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1. Describe the procedures of a documentary sale with particular reference to the rights
and obligations of all stakeholders involved. [30 marks]
2. Critically assess the scenario where a seller under a CIF (Cost, Insurance and
Freight) documentary sale has failed to subscribe to an insurance policy and he or she
intends to file an action against the freight forwarder and the carrier for his stolen
cargo. [50 marks]
3. Evaluate the decisions of the relevant court in terms of its implications to international
trade law in ONE (1) of the following cases: [20 marks]
i) Biddell Brothers v. E. Clemens Horst Co. (1911) (1911) 1 King’s Bench 934;
or
ii) St. Paul Guardian Insurance Co. v. Neuromed Medical Systems & Support
(2002) S.D.N.Y
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