menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    International Business Law
  4. Exam
    Exam 5: The Documentary Sale and Terms of Trade
  5. Question
    The Difference Between Terms "CFR" and "CIF" Is That Under
Solved

The Difference Between Terms "CFR" and "CIF" Is That Under

Question 71

Question 71

True/False

The difference between terms "CFR" and "CIF" is that under "CIF" term of sale,the buyer must procure his own marine insurance coverage on the goods.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q62: Rich Maes contracts to deliver bison meats

Q63: A sale made with terms "CIF Tokyo"

Q64: Compare and contrast the instances in which

Q65: Prepare an invoice that contemplates any number

Q66: What are the benefits and possible detriments

Q67: Under Cedar Petrochemicals,Incoterms are incorporated into the

Q68: Negotiable instruments are unconditional promises to pay.

Q69: Consider when a shipping term as opposed

Q70: Compare and contrast the circumstances under which

Q72: The two types of contracts named for

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines