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What is the primary value in the extensive documentation required for import and export transactions? It requires staff with specialized experience in trade documentation. Domestic

What is the primary value in the extensive documentation required for import and export transactions?

It requires staff with specialized experience in trade documentation.

Domestic carriers will not transport products without the proper INCOTERMS.

It provides a common framework to allow unfamiliar parties in an international transaction to trust each other.

While customs officials in the exporting country do not require documentation, products cannot enter the importing country without proper trade documentation.

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