UGC NET Commerce Q77

Question

In International Commercial Terms (INCOTERMES), identify the one, under which the delivery of goods to the named place of destination (discharge) takes place at the seller's expense. Buyers assumes the cargo insurance, import custom clearance, payment of custom duties, taxes and other costs and risk
1. Carriage and Insurance Paid To (CIP)
2. Cost, Insurance and Freight (CIF)
3. Carriage Paid To (CPT)
4. Cost and Freight (CFR)

Accepted Answer

2