INCOTERMS 2010 which went into effect from January 1, 2011 and is an acronym for _____, are the internationally accepted standard definitions for the terms of sale by the International Chamber of Commerce.
A)Industrial Commercial Terms
B)Insurance Commercial Terms
C)Irrevocable Commercial Terms
D)International Commercial Terms
E)none of the above

Question

Quizplus · Accepted Answer

INCOTERMS is an acronym for International Commercial Terms, which are a series of pre-defined commercial terms published by the International Chamber of Commerce relating to international commercial law.

INCOTERMS 2010 Which Went into Effect from January 1, 2011