1. What is this Incoterm (i.e., what does the 3-letter acronym stand for?), and is it appropriate for containerized shipments? Why/Why not? 2. Is the seller or buyer responsible for selecting the transportation carrier and paying the freight costs? 3. Where do costs transfer from the seller to the buyer? 4. Where does risk transfer from the seller to the buyer? 5. Is the seller or buyer responsible for export customs formalities? 6. Is the seller or buyer responsible for import customs formalities? 7. Is the seller or buyer responsible for arranging cargo insurance? 8. Is the seller or buyer responsible for loading the shipment on the carrier's collecting vehicle? Why? 9. Is the seller or buyer responsible for unloading the shipment from the carrier's delivering vehicle? Why? 10. If you were a buyer, would you select this term? Why/why not?

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1 The 3letter acronym stands for International Commercial Terms Whether an Incoterm is appropriate for containerized shipments depends on the specific ... View the full answer