incoterms were first formulated Question 2 of 10 Syllabus oats& Quizzes Web Cont

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incoterms were first formulated Question 2 of 10 Syllabus oats& Quizzes Web Content Wiki Help Incoterms were first formulated and then updated in these years respectively: A1936 and 1944 O B. 1936 and 2010 C.1936 and 2015 O D2010 and 2015 Reset Selection Question 3 of 10 Incoterms were formulated by: O A.The US Commerce Department O B.The US Department of the Treasury 0 C·Interstate Commerce Commission or ICC O D·International Chamber of Commerce or icc Reset Selection Question 4 of 10 The most risky delivery arrangement for an importer is: ADAR (Deliver at Place) B.C.LE (Cost, Insurance and Freight) O C.EX.W. (Ex Works) O D.FO.B. (Free on Board) Reset Selection Question 5 of 10 The least risky delivery arrangement for an exporter is O A.C.L.F. (Cost, Insurance and Freight) BDA.P (Deliver at Place) O C.D.P.P. (Deliver at place, Duty Paid) O D.FO.B. (Free on Board) Reset Selection ltlooks like you haven't started Firefox in a while. Do you want to clean it up for a fresh, lilke-new experience?

Explanation / Answer

Ans 2) B. 1936 and 2010

Ans 3) D. International Chamber of Commerce or ICC

Ans 4) C. Ex Works because in this the only responsibility of seller or exporter is packaging and after that everything has to done by the importer which is most risky.

Ans 5) A. Cost, Insurance and Freight is the least risky delivery arrangement for exporter because the risk of loss is borne by the buyer from that very moment when merchandise is loaded into the first carrier thereafter, the buyer has to look forward to the import customs clearance and the unloading expenses so that makes least risky for the exporter.

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