which ones the following statements of CIF are 'ture' ?
A: Under CIF, the Seller is required to obtain insurance only on minimum over.
B: CIF stands for cost, Insurance and Freight (… named port of destination)
C: The seller must present a bill of lading or other maritime document to the buyer.
D: CIF rule is to be used irrepective of the mode of transport selected.
A: Under CIF, the Seller is required to obtain insurance only on minimum over.
B: CIF stands for cost, Insurance and Freight (… named port of destination)
C: The seller must present a bill of lading or other maritime document to the buyer.
D: CIF rule is to be used irrepective of the mode of transport selected.
举一反三
- In the CIF transaction, the seller is required to obtain insurance only on minimum cover.
- The term CIF under Incoterms 2020 requires the seller to procure insurance for the buyer, but only minimum coverage.
- Unde CIF terms , The seller pays the costs and freight and insurance of the goods to the named port of destination. This is where costs transfer from seller to buyer .
- which ones the following statements of FOB are 'ture' ? A: FOB stands for Free on Board (… named port of destination) B: Tho loading expense actually borne by the buyer. C: FOB requires the seller to clear the goods for export. D: FoB rule is to be used only for sea or inland waterway transport.
- Unless otherwise stipulated in the credit, the minimum amount for which the insurance document must indicate the insurance cover to have been effected is the CIF value of the goods plus 20%, but only when the CIF value can be determined from the documents on their face. （ ）