390. Method of payment.

Under the simple cif contract the buyer's obligation is to pay to the seller the price of the goods in cash on delivery of the documents, namely the bill of lading, invoice and insurance policy1. Other variants in method of payment are, however, common, and it is often a term of the contract that payment is to be made through a documentary letter of credit to be procured by the buyer2. Alternatively, the seller and the buyer may agree, although this has become a far less commonly used method of payment in international sales, that payment is to be made