❌ Not quite. Incoterms® don’t relate to product codes or pricing — they clarify responsibilities and risks in global trade contracts.
🎯 Correct!
Incoterms® 2020 define who is responsible for transport, insurance, and risk at each stage of a shipment.
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Incoterms® 2020 define the division of responsibilities, costs, and risks between the buyer and seller during international transport. They clarify who arranges freight, handles insurance, and assumes risk — but not pricing, payment terms, or customs duties.
