Case study topic: A company in China signed a contract to export 600 metric tons of rice, with the price terms of CIF Liverpool, June shipment and sight letter of credit. ...

1。 As long as the documents in the letter of credit are checked correctly and conform to the terms of the letter of credit, the bank will arrange a payment redemption form, and the exchange procedures for funds and documents under the letter of credit completed in advance have been completed in the right way.

2。 When the buyer finds that the goods are defective or damaged, he shall take evidence on the spot. After the goods are rejected, the seller may be required to cooperate (return, refund or claim).

3。 If the seller can prove that the goods are qualified and the quantity is correct at the time of shipment. Then the seller's greatest obligation is to cooperate with the buyer to claim compensation from the insurance company.

4。 For the goods concluded on CIF terms, although the freight and insurance premium are borne by the seller, the risks related to the transportation of the goods are borne by the buyer. . Therefore, it should be pursued by the buyer (to the shipping company or insurance company). Unless the buyer can prove that there is a problem in the delivery of the goods, the seller has commercial fraud. Otherwise, it is unreasonable to ask for a refund.