第二章Case 1: An exporter exports a batch of Christmas gifts to an English buyer with CIF London and as the Christmas gifts are seasonal, they contract that the buyer shall open a credit with the seller before the end of September and the seller shall ship the goods to Hamburg not later than 5th December
Or else, the buyer has the right to cancel the contract and get refund from the seller
So is the amended contract still a CIF contract
Analysis: The contract is not a CIF contract because: (1) CIF contracts are shipment contracts, according to which the seller should deliver the goods on board the nominated ship at port of loading for shipment to the destination within specified time and bear no risks or expenses during the shipment of the goods
In the above case, the seller shall sh