D.A.D. Enterprises Inc. (DAD) is located in Whitehorse. It has entered into a contract for the purchase of goods from Finnigan Fishing Rods & Reels Ltd. In accordance with the terms of the contract, Finnigan must, among other things, arrange shipping. What type of arrangement exists between these parties?

Question

Quizplus · Accepted Answer

The arrangement described is "c.i.f. Whitehorse," which stands for "cost, insurance, and freight" to Whitehorse. This means Finnigan Fishing Rods & Reels Ltd. is responsible for the cost of the goods, insurance, and freight to get the goods to Whitehorse.

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