Case Study FT is a leading commodity trading company headquartered in Singapore. SL is a company that processes, packs and sells soybeans from over 20 farms across Australia. FT purchased 100 metric tons of "Australian grown non-GMO (non-Genetically Modified) soybeans" from SL. The purchase was made under a CIF contract, goods to be shipped to Hong Kong from Port Kembla, New South Wales, Australia, latest date of shipment, March 15, 2018. I Additional facts A secondee who just started internship at FT wants to know whether FT has any claim under the terms of a CIF contract for non-conforming goods. Question - Explain to the secondee - the main characteristics of a CIF contract, and whether a CIF contract makes provision for buyer's rights or remedies for non-conforming goods. (16 marks) Answer - Focus