The Panel does not accept Iraq's argument concerning the inference to be drawn from Santa Fe's placement of insurance coverage on the lost rigs after the presumed date of loss.

And where a seller complied with its obligations under CISG article 31 by timely delivering goods to the carrier (so that, presumably, risk of loss had passed to the buyer), a court found that the seller was exempt under article 79 from damages caused when the carrier delayed delivering the goods.