Question
A buyer and seller entered into a CIF (Cost, Insurance,
Freight) contract. The seller shipped the goods and handed over the bill of lading and insurance documents to the buyer. Before the goods reached the destination, they were destroyed at sea. Who bears the risk?Solution
In a CIF contract, risk passes to the buyer once goods are shipped and documents are delivered. The buyer is now protected through the insurance arranged by the seller but bears the risk of loss.
Which Indian bank became the first to open an all-digital branch, where no human beings are employed for regular operations?
In the recent Commonwealth Games held in Birmingham, Tulika Maan bagged the silver medal in the event for____ by defeating Sarah Adlington?
Which of the following is the largest satellite of the Solar System?
The important centres for cricket bats and other playing goods are
Which river is the longest in Asia?
Which book was published on 23rd January 2021 marking the 125th birth anniversary of Netaji Subhash Chandra Bose?
Who has been named as the High Commissioner of India to Bangladesh?
The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) insurance cover might be increased to:
Which country annual Government report is known as “Yellow book”?
Which city is known as the - Paris of Haryana?
