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International Exporters in Surrey, British Columbia sell 40 wooden pallets of products to Royal Chilean Importers in Chile on CPT, designated port, Incoterms 2020. The

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International Exporters in Surrey, British Columbia sell 40 wooden pallets of products to Royal Chilean Importers in Chile on CPT, designated port, Incoterms 2020. The pallets are loaded into one 40-ft HC ocean container. The terms of payment are open account, net 60 days. There are goods of U.S. origin in the consignment and a General Export Permit is required. However, the GEP 12 was not entered on the Export Declaration. Who is responsible for paying the AMPS penalty? Select one answer. Buyer Seller

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