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 .

2022-06-10

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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.
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Under the FOB term, the risk of loss or damage to the goods is transferred from the seller to the buyer when goods pass the ship"s rail in the ______. A: port of shipment B: place of shipment C: port of destination D: place of destination
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Under the CFR term, the risk of loss of or damage to the goods is transferred from the seller to the buyer when the goods pass the ship’s rail in the （）. A: port of destination B: port of discharge C: port of shipment D: port of delivery
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Under CPT，the( )bears all risks and additional costs occurring after the goods have been so delivered． A: seller B: buyer C: freight forwarder D: receiver
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5 Under DDP, the seller pays for all transportation costs and bears all risk until the goods have been delivered and pays the duty.