Problem
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).
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.