Liberty Export & Import Corp. v. Swift & Co.

Mr. Presiding Justice Gridley

delivered the opinion of the court.

The contract between the parties of February 12, 1920, on which the present action is based, is what is known as a “c.i.f.” contract (cost, insurance and freight). By the decided weight of authority in England and in the United States, the rule is that a contract of sale of goods on “c.i.f.” terms is to be executed by the delivery to the buyer of certain documents, viz., a bill of lading, an insurance policy and an invoice (sometimes a consular invoice, when required by the customs’ regulations of the port of entry as apparently…