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What is the main responsibility of the seller under 'Delivered at Terminal' INCOTERM?
To transport goods across international borders
To clear the goods for export and pay associated charges at the terminal
To ensure insurance coverage for the cargo
To maintain custody of the goods until delivered to the buyer
The correct answer is: To clear the goods for export and pay associated charges at the terminal
The main responsibility of the seller under the 'Delivered at Terminal' INCOTERM is to clear the goods for export and pay associated charges at the terminal. This term indicates that the seller's obligations include transporting the goods to a specified terminal in the destination country, completing all necessary export procedures, and paying any fees that arise during the process until the goods are made available at that terminal for the buyer’s disposal. In this context, the seller is responsible for ensuring that the goods are ready for transfer at the terminal, which includes bearing the cost of transportation, export clearance, and any terminal handling charges up to that point. This reinforces the seller's role in managing logistics and adhering to legal requirements before the buyer can take possession of the goods at the terminal. The other options focus on responsibilities that do not align with the defined obligations under 'Delivered at Terminal'. While transporting goods across international borders is part of the process, it doesn't encompass the full responsibility as characterized by this INCOTERM. Similarly, ensuring insurance coverage might be part of the overall risk management strategy, but it isn't a specific obligation under this term. Finally, maintaining custody of the goods until delivery pertains more to responsibilities that shift to the buyer once the seller has completed their obligations at the terminal