1. CIF Contract
... addition, because section 18 of the Sale of Goods Ordinance states that goods must be ascertained before property can pass, in the case of individual shares of goods carried in bulk, it would seem that the property passes when the goods are discharged and in some way appropriate to the contract. Considering all above, ... the seller will deliver the goods, the buyer has to receive them in this case the goods are at risk of buyer, and the property passes to the buyer. But, the property will pass if the seller makes the bill of lading. Therefore, under CIF contract the seller is not untitl...
- Word Count: 3723
- Approx Pages: 15
- Has Bibliography
- Grade Level: High School