1. CIF Contract
... the damages. As far as the documents are regarded, the seller must tender to the buyer an invoice, a clean shipped bill of lading and an insurance policy. These documents are very important because the buyer will pay the price in exchange for the documents, and it is crucial that they are accurate. If ... for CIF is that the bill of lading is the document of title to the goods, giving the transferee the right to possession of goods. The insurance policy must cover the goods from the moment when they are load on the board until the buyer receives them. According to the Icoterms 1990, the ...
- Word Count: 3723
- Approx Pages: 15
- Has Bibliography
- Grade Level: High School