CIF Contracts and the Terms Contrary to Their Standards

Abstract

)AbastractCIF is unknown in Iranian law, although it is widely used in internationaltrade of this country, which has made studying it inevitable. Knowing rightsand obligations of parties, transfer of risk and titleand compensatingdamages in conclusion of contracts will help traders. Using contractualfreedom, sometimesparties try to deviate from standard terms to gain morebenefit or avoid more loss. This may result in including term contrary to CIFstandards and unknowingly create difficulties in rights and obligations ofparties and how to compensate it.This article studies CIF in British law and2010 incoterms with a short review of Iranian law to: 1) clarify nature of CIF2) clarifying rights and obligations of parties 3) indicate effect of termscontrary to CIF.Keywords: CIF, C&F, risk transfer, bill of lading, Insurance, British law,

Keywords

• receipt of goods and document
• price payment.  associate professor
• faculty of law
• shahid beheshti university
• tehran
• iran