Colorado § 4-2-320 C.I.F. and C. & F. terms

Colorado Statutes

§ 4-2-320 — C.I.F. and C. & F. terms

Colorado § 4-2-320

Title 04Uniform

Art.Sales

This text of Colorado § 4-2-320 (C.I.F. and C. & F. terms) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 4-2-320 (2026).

Text

(1)The term C.I.F. means that the price includes in a lump sum the cost of the goods and the insurance and freight to the named destination. The term C. & F. or C.F. means that the price so includes cost and freight to the named destination.

(2)Unless otherwise agreed and even though used only in connection with the stated price and destination, the term C.I.F. destination or its equivalent requires the seller at his own expense and risk to:

(a)Put the goods into the possession of a carrier at the port for shipment and obtain a negotiable bill or bills of lading covering the entire transportation to the named destination; and

(b)Load the goods and obtain a receipt from the carrier (which may be contained in the bill of lading) showing that the freight has been paid or provid

Free access — add to your briefcase to read the full text and ask questions with AI

(1) The term C.I.F. means that the price
includes in a lump sum the cost of the goods and the insurance and freight to the
named destination. The term C. & F. or C.F. means that the price so includes cost
and freight to the named destination.

(2) Unless otherwise agreed and even though used only in connection with
the stated price and destination, the term C.I.F. destination or its equivalent
requires the seller at his own expense and risk to:

(a) Put the goods into the possession of a carrier at the port for shipment and
obtain a negotiable bill or bills of lading covering the entire transportation to the
named destination; and

(b) Load the goods and obtain a receipt from the carrier (which may be
contained in the bill of lading) showing that the freight has been paid or provided
for; and

(c) Obtain a policy or certificate of insurance, including any war risk
insurance, of a kind and on terms then current at the port of shipment in the usual
amount, in the currency of the contract, shown to cover the same goods covered by
the bill of lading and providing for payment of loss to the order of the buyer or for
the account of whom it may concern; but the seller may add to the price the amount
of the premium for any such war risk insurance; and

(d) Prepare an invoice of the goods and procure any other documents
required to effect shipment or to comply with the contract; and

(e) Forward and tender with commercial promptness all the documents in
due form and with any indorsement necessary to perfect the buyer's rights.

(3) Unless otherwise agreed the term C. & F. or its equivalent has the same
effect and imposes upon the seller the same obligations and risks as a C.I.F. term
except the obligation as to insurance.

(4) Under the term C.I.F. or C. & F., unless otherwise agreed, the buyer
must make payment against tender of the required documents and the seller may
not tender nor the buyer demand delivery of the goods in substitution for the
documents.