Who publishes INCO terms?

Who publishes INCO terms?

• A. The International Chamber of Commerce (ICC)
• B. International Monetary Fund (IMF)
• C. World Trade Organization (WTO)
• D. United Nations (UN)

Answer: (A)

Incoterms are a set of standardized trade terms used to define where responsibilities, risks, and costs transfer between seller and buyer in international sales. They are published and maintained by the International Chamber of Commerce, a global business association that creates practical rules to facilitate cross-border trade. That’s why this organization is the correct source. The IMF focuses on monetary and financial stability, the WTO on international trade rules and dispute settlement, and the UN on broad international cooperation—none of them publish Incoterms.

Incoterms are a set of standardized trade terms used to define where responsibilities, risks, and costs transfer between seller and buyer in international sales. They are published and maintained by the International Chamber of Commerce, a global business association that creates practical rules to facilitate cross-border trade. That’s why this organization is the correct source. The IMF focuses on monetary and financial stability, the WTO on international trade rules and dispute settlement, and the UN on broad international cooperation—none of them publish Incoterms.