N.Y. UCC Law § 2-320

Section 2--320. C. I. F. and C. & F. Terms.\n (1) The term C. I. F. means that the price includes in a lump sum the\ncost of the goods and the insurance and freight to the named\ndestination. The term C. & F. or C. F. means that the price so includes\ncost and freight to the named destination.\n (2) Unless otherwise agreed and even though used only in connection\nwith the stated price and destination, the term C. I. F. destination or\nits equivalent requires the seller at his own expense and risk to\n (a) put the goods into the possession of a carrier at the port\n for shipment and obtain a negotiable bill or bills of lading\n covering the entire transportation to the named destination;\n and\n (b) load the goods and obtain a receipt from the carrier (which\n may be contained in the bill of lading) showing that the\n freight has been paid or provided for; and\n (c) obtain a policy or certificate of insurance, including any\n war risk insurance, of a kind and on terms then current at\n the port of shipment in the usual amount, in the currency of\n the contract, shown to cover the same goods covered by the\n bill of lading and providing for payment of loss to the order\n of the buyer or for the account of whom it may concern; but\n the seller may add to the price the amount of the premium for\n any such war risk insurance; and\n (d) prepare an invoice of the goods and procure any other\n documents required to effect shipment or to comply with the\n contract; and\n (e) forward and tender with commercial promptness all the\n documents in due form and with any indorsement necessary to\n perfect the buyer's rights.\n (3) Unless otherwise agreed the term C. & F. or its equivalent has the\nsame effect and imposes upon the seller the same obligations and risks\nas a C. I. F. term except the obligation as to insurance.\n (4) Under the term C. I. F. or C. & F. unless otherwise agreed the\nbuyer must make payment against tender of the required documents and the\nseller may not tender nor the buyer demand delivery of the goods in\nsubstitution for the documents.\n