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What is meant by term Sale contract in case of Marine Insurance? Briefly explain the three types of sale contract. |
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Answer» In Marine Insurance, it is the Sales Contract that decides as to who should take the Insurance. There are different types of sales contracts. 1) F.O.B. (Free on Board) 2) C.I.F. (Cost, Insurance and Freight) 3) C & F (Cost and Freight) |
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