Chapter 2
1.Choose the right answer from each of the following.
1) Incoterms are a standard set of terms and abbreviations developed by _______.
A. the International Law Association
B. the International Chamber of Commerce
C. the United Nations Conference on Trade and Development
D. American commercial groups
2) In the international trade practices regarding trade terms, which of the following is the most influential and widely used _______.
A. Hague Rules
B. Warsaw-Oxfor