International Regulations/Assessment

Assessment
{Many international business regulation are created by the -Association of Freight Forwarders. -buyer’s local government. +the International Chamber of Commerce. -US Department of Commerce.
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{The Incoterms were created to clearly define -the best method of shipping an order from the seller to the buyer. +when ownership of merchandise passes from the seller to the buyer. -the least risky method of payment the seller should quote the buyer. -how funds will be transferred from the buyer to the seller.
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{The UCP which defines the rights and obligations of banks and businesses involved in documentary transactions is considered -a legal and binding document. -contractual law by the governments. -flexible and adaptable to each transaction. +a guideline for practices.
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{The goal of the WTO is to help -governments maintain control over business. +importers and exporters conduct their business. -smaller companies succeed in international business. -big companies maintain dominance in international business.
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