Incoterms refer to terms of sale for international shipments, specifying the responsibilities of the buyer and seller for the delivery of goods. They define the obligations, risks, and costs involved in the transportation and delivery of goods from one party to another in international trade.

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Incoterms Refer To

Question 10

Multiple Choice

Incoterms refer to:

A) terms of sale for international shipments
B) a specific method of payment for international shipments
C) standardization of international trade terminology
D) standardized procedures for handling international shipments

Correct Answer: