C.I.F Cost, insurance, freight.] A contract for the sale of goods where the sellers duties are (1) to ship at the port of shipment within the time named in the contract goods of the contract description; (2) to procure on shipment a contract of affreightment under which the goods will be delivered at the destination contemplated by the contract; (3) to insure the goods upon the terms current in the trade which will be available for the benefit of the buyer; (4) to make out an invoice of the goods; (5) to tender to the buyer the bill of lading, the invoice, and the policy of insurance. It is the duty of the buyer to take up these documents and pay for them. |