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Customs - Started By: - Kishan Barai - Dated:- 4-5-2016 Last Replied Date:- 18-5-2016 - Suppose I am an Importer & I have done deal in LC at sight & incoterm is CIF. Now as per LC the Supplier (Exporter) will receive money against documents. As an Importer I will receive goods later. Now I found that the goods are received in damaged condition. Exporter has got clean B/L so he is saved. Now who will pay me if I have got cover C as per CIF ?? In cover C damages of goods in not cover I sup .....

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Reply By Kishan Barai - The Reply = Best would be insurance cover A as it would cover all risk. But insurance co provide insurance without looking at cargo. Insurance company do spot survey when claim is asked for, When you receive cargo in damaged condition & if the cargo is poorly Packed you might not get any money for insurance. Even if the mode of payment is LC & incoterm is CIF. Exporter will get money against documents & Importer will receive damage cargo in above case. I hope .....

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