Question

Which of the following is correct regarding how to split the impo/expo transaction for the purpose of describing INCOTERMs?

Answer 1

Answer:

C. pre-carriage, carriage, on-carriage

Explanation:

INCOTERMs refers to the International Commercial Terms that have been defined and published by the International Chamber of Commerce (ICC) for commercial transactions and handling of scope and modalities during transport of goods from one place to another. There are a variety of INCOTERMs used for different types and modes of transport. Here, import and export transactions refer to the international transactions and the INCOTERMs used for this purpose are pre-carriage, carriage or main carraige, on-carriage.