Incoterms (International Commercial Terms) are a set of standardized three-letter trade terms used in international contracts for the sale of goods. They define the obligations, risks, and costs of the buyer and seller in the delivery of goods from one country to another. They do not relate to laws or trade agreements between countries.

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Incoterms Rules Are

Question 8

Multiple Choice

Incoterms rules are

A) a series of three-letter codes used in international contracts for the sales of goods.
B) trade agreements promoting common policies among member states.
C) a series of laws designed to make international contracts more uniform and predictable.
D) rules outlining when the power of one nation can impose its laws in other countries.

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