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Classification of CIF and FOB Contracts and its Role

Author

Listed:
  • Aleksei Yurievich Churilov

    (Tomsk State University of Control Systems and Radioelectronics)

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.

Suggested Citation

  • Aleksei Yurievich Churilov, 2021. "Classification of CIF and FOB Contracts and its Role," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 1, pages 44-50, January.
    • Handle: RePEc:alq:rufejo:rfej_2021_01_44-50
    DOI: 10.24411/2072-8042-2021-1-44-50
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