Question: Q1. What problem do incoterms solve and why would these terms be necessary for international trade? Discuss in detail. Q2. Of the four primary incoterm

Q1. What problem do incoterms solve and why would these terms be necessary for international trade? Discuss in detail.

Q2. Of the four primary incoterm groups (E, C, F, D), explain the primary transition points for each group (between the buyer and the seller) of the following responsibilities: Arrangement and payment of ocean freight, arrangement and payment of insurance, and importation.

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