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CIF requires the seller to insure the goods for 110% of the contract value under Institute Cargo Clauses (A) of the Institute of London Underwriters (which is a change from Incoterms 2010 where the minimum was Institute Cargo Clauses (C)), or any similar set of clauses, unless specifically agreed by both parties.
FOB (free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or inland waterway ...
The California Interscholastic Federation (CIF) is the governing body for high school sports in the U.S. state of California. CIF membership includes both public and private high schools. Unlike most other state organizations, instead, for some sports, the CIF's 10 Sections each have their own championships.
Credit card companies don't work for free. Every time you use one, the store you're buying from is charged a "swipe fee" — and that charge will get passed down to you in higher prices.
There's a controversy brewing involving the nation's newest military branch over the potential of moving Air National Guard units into the U.S. Space Force.
International commercial contracts are sale transaction agreements made between parties from different countries. [4]The methods of entering the foreign market, [5] with choice made balancing costs, control and risk, include: [6]
A divided U.S. appeals court on Friday ruled that the National Labor Relations Board went too far by ordering Tesla CEO Elon Musk to delete a 2018 tweet stating employees of the electric vehicle ...
In turn, it was the California Practice Act that served as the foundation of the California Code of Civil Procedure. New York never enacted Field's proposed civil or political codes, and belatedly enacted his proposed penal and criminal procedure codes only after California, but they were the basis of the codes enacted by California in 1872. [11]