- This topic has 4 replies, 2 voices, and was last updated 5 years ago by
.
Viewing 5 posts - 1 through 5 (of 5 total)
- Posts
If ICC Incoterm CIF applies to a contract, which of the following statements is correct?
a) The seller will be responsible for comprehensive insurance of the goods
b) The seller must pay for the transportation costs to a named destination
c) The buyer must pay for transportation to the first carrier
d) The buyer and seller can choose any mode of transportTo me, both a & b look correct, but only one answer is possible. Would it be D, then?
Ok, I found somewhere that the rule only require a minimum level of cover, which may be commercially unrealistic. Thus, I think the correct answer in B in this case.
Viewing 5 posts - 1 through 5 (of 5 total)
- You must be logged in to reply to this topic.