§12A-2-321.

§12A-2-321.
   
   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.