According to Incoterms 2020, the export clearance obligation under FAS is on the seller.
Correct Answer:
Verified
Q19: An Airway bill of lading covers only
Q20: Under an Airway bill of lading, a
Q21: Shipment contracts allocate the risk of loss
Q22: C&F and C. I.F. are destination contracts.
Q23: Under the CFR trade term, the buyer
Q25: Under FOB and FAS, the buyer bears
Q26: Ex-works is the most pro-seller trade term.
Q27: Destination contracts are more common in international
Q28: Under trade terms DES Tokyo, the seller
Q29: Under the trade terms Ex-Factory, the seller
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents