You are a manager at a global trading company, and your team is responsible for managing international shipments of electronics components. You recently entered a contract with a supplier, Fine Oils (M) Sdn. Bhd. in Port Klang, Malaysia to purchase and deliver a large quantity of palm oil to Wonder Edibles LLM company in Birmingham, United Kingdom. You've chosen to use the Incoterm "ClF" (Cost, Insurance and Freight) for this transaction. Required: Please describe, step by step, how the CIF Incoterm will govern this shipment from the moment the contract is initiated to the delivery of the points at each stage of the shipment process. (20 Marks)