Incoterms are divided into two basic categories:
A) open account and L/C.
B) general and water transport terms.
C) ship and ground transport.
D) export and domestic shipments.
E) risk and nonrisk terms of sale (buyer's perspective).

Question

Quizplus · Accepted Answer

Incoterms are divided into two categories- general and water transport terms. The general terms apply to all modes of transport, while the water transport terms are specifically for shipments by sea or inland waterway. The other options listed are not accurate categorizations of the Incoterms.

Incoterms Are Divided into Two Basic Categories