CIF contract meaning

In this issue: Cases and Decisions Insurance types Reinsurance UK Regulation EU Regulation Cases tracker Dates for your diary New and updated content Latest Q&A Daily and weekly news alerts LexTalk®Insurance: a Lexis®Nexis community Cases and Decisions Allseeds Switzerland SA v Intergrain SA The King’s Bench Division (Commercial Court) dealt with a section 69 Arbitration Act 1996 appeal by the Claimant seller against a FOSFA Board of Appeal ruling linked to a CIF sale contract. The appeal turned on legal questions concerning CIF sellers’ obligation to supply effective insurance. The court concluded that buyers do not establish breach simply because insurers declined a claim asserting the policy was void or voidable; it must be shown that the policy was in fact void or voidable. Equally, pointing only to potential grounds on which insurers might have rejected a claim, without proving that the policy was legally and/or factually ineffective on those...

This Practice Note sets out the legal framework and practical issues around bills of lading and sea waybills used in the context of arrangements for transporting goods by sea. It outlines how bearer bills, order bills and seaway bills differ, in practice, and describes the roles of a bill of lading as receipt, title document and contractual instrument. The Note also identifies the parties to the carriage contract, how they interact with third parties, and, in particular, the means by which rights under the paperwork can be effectively transferred. A bill of lading: is issued by or on behalf of the sea carrier to the person with whom the carriage contract is concluded records or evidences that contract and its terms serves as evidence of receipt of the cargo operates as a document of title Types of bills Bearer bills and order bills There are two principal kinds of bill of lading: as follows bearer...

An introduction to contracts for the sale and purchase of commodities Contracts for the sale and purchase of commodities sit at the centre of international trade. A single deal for a particular commodity will typically involve several additional contracts or commercial arrangements, including but not limited to: a contract for the transport of the commodity by sea and, possibly, by road and/or rail a contract of insurance the execution of a bill or exchange, or the opening of a letter of credit or other documentary credit Many, though not all, disputes stemming from contracts for the sale of commodities and related agreements are resolved by arbitration. As outlined below, numerous bodies that create standard form contracts or deliver services for specific trade sectors also offer arbitration facilities. For further details on commodities arbitration, see Practice Note: Commodities arbitration—trade associations and arbitration rules. The focus of this Practice Note is on contracts for the sale of commodities and on contracts for...

For detailed commentary on the regulation, consenting and incentivisation of the net zero energy transition under the laws of England and Wales, see also: Collinson and Hockman on Energy Law: Regulating, Consenting and Incentivising the Energy Transition. The textbook supplies thorough analysis of matters addressed in this Practice Note. This Practice Note presents an outline of the law and policy concerning carbon capture usage and storage (CCUS) in the UK. It examines: what CCUS entails and the principal categories of technologies it covers the main drivers, barriers and risks associated with deploying CCUS the progress of CCUS clusters within the UK current and past government policy and legislative developments to boost CCUS deployment, including creating business models to introduce an incentive mechanism for CCUS projects policy progress on repurposing existing oil and gas assets for CCUS projects selected funding routes for CCUS projects, including the Carbon Capture and Storage Infrastructure Fund the prevailing national and international legislative framework supporting CCUS...