The CIF seller must contract for and pay the costs and ______ necessary to bring the goods to the named port of ______ . The seller also contracts for the ______ cover insurance.
举一反三
- 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 .
- Under FOB terms , the seller pay all freight fee and insurance from the time the goods have been delivered on board the ship at the named port of shipment .
- Under the CIF term the( )must contract for the cargo insurance． A: carrier B: buyer C: consignee D: seller
- Under ,the seller need to contract for insurance cover against the buyer’s risk of loss of or damage to the goods during the carriage（） A: CFR B: FOB C: FAS D: CIF
- 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.