The scenario
A Spanish exporter ships olive oil to a Japanese buyer under CIF Incoterms, requiring marine insurance and an on-board bill of lading. The flow covers preparation, customs, loading, documentation, payment, transit, and delivery.
What is in this drawing
Read the decisions behind it.
01
Export customs clearance approved
02
Documents comply with letter of credit
Use when modeling CIF export procedures involving marine insurance, bill of lading, and documentary compliance for international shipments.
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