Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What is the main advantage of classifying Incoterms into three basic categories? The categories determine risks for both exporter and importer. Classification allows Incoterms to
What is the main advantage of classifying Incoterms into three basic categories? The categories determine risks for both exporter and importer. Classification allows Incoterms to be updated every 10 years. Buyers and sellers can more easily decide which rules best align with their company's business strategy. The categories determine which mode of transportation you will use
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started