Which of the following is true about CIF Contracts ........

Sale of Goods Act (SoGA) 1932 Performance of contract of sale

Which of the following is true about CIF Contracts?

It is a type of contract which is more widely and more frequently in use than any other contract used for the purposes of sea-borne commerce.

The property in the goods passes to the buyer on the delivery of document

A CIF contract puts a number of obligations on the seller

All of the above

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Explanation:

- Option 1: It is true that CIF (Cost, Insurance, and Freight) contracts are commonly used in sea-borne commerce due to their structured nature, making it easier for parties to understand their responsibilities.

- Option 2: Under a CIF contract, the property in goods typically passes to the buyer when the shipping documents are delivered, not necessarily when the goods are delivered physically. This is a key feature of CIF contracts.

- Option 3: A CIF contract indeed places several obligations on the seller, such as arranging and paying for transport and insurance to the destination port, and providing necessary documents to the buyer.

- Option 4: All of the above statements regarding CIF contracts are true.