Okla. Stat. tit. 12A, § 12A-2-321
This is the official text of Okla. Stat. tit. 12A, § 12A-2-321, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
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C.I.F. or C. and F.: "Net Landed Weights"; "Payment on
Official statutory text
Arrival"; Warranty of Condition on Arrival.
Under a contract containing a term C.I.F. or C. and 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) 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
indentification 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.
Under a contract containing a term C.I.F. or C. and 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) 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
indentification 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.
Status: in_force · Read it on the official government site
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