Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
336.2-320 C.I.F. AND C.& F. TERMS.
(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 to pay for,
and stand the risk of
(a) putting the goods into the possession of a carrier at the port for shipment and obtaining a
negotiable bill or bills of lading covering the entire transportation to the named destination; and
(b) loading the goods and obtaining 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) obtaining 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) preparing an invoice of the goods and procuring any other documents required to effect
shipment or to comply with the contract; and
(e) forwarding and tendering with commercial promptness all the documents in due form and
with any endorsement 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.
History: 1965 c 811 s 336.2-320; 1986 c 444
(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 to pay for,
and stand the risk of
(a) putting the goods into the possession of a carrier at the port for shipment and obtaining a
negotiable bill or bills of lading covering the entire transportation to the named destination; and
(b) loading the goods and obtaining 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) obtaining 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) preparing an invoice of the goods and procuring any other documents required to effect
shipment or to comply with the contract; and
(e) forwarding and tendering with commercial promptness all the documents in due form and
with any endorsement 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.
History: 1965 c 811 s 336.2-320; 1986 c 444
Official Publication of the State of Minnesota
Revisor of Statutes