In November of a certain year, a foreign trade company in China signed a contract with a foreigner for the export of 5,000 metric tons of steel, with price terms of CIF Vancouver. Payment is on demand

In November of a certain year, a foreign trade company in China signed a contract with a foreigner for the export of 5,000 metric tons of steel, with price terms of CIF Vancouver. Payment is on demand not Hello, CIF and FOB, the same, belongs to the "contract of shipment", that is, the responsibility and risk division point and FOB consistent, the seller in the an contract at the place of shipment after the delivery of the goods for shipment, the goods may occur after any risk does not bear any responsibility, no guarantee of arrival.

Secondly, CIF is a typical "symbolic delivery", that is, the seller with a single delivery, the buyer with a single payment, as long as the seller as scheduled to the buyer to submit a full set of qualified documents under the contract, even if the goods are damaged or lost in transit, the buyer must fulfill the payment of the Yiwu, but the buyer can with the bill of lading to the shipping side or with the insurance policy to the insurance company to request a claim. On the contrary, if the seller submitted documents do not meet the requirements, even if the goods arrived at the destination intact, the buyer still has the right to refuse payment. Therefore, the seller in the question can ask the buyer to pay unconditionally.