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Explain the importance of incoterms

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1. Explain the importance of INCOTERMS 2015 in the chosen Organization. (Assessment Criteria 3.1 : Explain the role of Incoterms and define 3 incoterms that places most of the risk on the supplier.

2. Interpret the types of Letter of Credit (L/C) with respect to the chosen Organization above case.(Assessment Criteria 3.2: Interpret the types of Letter of Credit (L/C).

3. What is the role of UCP 600 with respect to the chosen Organization?(Assessment Criteria3.4: Knowledge of UCP 600).

Reference no: EM132560479

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