Once goods are delivered to a carrier under a c.i.f. contract, the seller typically submits the bill of lading and certificate of insurance to the buyer in exchange for payment of the price of the goods.

Question

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In a c.i.f. (cost, insurance, and freight) contract, the seller is responsible for arranging and paying for the transportation and insurance of the goods to the destination. The seller provides the buyer with the bill of lading and insurance certificate, which are necessary for the buyer to take possession of the goods and make payment.

Once Goods Are Delivered to a Carrier Under a C