(1) Tender of delivery requires that the seller put and hold conforming goods at the buyer's disposition and give the buyer any notification reasonably necessary to enable him to take delivery. The manner, time, and place for tender are determined by the agreement and this article, and in particular:
Tender must be at a reasonable hour, and if it is of goods they must be kept availablefor the period reasonably necessary to enable the buyer to take possession; but
Unless otherwise agreed, the buyer must furnish facilities reasonably suited to thereceipt of the goods.
Where the case is within section 4-2-504 respecting shipment, tender requires thatthe seller comply with its provisions.
Where the seller is required to deliver at a particular destination, tender requires thathe comply with subsection (1) of this section and also in any appropriate case tender documents as described in subsections (4) and (5) of this section.
Where goods are in the possession of a bailee and are to be delivered without beingmoved:
Tender requires that the seller either tender a negotiable document of title coveringsuch goods or procure acknowledgment by the bailee of the buyer's right to possession of the goods; but
Tender to the buyer of a nonnegotiable document of title or of a record directing thebailee to deliver is sufficient tender unless the buyer seasonably objects, and except as otherwise provided in article 9 of this title, receipt by the bailee of notification of the buyer's rights fixes those rights as against the bailee and all third persons; but risk of loss of the goods and of any failure by the bailee to honor the nonnegotiable document of title or to obey the direction remains on the seller until the buyer has had a reasonable time to present the document or direction, and a refusal by the bailee to honor the document or to obey the direction defeats the tender.
(5) Where the contract requires the seller to deliver documents:
He must tender all such documents in correct form, except as provided in this articlewith respect to bills of lading in a set (subsection (2) of section 4-2-323); and
Tender through customary banking channels is sufficient and dishonor of a draftaccompanying or associated with the documents constitutes nonacceptance or rejection.
Source: L. 65: p. 1322, § 1. C.R.S. 1963: § 155-2-503. L. 2006: (4)(b) and (5)(b) amended, p. 491, § 10, effective September 1.