24. American Buyer "B" contracted to buy gasoline from Chinese Seller "$". The gasoline was sold CIF San Francisco. The gasoline was loaded onboard the ocean tanker at the port of Darien, China. Four hours after the vessel sailed from Darien, the ship sank in heavy weather. The crew was rescued - but the entire cargo was lost. Which of the following statements is TRUE? a. The buyer B may refuse to pay for the gasoline. b. The buyer B must pay for the gasoline and may make a claim under the cargo insurance policy that the seller purchased. e The seller must replace the gasoline that sank with the vessel. d. The seller must offer the buyer a 50%% discount on the price according to the INCOTERMS