Who was responsible for introducing the concept of Incoterms?
A.
United Nations Commission
B.
International Commerce Centre
C.
International Chamber of Commerce
D.
World Trade Organisation
The Answer Is:
C
This question includes an explanation.
Explanation:
Incoterms, short for International Commercial Terms, were introduced by the International Chamber of Commerce (ICC) in 1936. These standardized terms are used globally to define the responsibilities of buyers and sellers in international trade, helping to avoid misunderstandings by clarifying tasks, costs, and risks involved in the delivery of goods.
[Reference:, International Chamber of Commerce:, , , , ]
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