Problem 1: What problem do incoterms solve and why would these terms be necessary for international trade? Discuss in detail.
Problem 2: Of the four primary incoterm groups (E, C, F, D), explain the primary transition points for each group (between the buyer and the seller) of the following responsibilities: Arrangement and payment of ocean freight, arrangement and payment of insurance, and importation.
Problem 3: How does your learning of incoterms relate connect to other courses that you're taking within this program? Can you see connections?