1)

For the following three incoterms 2020, name the party that bears the COST for the listed stages of the shipment.Please use B for buyer and S for seller

EXW Sellers Door FCA Sellers Door CIP Destination City

Ocean freight charges

Provide a commercial invoice

Assist in obtaining an export permit

Select carrier and make a booking

Local cartage at origin

Final delivery at destination

Import Customs Duties

2)

For the following three incoterms 2020, name the party that bears the RISK for the listed stages of the shipment.Please use B for buyer and S for seller

EXW Sellers Door FCA Sellers Door CIP Destination City 1.Goods damaged while on

the way to export port

2.Goods washed overboard

3.Goods destroyed by fire

while at the freight forwarders

export terminal before

commencement of the main

carriage to destination

4. Goods stolen while ready for

pick up at factory