International Sales Contracts Analytical Essay by Calwriter

International Sales Contracts
An analysis of international sales contracts, with a focus on the terms CIF and FOB.
# 56309 | 2,719 words | 6 sources | MLA | 2004 | US
Published on Mar 07, 2005 in Business (Law) , Business (International) , English (Analysis)

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This paper discusses the specific implications of the dispute in the historical case, Ross T. Smyth and Co. Ltd. vs. T.D. Bailey, Son & Co. [1940] 3 All ER 60. The paper examines how this related to the seller and buyer, specifically in the context of the CIF and FOB contractual meanings. The paper describes the selling terms of CIF, which represents 'cost, insurance and freight,' and FOB, which stands for 'free on board.' These terms relate to the sellers obligation of delivery of goods to the buyer.

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