Abstract
CIF sale contracts, as a frequently preferred contract term in international commercial sales, is used to specify many issues between parties of the sales contract. Under CIF sale contracts, seller undertakes the liabilities such as carriage and insurance of the goods. The insurance contract carries a lot of significance as the carriage of goods by sea includes threats arising from the sea itself. Not only CIF sale contracts defines the main principles of the insurance contract within itself, but also the main principles of insurance law stipulate the issue. The subject of the contract is one of the main topics of the insurance contract. The subject of the contract is strictly related to the liability of loss under the sales contract. Failure in determination on the subject of the contract is not only a breach of the contract by the seller but also causes many problems related to validity of the contract or the insurer’s succession. This study includes first a brief explanation of CIF sale contracts, then an explanation of the benefit concept, as the subject of the contract, which includes also the relation with the liability of loss taking in regard the Incoterms 2020 and finally an evaluation taking into consideration of judicial decisions related to payment of the sales price.