What you understand by the term "cost insurance freight", Business Management

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QUESTION 1

(a) Mr. Gentil, a Mauritian textile exporter, is proposing to enter into an international sales contract with a French importer, to sell his textile products.
Advise Mr. Gentil how to ensure the validity of the international sales contract.

(b) Explain briefly what you understand by the term "Cost Insurance Freight" (CIF)

QUESTION 2

In this era where international commercial transactions have created an important place worldwide, the World Trade Organisation plays an important role in promoting free trade among countries. Discuss

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