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21. A CIF contract is not a contract that goods shall arrive, but a contract to supply goods that comply with the contract of sale

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21. A CIF contract is not a contract that goods shall arrive, but a contract to supply goods that comply with the contract of sale and to obtain a contract for carriage and contract of insurance. 22. The seller under CIF can obtain, at its own expense, cargo insurance cover provided by Clauses(B) of the Institute Cargo Clauses. 23. A seller having sold his goods on C-terms is considered to have fulfilled his delivery obligation even if something happens to the goods after the point of shipment, while a seller having sold the goods on D-terms has not fulfilled his obligation in similar circumstances. 24. The seller under CIF must obtain, at its own expense, cargo insurance complying at least with the minimum cover provided by Clauses (A) of the Institute Cargo Clauses (LMAZIUA) or any similar clauses. 25. Insurable interest is an essential requirement of a contract of insurance which distinguishes it from a wagering contract. 26. Bill of lading, even though it normally contains the terms of carriage, is regarded in the hands of the shipper as evidence of the contract of carriage 27. Where the cargo is adequate to take up the entire ship's hold, it is normal for the shipper to charter a ship from shipowner. 28. Tramp transportation means a Shipping Company engage their fleet of ships to carry cargo between predetermined ports at regular intervals, under publicly advertised schedule. 29. Unless received for shipment bill of lading contains an additional "on board notation", it does not confirm that goods have been shipped on board to a named vessel. 30. Bearer bill of lading states that delivery will be made to whosoever holds the bill. This document allows the goods to be delivered to the holder of it. 31. Bills of lading made out to named consignees, known as straight bills of lading, are not documents of title. 32. The burden of proof for establishing unseaworthiness rests on the party who asserts it

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