The purpose of Incoterms® is to establish common:

Incoterms® (International Commercial Terms) are standardized terms used in international and domestic trade contracts to define the responsibilities of buyers and sellers. Here's why option B is correct:

Standardization: Incoterms® provide a set of standardized terms that clarify the responsibilities of buyers and sellers in trade transactions.

Contract Clarity: They specify who is responsible for costs, risks, and tasks involved in the delivery of goods from the seller to the buyer.

Global Use: Incoterms® are globally recognized and used in international trade, ensuring that all parties have a clear understanding of their contractual obligations.

Risk Management: By defining when the risk transfers from the seller to the buyer, Incoterms® help manage and mitigate risks in the supply chain.