Multiple choice

CIF contract is

  1. contract for sale of insured goods

  2. contract for sale of goods

  3. contract for sale specific goods

  4. none
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A Correct answer
Explanation

A CIF contract is indeed a contract for the sale of insured goods. The CIF term specifically requires the seller to obtain insurance coverage for the goods during transit to the named port of destination. This insurance component distinguishes CIF from other shipping terms and is integral to the contract type.

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