INCOTERMS 2000 which went into effect from January 1, 2000 and is an acronym for ____________________________, are the internationally accepted standard
Definitions for the terms of sale by the International Chamber of Commerce.
A) Industrial Commercial Terms
B) Insurance Commercial Terms
C) Irrevocable Commercial Terms
D) International Commercial Terms
E) none of the above

Question

Quizplus · Accepted Answer

INCOTERMS stands for International Commercial Terms, as they are the globally accepted standard definitions for terms of sale. The other options do not accurately reflect the nature or purpose of INCOTERMS.

INCOTERMS 2000 Which Went into Effect from January 1, 2000