_____ essentially describe who is responsible for the selection of a carrier, payment of the freight bill, and the method in which the title of goods passes between the purchaser and the supplier.

Question

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Delivery terms, also known as incoterms, dictate the responsibilities and obligations of the buyer and seller in a transaction. This includes determining who is responsible for selecting a carrier, paying the freight bill, and transferring the title of goods. Examples of delivery terms include FOB (free on board), CIF (cost, insurance, and freight), and EXW (ex works).

_____ Essentially Describe Who Is Responsible for the Selection of a Carrier