Under the Cost,Insurance,and Freight Incoterm,the importer takes responsibility for the goods when they are placed upon the importer's loading dock.

Question

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Under the Cost, Insurance, and Freight (CIF) Incoterm, the seller is responsible for delivering the goods to the port of shipment and for purchasing insurance for the goods. The buyer takes responsibility for the goods once they pass the ship's rail at the port of shipment, not when they are placed on the importer's loading dock.

Under the Cost,Insurance,and Freight Incoterm,the Importer Takes Responsibility for the Goods