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Questions and Answers
Under what circumstances can Incoterms® be brought up in the court of law?
In which situation can Incoterms® be used in a legal dispute?
When can Incoterms® be invoked in a court of law?
Study Notes
Incoterms® in Legal Disputes
- Incoterms® can be brought up in a court of law when there is a dispute between the buyer and the seller regarding the interpretation of the terms of trade.
- Incoterms® can be used in a legal dispute to clarify the responsibilities of the buyer and the seller, particularly in regards to delivery, risk, and cost.
- Incoterms® can be invoked in a court of law when there is a need to establish the intention of the parties involved in the sale, particularly in regards to the allocation of risk and responsibility.
- The use of Incoterms® in a legal dispute can help to resolve issues related to the delivery of goods, such as when and where the goods were delivered, and who bears the risk of loss or damage.
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Description
Test your knowledge of Incoterms® 2020 and identify the most appropriate term for ABC Importing in Germany when importing from Vietnam. Avoid customs procedure risks by selecting the correct Incoterm for the given circumstances.
