1. CIF Contract
... buyer receives them. According to the Icoterms 1990, the seller must "A3 (b) Obtain at his own experience cargo insurance as agreed in the contract, that the buyer, or any other person haying an insurable interest in the goods, shall be entitled to claim directly from the insurer and ... rejected. Another important obligation for the buyer is to open commercial credit. First of all, the method of payment must be specified in CIF contract of sale. Second, if the method of payment is commercial credit, than when it is going to take place is also important to be noticed ... unsuitable or...
- Word Count: 3723
- Approx Pages: 15
- Has Bibliography
- Grade Level: High School