The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 9A V.S.A. § 2-321)
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§ 2—321. C.I.F. or C. & F.: “net landed weights”; “payment on arrival”; warranty of condition
on arrival
Under a contract containing a term C.I.F. or C. & F.
(1) 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.
(2) An agreement described in subsection (1) of this section 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.
(3) 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.