A sale made "CIF foreign port" implies that the terms of the sale are:

Question

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CIF (Cost, Insurance, Freight) is an Incoterm that means the seller is responsible for the cost of the goods, insurance, and freight to transport the goods to the foreign port of destination. In a CIF sale, the buyer must pay the seller as soon as the documents related to the shipment are presented. Therefore, a sale made CIF foreign port implies that the terms of the sale are "cash against documents" (B), which means the buyer must pay for the goods immediately upon presentation of the shipping documents by the seller or their agent.

A Sale Made "CIF Foreign Port" Implies That the Terms