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Introduction CIF stands for Cost Insurance and Freight In fact this contract imposes a variety of duties to the seller In general this contract is known as a contract for sale and shipment of goods to the agreed destination As far as the payment is regarded it must be made against the production of the appropriate documents according to the contract So in case of CIF contract the seller undertakes more obligation than the buyer All these obligations and duties of the both parties will be examined below The Duties of the Seller To ship the goods according to the contract To arrange for carriage of the goods To arrange insurance To make out invoice to the buyer To tender these documents to the buyer However the seller must ship the goods which means that the seller is obliged to ship the goods to the appropriate place and on the exact date At this point the seller has the full responsibility to determine exactly the time and the place when and where he has placed the goods on the port Also he is obliged to nominate the vessel Further the seller has to arrange for carriage of the goods which means that the buyer does not possess the right to sue the carrier for the breach of the contract he is not a party of the contract If the property in the goods has not passed to the buyer then his right to sue for any damages to the goods is not completed So this means that in CIF contracts the buyer does not has the right to sue the carriage for 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
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