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  • 15-07-2020
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signed a CIF contract

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amgander101 amgander101
  • 15-07-2020

Answer:

In a CIF contract, the price paid by the buyer would normally be inclusive of all costs up to the agreed port of destination at which point the buyer has a duty to receive the goods. This type of contract as can be seen from above frees the buyer form the seller's local export customs.

Explanation:

This was from lawteacher.net

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