Exam CLTD topic 1 question 81 discussion

Incoterms is the answer Incoterms, widely-used terms of sale, are a set of 11 internationally recognized rules which define the responsibilities of sellers and buyers. Incoterms specify who is responsible for paying for and managing the shipment, insurance, documentation, customs clearance, and other logistical activities. In brief, the World Trade Organization (WTO) is the only international organization dealing with the global rules of trade. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.

C. Incoterms ® rule

domestic terms or incoterms assign responsibilities for insuring freight eamp incoterm 2010 cif specifies that the seller pays main carriange and insurance which takes the form of a transferrable marine insurance policies page 2-61 CLTD 2020 learning system

It should be Inco terms