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Why are Incoterms 2020 and Terms of Payment considered an important factor in executing global trade contracts? and also provide five various examples and risk

Why are Incoterms 2020 and Terms of Payment considered an important factor in executing global trade contracts? and also provide five various examples and risk related risk factors,

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Answer Incoterms 2020 and terms of payment are crucial factors in executing global trade contracts for several reasons 1 Clarity and Consistency Incoterms 2020 provide standardized terms that clearly ... blur-text-image

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