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Arrival periods under CIF/CFR contracts: Buyers still need to look shipment date

Published on 2024/07/22

Understandably, where a CIF/CFR contract provides for an arrival period, it is often assumed that the vessel must arrive at the discharge port within that time. However, it is not normally as simple as that. Instead, the provision for an arrival period usually only means that the seller is obliged to ship the goods in order to ensure that, in the ordinary course of events, the vessel will arrive at the discharge port within that period.
The buyer must therefore still keep a close eye on the shipment date for the goods in order to act promptly on any breach by the seller and, equally, in order to avoid wrongfully rejecting the goods if the vessel arrives after the expiry of the arrival period due to circumstances beyond the seller’s control.
More information:

https://www.hilldickinson.com/insights/articles/arrival-periods-under-cifcfr-contracts-buyers-still-need-look-shipment-date?utm_source=vuture&utm_medium=email&utm_campaign=trade%20advantage%20(june%202024)_27%20june%202024