Enumerate the documents required under CIF contract and discuss their features
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The documents required under the CIF contract are as follows:
Bill of lading : it should be in the normal form. It is the practice of handling credit transaction to call for negotiable bills of landing.This also ensure clean Bill of lading.
Insurance documents: This simply an insurance upon items to give some beneficiary over items. It covers the terms current within a trade.
The invoice:
It is the very brief information about the goods made by the exporter. Also stated that the good is shipped or to be shipped .
Other documents (certificate , draft):
These may be demand by the applicants and bank can demand of it.
Bill of lading : it should be in the normal form. It is the practice of handling credit transaction to call for negotiable bills of landing.This also ensure clean Bill of lading.
Insurance documents: This simply an insurance upon items to give some beneficiary over items. It covers the terms current within a trade.
The invoice:
It is the very brief information about the goods made by the exporter. Also stated that the good is shipped or to be shipped .
Other documents (certificate , draft):
These may be demand by the applicants and bank can demand of it.
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