1.
Describe Lex Mercatoria and discuss how it has transformed over the centuries and is used
today in international commercial law and arbitration.
2. A shipment for export with the Incoterm Cost and Freight (CFR) Memphis Airport has been
received. Is this usage correct? If not, which Incoterm is correct?
3. What are the similarities and differences between the following?
a. CIF and CIP
b. CFR and FOB
Please discuss in your own words.
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