Classification of CIF and FOB Contracts and its Role

Authors

  • Aleksei Yurievich Churilov Tomsk State University of Control Systems and Radioelectronics

DOI:

https://doi.org/10.24412.2072-8042-2021-1-44-50

Keywords:

sales contract, contract of carriage, bill of lading, INCOTERMS, foreign trade transaction

Abstract

The paper analyzes the existing practices of the English courts regarding classification of international sales contracts concluded on CIF and FOB terms. The key differences between CIF and FOB contracts are considered. The analysis revealed the existence of several types of contracts concluded on CIF terms as well as concluded on FOB terms. It is emphasized that such a classification does not contradict the INCOTERMS.

Author Biography

Aleksei Yurievich Churilov, Tomsk State University of Control Systems and Radioelectronics

Сandidate of Judicial Science
Place of work, post: Tomsk State University of Control Systems and Radioelectronics (634034, Tomsk, ul. Krasnoarmeyskaya 146, offi ce 813) Department of Civil Law, Law Faculty - Assistant professor

Downloads

Published

2024-01-28

How to Cite

Churilov, A. Y. (2024). Classification of CIF and FOB Contracts and its Role. Russian Foreign Economic Journal, (1), 44–50. https://doi.org/10.24412.2072-8042-2021-1-44-50

Issue

No. 1 (2021)

Section

International trade