At what point does risk transfer from the seller to the buyer if the terms of shipment are DAP(destination address)?
Once goods are delivered at the destination address.
When the Incoterm is Ex Works, the buyer's nominated freight forwarder must arrange for the loading of the goods into the truck at the factory. In practice, the seller assts in this risk.
True
Which is the only Incoterm that requires the seller to pay customs duty in the destination country?
DDP (Delivered Duty Paid)