Exercise $2\mathrm{.}1($Question$)$

For a term of trade to be appropriate, what two $(2)$ important issues must be addressed?

What is the primary responsibility of the freight forwarder when advising their client about the Incoterms rules?

When using the FOB term, why should a freight forwarder be thorough in their probing?

As a freight forwarder, what should you advise your customer in the event that they are not controlling the freight and the seller$/$supplier arranges the freight?

Incoterms ${?}^{\text{'}}$ influence contracts of carriage, insurance and finance. Are Incoterms' effective when dealing with services?

Each trade term used in a sales contract should be accompanied by the words "Incoterms" $2020"$ or the relevant version. Why?

Are the Incoterms $2020$ enforceable through the courts and incorporated into Canadian law?

Incoterms' $2020$ are divided into four main groupings. What are they?

Name the $2$ families for the rules under Incoterms' $2020.$

Name the terms that fall under the rules for any mode or modes of transport.

Name the terms that fall under the rules for sea and inland waterway transport.

Describe the following terms: