This
paper discusses the specific implications of the dispute in the historical case, Ross T. Smyth and Co. Ltd. vs. T.D. Bailey, Son & Co. <1940> 3 All ER 60. The paper examines how this related to the
seller and
buyer, specifically in the context of the
cif and FOB contractual meanings. The paper describes the selling
terms of CIF, which represents 'cost, insurance and freight', and FOB, which stands for 'free on board'. These terms relate to the sellers obligation of delivery of goods to the buyer.