§ 34.1-2-321 — C.I.F. or C. & F.; "net landed weights"; "payment on arrival"; warranty of condition on arrival

(a) Under a contract containing a term C.I.F. or C. & F.:
(i) Where the price is based on or is to be adjusted
according to "net landed weights", "delivered weights", "out
turn" quantity or quality or the like, unless otherwise agreed
the seller must reasonably estimate the price. The payment due
on tender of the documents called for by the contract is the
amount so estimated, but after final adjustment of the price a
settlement must be made with commercial promptness;
(ii) An agreement described in subdivision (a)(i) or
any warranty of quality or condition of the goods on arrival
places upon the seller the risk of ordinary deterioration,
shrinkage and the like in transportation but has no effect on
the place or time of identification to the contract for sale or
delivery or on the passing of the risk of loss;
(iii) Unless otherwise agreed where the contract
provides for payment on or after arrival of the goods the seller
must before payment allow such preliminary inspection as is
feasible; but if the goods are lost delivery of the documents
and payment are due when the goods should have arrived.