• 2022-06-08
    Incoterms are a set of trading terms and rules that identify the obligations, costs and risks imposed upon ( ).
    A: the shipper and the consignee
    B: the seller and the buyer
    C: the seller and the carrier
    D: the insurer and the insured
  • B

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      For trade terms CIF,after<br/>departure,the<br/>risks of,losses<br/>of or damages to the goods are borne by______. A: the<br/>seller B: the buyer C: the<br/>carrier D: the<br/>ship owner

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      Trade terms provide a set of uniform rules of trade practices for both the seller and the buyer.

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      Force majeure clause is a clause that mainly ( ). A: protects the right of the seller B: protects the right of the buyer C: enables the seller to avoid his contractual obligations D: enables the buyer to avoid his contractual obligations

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      When the risk of loss of or damage to the goods is transferred from the seller to the buyer, all the charges and obligations of this international transaction will be transferred from the seller to the buyer immediately.

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      A stand-by letter of credit ______________. A: is never revoked B: is not a letter of credit C: is invoked in the event of non-compliance by buyer or seller with the terms of an original credit D: is invoked in the event of non-compliance by the buyer or seller with the terms of the sales contract