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DEFINE THE FOLLOWING TERMS WHICH ARE USED VERY FREQUENTLY IN INTERNATIONAL BUSINESS TRANSACTIONS. 1.INCOTERMS - INTERNATIONAL COMMERCIAL TERMINOLOGY - ARE USED FOR MANY REASONS IN

DEFINE THE FOLLOWING TERMS WHICH ARE USED VERY FREQUENTLY IN INTERNATIONAL BUSINESS TRANSACTIONS.

1.INCOTERMS - INTERNATIONAL COMMERCIAL TERMINOLOGY - ARE USED FOR MANY REASONS IN INTERNATIONAL TRADE. WHAT ARE THOSE USES? INCOTERMS ARE USED AROUND THE WORLD.

2.AES - AUTOMATED EXPORT SYSTEM

3.CUSTOMS BOND

4.SCHEDULE "B" NUMBER

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