In the reverse to Part II, this Part III deals with Insurance of Contracts Which Include Seller’s Obligations to Provide Insurance for the Buyer. As in Chap. 3 , this chapter discusses the general Nature and Characteristics of the only contract in this category: the CIF. The chapter covers it under: Introduction; The General Nature of CIF Contracts; “Variants” of CIF Contracts as opposite to “Variations” in FOB; Shipment of Goods; Physical and Symbolic Delivery of Goods; Tender of Documents; Payments for Goods; Other Essential Characteristics; Importance of Documents; Whether the contract is for Sale of Documents or Sale of Goods!?; Importance of Appropriation in CIF Contracts; Passage of Property; Passage of Risks; The Two Rights of Rejection-of documents when tendered and goods when delivered-the only contract providing these remedies to the buyer; Importance of Insurance-the very essence of the contract; Examples of Insurance Clauses; Comparative Status in International Trade; Comparisons with the older FOB Contract; Under the American UCC and Incoterms for Americans Guidelines; Comparison with C&F Contract; Remedies under CIF and Related Contracts; Frustrations of CIF Contracts; “Further Food for Thoughts”; Concluding Remarks; References; and Further Readings.