into CIF contracts, and it will be beneficial to appoint foreign shipping lines located into non-taxable territory (i.e. and F.O.B contracts. Both the FOB and CIF contracts are both very important contract under the international commercial law. DELIVERY 13 10. The brief starts by defining the f.o.b. CIF Versus An FOB Contract. APPLICABILITY 13 9. 3. For example, in the case of the Pyrene, Devlin J held that the matter of whether the commodities had shipped at any specific time depended on the division of … Cost, Insurance, and Freight (CIF) and Free on Board (FOB) are international shipping agreements used in the transportation of goods between a … This Lecture paper explore in succinct the obligations of seller and buyer under C.I.F and F.O.B contracts and further the focus will be on the legal perspective and the roles of the shipping documents in C.I.F. The FOB (Free On Board) and CIF (Cost, Insurance and Freight) contracts are involved with international export sale contracts also called ‘export transactions’, although the FOB contract is loosely used in local commercial transactions [] . These terms have been put in place so as to maintain uniformity, certainty and predictability in international trade agreements. Contracts for International Sale of Goods of 11 April 1980.4 The main purpose for the introduction of the Incoterms was to create rules on the use of domestic and international trade terms in order to facilitate the conduct of global trade. The FOB … FOB Contracts: Principles andPracticalApplications 477 tion Co Ltdl marked a legal "turning-point",after which a less dog­ matic and more flexible approach was adopted by the courts. Sassoon: CIF and FOB Contracts explains and analyses the law of contracts for the sale of goods carried by sea, in particular the Cost, Insurance and Freight (CIF) and Free on Board (FOB) terms.
This brief discusses the legal implication why buyers and sellers would prefer a c.i.f. Contracts FOB Law and Legal Definition. FOB contracts. Its use would be “FOB ” where would be …

CIF vs. FOB: An Overview . Contracts dealing with goods to be shipped often include an FOB clause, which stands for "free on board". Sassoon: CIF and FOB Contracts explains and analyses the key features of, differences between and issues around Cost, Insurance and Freight (CIF) contracts and Free on Board (FOB) contracts in the sale of goods.. Part of the British Shipping Laws Library, the work sets CIF and FOB sales in a commercial and legal context, explaining the global trade environment and legal systems in which …


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