In CIF contracts, risk passes at the time of shipment but the property does not ...

In CIF contracts, risk passes at the time of shipment. This means that once the goods are loaded onto the ship, any damage or loss that may occur during transportation is the responsibility of the buyer. However, the property does not pass until the shipping manifest is signed. This means that the buyer does not officially own the goods until the shipping manifest, which is a document that lists the details of the shipment, is signed. At this point, the buyer becomes the legal owner of the goods.

Option B, which states that the property passes when the shipping manifest is signed, is the correct answer. The other options, such as physical transfer of goods, transfer of shipping documents, or delivery of goods on board, are not the correct points at which the property passes in CIF contracts.

It is important to understand the concept of risk and property transfer in contracts, as it determines the responsibilities and ownership of goods between the buyer and the seller.