Vermont § 321 - § 2—321.

§ 321. § 2—321.

• C.I.F. or C. & F.: “net landed weights”; “payment on arrival”; warranty of condition
  on arrival Under a contract containing a term C.I.F. or C. & 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) of this section 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
  identification 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.