1.There are 11 trade terms or Incoterms published by the International Chamber of Commerce and grouped into four letter categories:E, F, C and D.Place each letter next to the relevant situation facing the seller and buyer.

a.Seller arranges for marine insurance for the goods on board the vessel, and the policy is assigned to the buyer: ______

b.Buyer is the world's largest purchaser of automotive parts and has a lot of leverage, so the seller sends the goods to the buyer's warehouse and will not get paid until the buyer receives the goods: ______

c.Seller is unfamiliar with a new buyer and insists that the buyer arrange for immediate payment and pick up the goods at the seller's factory: ______

d.Seller arranges transport of its goods to the nearest port where they are placed at the dock or loaded onto the vessel.The buyer then takes possession: ______