TRUE OR FALSE

1.Maritime Incoterms are exclusively for international shipping.

2.The Maritime Incoterms may have beginnings or extensions using non-water transport.

3.As a general observation, the more a party has control over a certain part or leg of the shipment of the goods, the more probable that the risks and costs belong to that party during that leg.

4.An Incoterms rule, when used, covers only certain aspects of a commercial transaction.

5.Depending on the Incoterms rules used, it is possible for only one party to shoulder most of the costs and risks of the shipment of the goods. This party may either be the seller or the buyer.