CIF is a trade term requiring the seller to arrange the carriage of goods by sea to a port of destination, and provide the buyer with documents necessary to obtain the goods from the seller.
举一反三
- FOB is a trade term requiring the seller to deliver the goods to a named port designated by the buyer.
- Under the CIF term，the risk loss or damage to the goods is transferred from the seller to the buyer when the goods pass the ship’s rail in the port of destination．( )
- 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
- 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
- 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 .