Question

Incoterms determine the seller’s and buyer’s respective obligations concerning responsibilities and charges for the transportation of goods from the seller’s premises to the buyer’s place.a) trueb) false

Answer 1

Answer:

True

Explanation:

Hi, the statement is true.

Incoterms (International Commercial Terms) are commercial terms, commonly used in international commercial transactions.

These terms determine the obligations, reponsabilities, costs and risks of  both parts involved in a comercial transaction (  buyer and seller) where goods are delivered.

Incoterms rules are accepted worldwide.